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James Read

Managing Director at Jefferies Private Wealth Management in at Jefferies Financial Group Inc.

James Read is a Managing Director at Jefferies Private Wealth Management in Atlanta, specializing in providing tailored investment solutions for high-net-worth individuals, families, and institutions. He has covered a broad spectrum of clients throughout his career, including wealthy families and hedge funds during his time at Goldman Sachs, though specific public company coverage and quantitative track record metrics such as TipRanks rankings or published returns are not available in public sources. James began his career at Goldman Sachs before joining UBS Financial Services as a Director, later moving to Jefferies after founding Read Capital Management; he holds an MBA in Finance from Emory University and a BS in Civil Engineering from the Virginia Military Institute, with professional credentials accessible via FINRA’s BrokerCheck.

James Read's questions to WESTINGHOUSE AIR BRAKE TECHNOLOGIES (WAB) leadership

Question · Q3 2025

James Read asked for color on the strong pipeline in North America, specifically regarding customer activity, order trends, and key drivers. He also inquired about the details included in the $4.2 billion Kazakhstan contract win and when it is expected to begin converting into revenue.

Answer

President and CEO Rafael Santana highlighted that North American fleets are aged (over 25% over 20 years old, excluding modernizations) and a significant portion are still DC locomotives, presenting opportunities for modernization to AC, control system upgrades, and fleet size reduction. He views fleet renewal as a non-discretionary lever for improving operating ratios, service quality, and competitiveness. Regarding Kazakhstan, Santana stated the contract provides coverage for a growing region driven by volume growth, new rail lines, and fleet renewal. CFO John Olin specified that the deal includes 300 locomotives over 10 years and extended service agreements for existing and new locomotives, averaging over 15 years.

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