With Railway Age since 1992, Bill Vantuono has broadened and deepened the magazine's coverage of the technological revolution that is so swiftly changing the industry. He has also strengthened Railway Age's leadership position in industry affairs with the conferences he conducts on operating passenger trains on freight railroads and communications-based train control.
Amsted Rail said Thursday it has acquired Holland, L.P.’s Hollube® Wear Eliminator product line. Final agreement is scheduled to occur Friday, May 27. After that date, all orders and shipments will be initiated through Amsted Rail Customer Service, located in Granite City, Ill. “This acquisition is strategically important because it provides our customers the option to include key wear prevention components as part of their Amsted Rail Truck and End-of-Car System purchases,” said Brad Myers, Amsted vice president of Sales & Marketing.
“The sale of the Hollube® Wear Eliminator product line will enable our organization to concentrate its efforts on engineered solutions involving our growing load securement and product protection product lines,” said Holland, L.P. Group Vice President Leonard O’Kray.
Officials in Gaston County, N.C., and Patriot Rail Corp. subsidiary Piedmont & Northern Railway seek to re-establish freight service linking Gastonia and Mount Holly, N.C., by this autumn on a local short line, though they believe actual resumption may not be achieved until January.
Boca Raton, Fla.-based Patriot Rail has created a subsidiary, Piedmont & Northern Railway, to operate the line. P&N Assistant General Manager Bill Bartosh says the company is making progress upgrading the line. “We have several customers we’re working with between Ranlo and Mount Holly,” he said. “A lot of people are taking a wait-and-see approach. But the reality is sinking in that the line will soon be open.”
The 13-mile P&N interchanges with CSX at Mount Holly, N.C., and with Norfolk Southern at Gastonia. The right-of-way was purchased in 1991 by the North Carolina Deparatment of Transportation. Gaston County acquired a $5 million state grant to help reopen and restore the line, and the state signed a five-year contract last year with Patriot Rail to operate the line.
FOX Business Network reporter Dagen McDowell on Tuesday, May 17, got a behind-the-scenes look at Union Pacific and the business of freight railroading—something most people rarely see or understand—as a part of the network’s American Icon series.
McDowell spent the day at UP’s Omaha headquarters, speaking with top executives about rail industry issues as well as the company’s future. Union Pacific senior staff members interviewed included Chairman and CEO Jim Young, Executive Vice President and CFO Robert M. Knight, Operations Executive Vice President Lance M. Fritz, Marketing and Sales Executive Vice President Jack Koraleski, and Car and Locomotive Engineering General Director Michael Iden.
View all the segments by accessing these links:
FBN’s Dagen McDowell with an inside look at America’s largest railroad.
Union Pacific’s Lindsay Lanoha and Matt Bosch explains why they went to work for a railroad.
FBN’s Dagen McDowell with Union Pacific's Mike Iden, on the Genset locomotive an how it operates.
Union Pacific Operation EVP Lance Fritz on managing and moving trains through a network and rail yard.
Commodity Prices and Union Pacific.