GLG News by Rail Car Leasing Experts

Freightcar America is suffering from a dearth of coal car orders that is likely to last at least a few more quarters. After averaging over 6,500 cars per quarter during 2005, a downward trend in demand for coal equipment started during the first quarter of 2006 and has averaged less than 2,800 cars...

Financial Mismatching - Without understanding the funding connections among an individual sub-prime mortgage, the securitized bond issued with the mortgage as collateral, the hedge fund or managed money sourced to purchase the bond and the commercial paper issued to on-lend into the managed money fund,...

National Steel Car Ltd has been producing railcars in Canada for many years, and has enjoyed the support of the two Canadian Class I carriers. Although it has a US sales force, orders from US customers have been hampered by the location of the plant in Hamilton, Ontario, high Canadian...

Notwithstanding the misleading headline, CSX reported exceptionally strong earnings for the second quarter compared to both the second quarter of 2006 and the first quarter of this year. Both carload and intermodal traffic volumes were less than reported for the same quarter in 2006, but they did not...

Greenbrier says that its attention to costs allowed it to reverse the $0.38 loss in its second quarter with a $0.81 per share profit in its third quarter, bringing its fiscal year income out of the red and up to a $0.55 per share profit. Management always wants to be seen as being in “control”, mitigating...

Ethanol production has been increasing at an exponential rate during the past 12 months, surpassing forecasts of just six months ago. Industry capacity now exceeds 6.3 billion gallons and another 6.1 billion gallons of capacity is under construction. At 12 billion ...

Freightcar America’s announcement that its second quarter earnings will be only half of what was earned during the first quarter, down to 30% of the 2Q06 earnings, and 25% below recent estimates of $1.20/share were included with an announcement of a commitment by a company to order 1,900 new hopper...

Georgetown Rail Equipment Co. (GREX, a privately held railroad equipment supplier) has won orders for over 475 automatic ballast unloading systems to be installed on existing ballast cars in the CSX and BNSF company material hopper fleets. GREX has grown in recent years to be a major supplier of automatic...

In a recent article from Bloomberg News, it was reported that Norfolk Southern will loose autoparts traffic when a Norfolk VA Ford F-150 assembly plant closes so that production can be consolidated in a Michigan Plant. The article is very accurate in presenting the details of how the railroads have...

Enough weeks have passed in the second quarter to make a guess of how the second quarter’s carload statistics of each of the US railroads might look. Although car loadings for the year are down 4.5%, not all railroads did this badly. Some have done better than their reported performance during the first...