Greenbrier Daily Industry News

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FreightCar America Announces Expansion into Tank Cars

A New agreement leverages FreightCar America’s capabilities by adding tank car conversions to diversified offerings. Each tank car will be upgraded to meet the latest federally mandated advancements, ensuring optimal safety, efficiency, and performance.

Trinity Industries Announces Second Quarter 2024 Results

The company reported quarterly GAAP and adjusted earnings from continuing operations of $0.67 and $0.66 per diluted share, respectively. The lease fleet utilization was at 96.9% and the Future Lease Rate Differential was positive at 28.3% at the end of the quarter.

Trinity Rail Nets $10 Million in Corrosion Damages

A Texas appeals court said that Trinity Industries Leasing Company is entitled to the full $10.6 million verdict that a jury previously awarded the company, finding that corrison on a railcar by itself didn't trigger limitations on Trinity's breach claim.

Valero Reports Strong Q2 for Renewables

Valero released second quarter financial results on July 25, reporting strong performance for both its ethanol and renewable diesel segments. The company’s sustainable aviation fuel project in Texas remains on track to begin operations later this year.

Phillips 66 to Begin SAF Production at Rodeo Biorefinery in Q3

Phillips 66 on July 30 confirmed its Rodeo Renewable Energy Complex in California will begin producing sustainable aviation fuel during the third quarter. The company also expects renewable diesel margins to improve later this year.

CN Issues 2024-25 Grain Plan

CN on July 31 published its 2024-25 Grain Plan, an action plan required by the government of Canada to meet the volume of grain expected to move this crop year.

DOW Earnings Decline on Lower Plastics Margin

DOW reported second-quarter net income of $458 million, down 8.6% year on year on lower margins in packaging and specialty plastics. 
 
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