Greenbrier Daily Industry News

Domestic News

Greenbrier ‘Ready for a Railcar Demand Recovery’: Cowen

GBX should post progressively improving earnings performances in fiscal year 2021, following what we expect to be a meager first quarter. Our FY21 EPS estimate of $1.62 remains unchanged, but our calendar year 2021 EPS estimate changes to $2.89, from $2.71.

U.S. Consumer Sentiment Rose in Recent Weeks

U.S. consumers grew more confident in the economy in late November and early December, with people expecting the economic conditions to improve when the country begins to exit from the coronavirus pandemic, according to survey findings released Friday. The University of Michigan's index of consumer sentiment climbed to 81.4 in the two weeks ended Dec. 9, from 76.9 in November.

FRA Issues Final Rule on Freight-Rail Brake Safety Tests

The Federal Railroad Administration (FRA) has issued a final rule that extends the amount of time freight-rail equipment can be left off-air, meaning parked with its air brake system depressurized, before requiring a new brake inspection. The final rule incorporates waivers for brake inspections, tests and equipment, while clarifying existing regulations and removing outdated provisions, FRA officials said in a press release.

Brazil Tariff-Free Ethanol Imports to Expire as U.S Talks Break Down-Source

Brazil’s tariff-free ethanol import quota with the United States will end on Monday as talks between the two countries on opening up their ethanol and sugar markets have broken down, a Brazilian government source told Reuters on Friday. This means tariffs on U.S. ethanol imports will go back to 20%, the rate imposed by Mercosur on imports from outside the bloc, said the source who requested anonymity because he is not authorized to speak to the press.

US Steel Market Prices Expected to Continue Climb: Platts Survey

Sentiment was very firm in the US steel market heading into December, according to the monthly US steel sentiment survey by S&P Global Platts, with all participants expecting higher steel and raw material prices in coming weeks, and most expecting increased production and declining inventory levels. In the survey of US producers, distributors, traders and end-customers, conducted in the run-up to December, the index for steel price development was at 86.8, indicating broad expectations of an increase (an index of 50 indicates stability).

BNSF Ready for Business in Kansas, Missouri and Texas

Western U.S. railroad BNSF (NYSE: BRK) has named three locations in Kansas, Missouri and Texas to be part of its Certified Sites industrial development program. The sites, all of which have access to BNSF’s network, have been evaluated for their usability and infrastructure, making them eligible to be part of the railroad’s industrial development program.

Huron Central Railway Shutdown Date Extended to June 2021

Genesee & Wyoming Canada Inc. (GWCI) will extend operation of Huron Central Railway service until June 30, 2021, Canadian news outlets reported late last week. GWCI's previously announced end-of-service date was Dec. 18.

Schneider Bulk Express Intermodal expands to Canada via CN

Schneider earlier this month expanded its Bulk Express Intermodal service into and out of Canada, the Wisconsin-based transportation and logistics company announced last week. Containers, which can haul up to 45,600 pounds of specialty chemical and liquid payloads, travel by CN rail service to and from the Toronto ramp.

Wind Turbine Blades Can’t Be Recycled, So They’re Piling Up in Landfills

A wind turbine’s blades can be longer than a Boeing 747 wing, so at the end of their lifespan they can’t just be hauled away. First, you need to saw through the lissome fiberglass using a diamond-encrusted industrial saw to create three pieces small enough to be strapped to a tractor-trailer.

International News

Türasas Started Fast

The new rolling stock manufacture company, Turasas, started fast. Turasas, which was founded in March 2020 by merge of 3 affiliate companies of TCDD, Tuvasas, Tulomsas and Tudemsas, took attention with a couple of important initiatives in its first year.

European Commission Calls for Conversion to Zero-Emission Vehicles by 2050

The European Commission is aiming to convert nearly all cars, buses and heavy-duty vehicles to zero emissions by 2050. That is one of the key takeaways from the EU Commission’s Sustainable and Smart Mobility Strategy for European transport released Wednesday. It includes new emission reduction strategies, freight shifting goals and digitization techniques.
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