GLG News by Railcar Market Experts (EU)

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...

    The Surface Transportation Board (STB) is asking for comments on its new definition of a “contract”. This could trigger a benefit to the railroads, such as Union Pacific, BNSF, Norfolk Southern, and CSX).

    The Dakota Minnesota & Eastern (DM&E) was turned down for its application with the Federal Railroad Administration (FRA) for approximately $2.3 billion in Government-backed loan guarantees through the Railroad Rehabilitation & Improvement Financing (RRIF) out of...

    The Energy Information Agency (EIA) has been overstating the coal production cuts in the Central Appalachian region.. Those that have been utilizing the EIA numbers for modeling coal producer sales from the Central Appalachian region or for estimating coal inventories at utilities...

    Massey had a one-two punch of news. The first, which is the linked resignation letter, was the abrupt departure of two Board Members from Third Point Capital. The second was the Federal District Court of Southern West Virginia’s ruling on June 13, 2007 rejecting the practice...

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...