GLG News by Rail Car Leasing Experts

Everyone seems to be buying railroad stocks, from short term hedge funds looking for a turnaround in management performance and financial strategy, to long term value investors like Buffet and Icahn who see promising business prospects and well positioned companies. Both groups seem to have “found”...

The layoffs by the Class I railroads that have recently been reported were well received by Wall Street and the prices of their stocks increased. The report of the layoffs was old news however, to most of the crewman affected, since railroad traffic has been below last year’s level since the start of...

Norfolk Southern’s CEO recently stated that the private equity LBO model is not suited to railroads. The recent purchase of the Florida East Coast Railroad by the private equity group Fortress Investment Group LLC is not an exception to his comment. The FEC was owned by a holding company that also has...

Trinity Industries reported 1st quarter earnings of $0.74 per share, compared to their best quarterly earnings from ongoing operations of $0.71 in the fourth quarter of 2006. Moreover, their backlog of unfilled orders increased to an all time high of 37,790 cars, which represented almost 50% of the...

  The ARCI announced that during the first quarter, the North American railcar builders delivered over 17,000 new railcars but received orders for just more than half that total. As a result, the backlog of unfilled orders fell from roughly 85,000 to 79,000, which is still more than will be built...

The market hype is the UP profits surged 24% in the first quarter in spite of a 5% decline in traffic. Evidently, the market was looking to see if the railroad still had any pricing power and was cheered by their report which showed that increased freight rates had allowed them to raise freight rates...

CSX announced first quarter earnings that were only 2% less than those reported for the first quarter of 2006 even though their carload traffic was down 5% and their intermodal traffic was off 1%. Increases in freight rates helped CSX to actually increase their freight revenue by 4% in spite of the...

  Berkshire Hathaway’s decision that there is value in Burlington Northern Santa Fe Railroad seems to have convinced many investors that the railroad industry is not going to be subject to cyclical swings anymore, or at least of the near future. That would be good news if it were true, but notwithstanding...

  Greenbrier (GBX) announced today that it lost $0.38 per share during its second quarter after a disappointing profit of $0.12 per share during its first quarter. Analysts had expected $0.54 per share in both quarters prior to the earnings announcements. The railcar models for which Greenbrier...

The housing market has presented Oriented Strand Board (OSB) builders a setback to their expansion plans. At the beginning of last year, the industry was expected to add 20% more capacity by 2008, but now the demand for structural panels has declined by over 6% and all that new capacity will not be...