Vertex News

Written by William C. Vantuono, Editor-in-Chief The Railway Supply Institute ARCI (American Railway Car Institute) Committee on July 25 published its railcar industry order, delivery and backlog statistics for second-quarter 2017. Orders in the quarter improved sequentially to 17,665 cars from 4,814 cars in the first quarter. Deliveries of 10,625 railcars increased 5.8% from 10,042 railcars. The backlog now stands[...]

Written by William C. Vantuono, Editor-in-Chief Based on responses to Cowen and Company’s Second Quarter 2017 Rail Equipment Survey, the percentage of shippers who will or may order railcars is flat compared to 1Q2017, “but the conviction level about ordering rose meaningfully,” says analyst Matt Elkott. “On a same-shipper basis, this percentage declined materially, but the conviction[...]

After three years of planning, nearly $4 billion in capital investment and a year of legal disputes and protests, the Dakota Access Pipeline began transporting crude oil from the Bakken Shale region of North Dakota to the Gulf Coast last month. The move came just two months after President Trump issued the permits for the even-more-contested Keystone XL pipeline, which, if completed, would link the Canadian tar sands[...]

Vertex Railcar Corp. is now officially certified to manufacture and supply tank cars to the North American market. The company, based in Wilmington, N.C., received the Association of American Railroads ’ M-1002 Initial Certification in early July. The certification covers new, general service non-pressurized tank cars built to new U.S. Department of Transportation DOT117 specifications. Vertex[...]

Written by William C. Vantuono, Editor-in-Chief Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share, according to market research conducted by Cowen and Company analyst Matt Elkott. Pricing should begin to rebound, provided order activity “accelerates and proves sustainable,”[...]