Wyoming reported second quarter net income of $20.6 million or 49 cents per
diluted share, exceeding the Wall Street estimate of 44 cents. This compares
with earnings of $7.4 million or 20 cents per share in the second quarter of
Downing, one of the great railroaders of the Twentieth Century, died Aug. 2 at
the age of 96.
infrastructure investment arm of Ontario Municipal Employees Retirement System,
and Ontario Teachers' Pension Plan are reported to be considering o a joint
offer for High Speed 1, which has a 30-year concession to run a 68-mile
high-speed rail line from central London to the Channel Tunnel.
Rail announced Tuesday that it has acquired 2,370 mill gondolas, flatcars, coal
gondolas and hoppers valued at more than $100 million. No further details were
Services, a wholly-owned subsidiary of Caterpillar Inc., announced that it has
completed the acquisition of Electro-Motive Diesel from Berkshire Partners LLC
and Greenbriar Equity Group LLC. The terms are $820 million in cash, plus a net
working capital adjustment subject to post-closing finalization, currently
estimated at approximately $108 million.
Geneva, Ill.-based Miner Enterprises says the Canadian Patent Office has recently awarded Miner a patent on its 42 x 42AutoLOK II™ outlet gate. Miner says the move comes “[i]n conjunction with standing 42 x 42 AutoLOK™ II U.S. patents and Mexico patents.”
The AutoLOK II is easy to open and close and stays locked. It features Miner’s patented lost-motion mechanism system, which allows the opening force to be applied directly to open the slide door, reducing the risk of gate damage. The AutoLOK II meets all GEAPS and AAR S-233-92 specifications to improve unloading operations in a wide variety of demanding applications.Because of its enlarged clear opening, the AutoLOK II unloads dried distillers grain (DDG) and dried distillers grain with soluables (DDGS) with ease. Miner also offers a 42 x 52 AutoLOK II to the DDG market.
Ellcon National, a subsidiary of Faiveley Transport, and Amsted Rail have created a joint venture that Faiveley Chairman and CEO Robert Joyeux says "will enable heavy haul railcar customers to purchase complete systems with a wider range of components from a single supplier.”
“Ellcon National’s existing brake component portfolio will be integrated with Amsted Rail’s extensive undercarriage systems enabling railcar designers and their customers to access an unprecedented component engineering team,” said John Wories, president of Amsted Rail.
An announcement Friday said the partnering will produce "synergies [that] will enhance railcar performance and increase the life cycle savings of an Amsted Rail–Ellcon National equipped railcar."
The two companies have independently provided freight car systems for more than 100 years.