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Rail News Home Mechanical February 2017 Part 1 : Progressive Railroading's 2017 Finance and Leasing Guide: Banks Part 2 : Progressive Railroading's 2017 Finance and Leasing Guide: Equipment providers/Equipment Management Services Part 3 : Progressive Railroading's 2017 Finance and Leasing Guide: Finance Companies Part 4 : Progressive Railroading's 2017 Finance and Leasing Guide: Investment Banks Part 5 : Progressive Railroading's 2017 Finance and Leasing Guide: Lessors Part 6 : Progressive Railroading's 2017 Finance and Leasing Guide: Private Equity Firms Part 7 : Progressive Railroading's 2017 Finance and Leasing Guide: Professional Services/Consulting Rail News: Mechanical

AllTranstek LLCSee PROFESSIONAL SERVICES/CONSULTINGAmerican Railcar Industries Inc.100 Clark St., St. Charles, MO 63301
636-940-6000
www.americanrailcar.com | This email address is being protected from spambots. You need JavaScript enabled to view it.Description of services: Rail-car design and manufacture, rail-car leasing, rail-car repair services, rail-car components.Chicago Freight Car Leasing Co.See LESSORSCIT RailSee LESSORSConnell Finance Co. Inc.See LESSORSFreightCar America Inc.See LESSORS (JAIX Leasing Co.)GATX Corp.See LESSORSThe Greenbrier Cos. Inc.See LESSORSHerzog Railroad Services Inc.See LESSORSKasgro Rail Corp.121 Rundle Road, New Castle, PA 16102
724-658-9061 | www.kasgro.comDescription of services: Kasgro Rail Corp. provides heavy-duty rail cars.Mitsui Rail Capital LLCSee LESSORSNational Steel Car Ltd.600 Kenilworth Avenue North
P.O. Box 2450, Hamilton, Ontario L8N 3J4
905-544-3311
www.steelcar.comDescription of services: National Steel Car Ltd. is a freight- and tank-car manufacturer.NRESee LESSORSProgress Rail Equipment LeasingSee LESSORSRALCO LLCSee LESSORSTealinc Ltd.1606 Rosebud Creek Road, Forsyth, MT 59327
720-733-9922 | Fax: 720-733-9966
www.tealinc.com | This email address is being protected from spambots. You need JavaScript enabled to view it.Description of services: Tealinc Ltd. is a rail-car and locomotive operating lessor. The company buys, sells, leases and trades freight cars and locomotives; provides rail-car and locomotive marketing and management services; and provides rail transportation consulting services.Contact: Julie Mink, PresidentTrinity Industries Leasing Co.See LESSORSTTX Co.101 N. Wacker Drive, Chicago, IL 60606312-853-3223 | Fax: 312-984-3892
www.ttx.com | This email address is being protected from spambots. You need JavaScript enabled to view it.Description of services: TTX Co. provides rail cars and related freight car management services to the North American rail industry. TTX’s pool of more than 230,000 rail cars and intermodal wells support shippers in the intermodal, automotive, paper and forest, metals, machinery, wind energy and other markets where flat cars, box cars and gondolas are required. TTX is owned by North America’s leading> railroads; TTX’s free-running pools provide fungible assets that minimize total empty miles, further lowering costs and minimizing risk for the industry, helping railroads conserve their capital for other critical infrastructure needs.Contact: Frank Adcock, Assistant VP Marketing, 312-984-3712,
This email address is being protected from spambots. You need JavaScript enabled to view it.Union Tank Car Co.See LESSORSVertex Railcar Corp.202 Raleigh St., Wilmington, NC 28412
508-556-5500
www.vertexrail.com | This email address is being protected from spambots. You need JavaScript enabled to view it.Description of services: Vertex Railcar Corp. operates a 68-acre, 500,000-square-foot rail-car manufacturing facility in Wilmington, N.C. Vertex can produce up to 8,000 rail cars per year, and can provide design support and rapid delivery of standard or specialized freight cars, the company says. The company offers a variety of car types from oil, chemical, and food-grade tanks to hoppers, gondolas and flat cars. Its special patented gate designs for its aggregate and hopper cars allow for rapid discharge with little or no “on track” maintenance once unloading is complete. The company can sell and lease the cars it builds.Contact: Mara Chiarilli, Marketing Coordinator, This email address is being protected from spambots. You need JavaScript enabled to view it.Wells Fargo RailSee LESSORS previous page next page
Keywords Browse articles on AllTranstek American Railcar Industries Chicago Freight Car Leasing CIT Rail Connell Finance FreightCar America GATX Greenbrier Herzog Railroad Services Kasgro Mitsui Rail Capital National Steel Car NRE Progress Rail RALCO Tealinc Trinity Industries Leasing TTX Union Tank Car Vertex Railcar Wells Fargo Contact Progressive Railroading editorial staff.

Rail News Home Mechanical February 2017 Part 1 : Progressive Railroading's 2017 Finance and Leasing Guide: Banks Part 2 : Progressive Railroading's 2017 Finance and Leasing Guide: Equipment providers/Equipment Management Services Part 3 : Progressive Railroading's 2017 Finance and Leasing Guide: Finance Companies Part 4 : Progressive Railroading's 2017 Finance and Leasing Guide: Investment Banks Part 5 : Progressive Railroading's 2017 Finance and Leasing Guide: Lessors Part 6 : Progressive Railroading's 2017 Finance and Leasing Guide: Private Equity Firms Part 7 : Progressive Railroading's 2017 Finance and Leasing Guide: Professional Services/Consulting Rail News: Mechanical

DVB Bank SE Representative Office New York609 Fifth Ave., New York, NY 10017
Fax: 212-858-2670
www.dvbbank.comDescription of services: DVB Bank’s Land Transport Finance Division, with New York and Frankfurt offices and a dedicated rail team, provides senior-secured asset financing loans for new/used rail cars and locomotives for operating companies, as well as equipment manufacturers and leasing companies. Product offerings include structured debt into leveraged lease, mezzanine and junior debt, mortgage financing, debt underwriting, as well as international mergers and acquisitions advisory, debt and equity capital markets advice offerings, including asset backed securities, and cross border lease arrangement focused on rolling stock assets.Contact: United States — Joe Devoe, Managing Director and Chief Representative, This email address is being protected from spambots. You need JavaScript enabled to view it., 212-858-2616.
Europe — Martin Metz, Managing Director and Head of Land Transport Finance, This email address is being protected from spambots. You need JavaScript enabled to view it., +49-69-97504-350PNC Equipment Finance995 Dalton Ave., Cincinnati, OH 45203
513-455-9617
www.pnc.com/ef | This email address is being protected from spambots. You need JavaScript enabled to view it. of services: Provider of rail-car lease, loans and
financial solutions.Contact: Ken Roseberry, Senior Vice PresidentWells Fargo RailSee LESSORS next page
Keywords Browse articles on DVB Bank PNC Equipment Finance Wells Fargo Rail Contact Progressive Railroading editorial staff.

2/13/2017    

Rail News: Passenger Rail

2/13/2017    

Rail News: Intermodal

The Federal Transit Administration (FTA) will withhold five percent of federal funds to the District of Columbia, Maryland and Virginia until a new Washington Metropolitan Area Transit Authority (WMATA) State Safety Oversight Program (SSOP) is in place.

FTA notified the transit systems in the District of Columbia, Maryland and Virginia that effective immediately the transit formula funds from Fiscal Year 2017 will be held until a SSOP is certified for WMATA rail operations. The funds will be withheld until the jurisdictions pass identical legislation and meet related requirements in order for FTA to certify a new SSOP for WMATA Metrorail and can be restored once the jurisdictions establish a federally-compliant, FTA-certified SSOP.

2/13/2017    

Rail News: Short Lines & Regionals

The Alaska Railroad Corporation (ARRC), citing reduced business and revenues, has cut 49 positions, laying off 31 employees.

ARRC said the current round of position eliminations is part of a "major corporate restructuring effort" as the railroad attempts to counter a 44-percent downturn in freight tonnage since 2008. Of the 49 positions eliminated, 18 were left vacant, lowering the actual lay offs to 31 employees.

Dewberry, a privately held professional services firm, has been selected by the North Carolina Department of Transportation (NCDOT) to develop a transportation and freight master plan for the new Carolina Connector (CCX) intermodal train hub in Rocky Mount, N.C. This facility will serve as a major intermodal transportation center for CSX in the southeast.

Dewberry's efforts will focus on the transportation connections to potential freight nodes across the state and the strategic infrastructure investments that will be crucial to the success of the facility. In addition, the firm will identify key markets for targeted future investment to facilitate continued growth for the benefit of the Eastern North Carolina region and the state.

2/13/2017    

Rail News: Passenger Rail

2/13/2017    

Rail News: CSX Transportation

2/13/2017    

Rail News: CSX Transportation

Rail News Home CSX Transportation 2/13/2017 Rail News: CSX Transportation
CSX Corp. announced late last week that its board has extended the deadline until Feb. 24 to nominate directors and to propose other business to be considered at its 2017 annual meeting.The original deadline was Feb. 10. Any director nominations or proposals of other business that comply with the company's bylaws that are received by Feb. 24 may be brought before shareholders for a vote at the annual meeting.The extended deadline move comes as CSX continues to have discussions with former Canadian Pacific Chief Executive Officer E. Hunter Harrison and activist investor Paul Hilal of Mantle Ridge LP. CSX is discussing a potential contract that would make Harrison CEO of CSX, according to reports by The Wall Street Journal. The newspaper reported that Hilal has requested six seats on CSX's board.CSX, Harrison and Hilal were scheduled to meet Feb. 10 to discuss the proposal. Contact Progressive Railroading editorial staff. More News from 2/13/2017

2/13/2017    

Rail News: Short Lines & Regionals

2/13/2017    

Rail News: Passenger Rail

Rail News Home Federal Legislation & Regulation February 2017 Rail News: Federal Legislation & Regulation

— By This email address is being protected from spambots. You need JavaScript enabled to view it., EditorWhile near-term economic forecasts are murky, particularly in a global context, the regulatory and legislative issues on U.S. railroaders’ minds are the same as they’ve been for the past several years, as Senior Associate Editor Julie Sneider notes in this month’s cover story. What’s changed are the political and rhetorical environments in which those issues might be debated in the months ahead.It’s a pretty safe bet railroads won’t have to work too hard to convince regulators or legislators to preserve or pare back regs. President Trump and the new Congress have been clear about how they feel about regulation. And that’s giving the association representatives that Sneider interviewed — as well as rail finance and leasing execs we surveyed during the information-gathering process for our 17th annual Finance & Leasing Guide — cause for optimism about the near term.Less certain is whether the new administration and Congress will side with the rail industry on (or even consider) other matters this year — whether it’s the bigger/heavier trucks issue or the call to extend the short-line tax credit. Then there’s the trade agreement and tariff talk, and the potential intermodal implications that go with it. Ultimately, it’s unclear where rail will rate on the urgency meter in 2017. Frankly, it’s unclear every year. But in 2017, the winds of change in Washington may sweep more than a few industry-specific issues off the discussion table. Or at least off to the side for a spell.Perhaps we’ll know more next month. On March 2, railroaders will be in Washington, D.C., to deliver their message(s) to congressfolk at Railroad Day on Capitol Hill. I’ll be doing my usual fly-on-the-wall observing and listening. I’ll report back — on the tone and tenor of the conversations, if nothing else.More star power at Secure Rail 2017We recently added more star power to the already-stellar lineup of speakers for Secure Rail 2017. Laird Pitz, vice president and chief risk officer for CP, and Jim McKenney, solutions architect-operational technology for CSX, have signed on as presenters at this year’s conference, which will be held April 5-6 at the Rosen Plaza Hotel in Orlando, Fla.Other presenters at our third annual conference will discuss the latest risks and threats to physical and cybersecurity, how to anticipate future threats, and other topics, including managing and protecting employees, passengers and assets. In all, there are more than 20 scheduled conference sessions.The theme of Secure Rail 2017 — the only conference that addresses North American rail security from an organizational perspective on both physical and cybersecurity — is “Protection, Prevention and Planning for the Future.”For more information or to register, visit SecureRailConference.com.
Keywords Browse articles on winds of change rail regulation President Trump Railroad Day Secure Rail 2017 Contact Progressive Railroading editorial staff.

2/10/2017    

Rail News: Intermodal

2/10/2017    

Rail News: People

Pettibone/Traverse Lift, LLC,  has appointed Scott Raffaelli as its new vice president and general manager.

 

The Short Line Safety Institute (SLSI) launched a new safety initiative aimed at providing small railroads with seasonal safety tips.

The Safety Tip Tuesday program is meant to be posted in breakrooms and discussed during daily safety briefings. The tips are designed to be colorful with a new tip available on the Institute's website and Facebook page each Tuesday.

Scott E. Trommer has been named a principal with the U.S. Advisory Services division of WSP | Parsons Brinckerhoff.