News

Why The Oil Industry Might Prefer Rail To Pipelines In Turbulent Times

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[...]

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AAR certifies Vertex for tank car construction

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[...]

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Rising railcar demand prompts aggressive pricing: Matt Elkott

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,”[...]

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Local youth struggling with homelessness heading to Alaska

One of Vertex Outreach Services recipients, the National Center of Outdoor and Adventure Education program, is going with 10 local kids on a backcountry trip to Alaska on June 29th. WILMINGTON, NC (WECT) - Some local kids who have had trouble finding a place to live will soon call the great outdoors home when they embark on a three-week adventure in Alaska. Ten high school students whose families struggle with[...]

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Car builder Vertex launches updated website

Written by Stuart Chirls, Senior Editor Vertex Railcar Corp. has officially launched its updated website, at www.vertexrail.com . The site adds additional features including a category of specialty cars, videos of special unload designs, and new pictures. The site launch complements the new 500,000-square-foot manufacturing facility on 68 acres operated by Vertex in Wilmington, N.C., which has the capacity[...]

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