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11/11/2025
FreightCar America Inc. reported third-quarter 2025 revenue of $160.5 million, up from $113.3 million in the same quarter a year ago; rail-car deliveries of 1,304 units versus 961 units in the prior year period; and gross profit of $24.2 million compared to gross profit of $16.2 million in Q3 2024. The company posted a $17.6 million noncash adjustment due to share price appreciation resulting in a net loss of $7.4 million, or 23 cents per share; and adjusted net income of $7.8 million, or 24 cents per share. The company ended Q3 2025 with a backlog of 2,750 units valued at $222 million, reflecting a diversified mix of rail-car conversion programs and new rail-car builds, according to a company press release.
CLR (formerly County Line Rail) appointed Bryan Boaz chief commercial officer. He began his career as a conductor at Kansas City Southern and went on to lead ExxonMobil's North American rail program, according to a CLR press release. "That combination of ground-level railroad knowledge and strategic commercial execution is exactly what we need as we scale CLR into a national platform," said CLR CEO Ben Brosseau. Most recently, Boaz led Gulf Coast rail operations for ExxonMobil's supply chain organization, managing key Canadian assets and maintaining oversight of more than 100 agreements for rail-car switching, storage and transloading across North America. Meanwhile, CLR launched its new website (www.clrail.com) to support the company's national expansion strategy and showcase its strategic rail infrastructure capabilities.
Hitachi Rail and Tobu Railway Co. of Tokyo have entered into a strategic partnership to implement Hitachi’s HMAX, its next-generation digital asset management platform, on Tobu Railway’s train. The co-creation will focus on advancing the digital transformation of rolling stock maintenance, according to Hitachi Rail press release. Hitachi Rail is applying artificial intelligence technologies to transform mobility. In 2024, the company launched HMAX, its digital asset management platform, which harnesses Nvidia's AI and machine learning capabilities to optimize railway systems and infrastructure.
Schneider National Inc. has introduced Schneider Fast Track, a premium intermodal service designed for shippers with time-sensitive and high-service freight needs. Fast Track combines Schneider’s extensive asset-based truckload and intermodal capabilities with strategic rail partnerships to create a network of fast, consistent intermodal lanes selected specifically for their competitive differentiation and transit consistency, Schneider officials said in a press release. The Fast Track services already have delivered the following results for shippers: up to two days faster transit than competitors on key U.S. and Mexico lanes; more than 95% on-time performance; and lower costs, they said.
STV Inc. has tapped Joseph Leader to serve as vice president and engineering director for the firm's transportation North operating group. He has over 30 years of senior leadership experience, including managing inspections, design reviews and testing of emerging railway technologies to ensure resilient and high-performing rail networks, according to an STV press release. Prior to STV, Leader helped develop MTA New York City Transit’s FastTrack program; led data-driven initiatives at Washington Metropolitan Area Transit Authority; and deployed innovative technologies and planned long-term infrastructure projects for Massachusetts Bay Transportation Authority, the Metropolitan Transportation Authority/NYCT and WMATA.