Latest News Continued

The Canadian UrbanTransit Association recognizes Bombardier's achievement for 60-day streetcardemonstration project in Vancouver, Canada. At the CUTA 2010 Annual Conferenceheld in Ottawa, Canada, Bombardier Transportation received an award for theOlympic Line in the category "Exceptional Performance and OutstandingAchievement" under CUTA's National Transit Corporate Recognition Award Program.

--> ...

Cattron Group International™, a lglobal manufacturer of remote control products and professional services for the industrial, mining, commercial mobile and railroad markets, has contracted with TTechTrain SA de CV to represent the company in Mexico. They will handle all brands for the Industrial and Rail markets. Andres Duncan and Susana Duncan, along with their colleagues, have a combined experience of 86 years providing service to the railroad industry in the Americas.


--> ...

Global Railway Industries Ltd. reports that net earnings for this year’s first quarter improved to $89,000 compared to a $1.5 million net loss in the first quarter of 2009. Total revenue increased 27.3% to $18.7 million. Earnings per share improved to $0.01 compared to a loss of $0.10 in the 2009 quarter.

“Management is pleased to report Global's return to profitability during the first quarter of 2010, and the reduction of its bank debt by $1.5 million,” said Terry McManaman, chairman, president, and CEO of Global. “Global's first-quarter earnings were in line with management's expectations and can be attributed to improved profitability of the VIA Rail Canada business, as well as operational efficiencies, cost cutting initiatives, and scale economies.”

Fausto Levy, president of CAD Railway Industries Ltd., commented, “The VIA project learning curve is now essentially behind us and CADRI is showing positive margins on the locomotives currently in production. Another positive signal for CADRI is that the railroad industry may have reached the bottom in the downward cycle of railcar loadings. We believe some railroads will return stored locomotives and railcars back into revenue service by the end of the current year which could further benefit CADRI's locomotive and railcar maintenance business.”

Levy said that as of at March 31, 2010, CADRI had successfully delivered a total of 12 locomotives to VIA in accordance with the agreed delivery schedule, including four delivered during the first quarter of 2010. “Additionally, CADRI continues to bid on contracts forthe overhaul of diesel engines for mid-size to large-size organizations,” said Levy.“Management believes that CADRI is well positioned to win additional contracts during 2010 as well as bolster its locomotive and components businesses.”

“Bach-Simpson Corporation (“Bach”) increased first-quarter 2010 sales by over 15% compared to the same prior year period, although gross margin was softened by the impact of a strengthening Canadian dollar, which approached parity with the U.S. dollar, and by the temporary delay of new, higher margin development projects,” said McManaman. “Bach's backlog as at March 31, 2010 was more than $8.5 million, still robust, although down from $9.7 million at December 31, 2009.”

--> Global Railway Industries Ltd. reports that net earnings for this year’s first quarter improved to $89,000 compared to a $1.5 million net loss in the first quarter of 2009. Total revenue increased 27.3% to $18.7 million. Earn ...

Keolis Rail Services America is nearly done hiring about 45 train engineers and conductors to operate Virginia Railway Express trains, which the company will take over from Amtrak beginning June 28. At least eight of those hired reportedly come from New Jersey Transit Corp., which has put some of its operating personnel on furlough due to budget cuts.

vre_logo.jpg

Overall, Keolis has hired 15 of the needed 18 train engineers, and 15 of the 27 needed train conductors, said Steve Townsend, Keolis America executive vice president. “I think probably in the next week, week and a half, we’ll have filled most of the positions, if not all,” Townsend said.

Townsend said Keolis has a five-year contract to run VRE trains, with two five-year renewal options. All Keolis engineers and conductors will complete the required training in the VRE service area and in Union Station, Washington, D.C., by June 28.

--> Keolis Rail Services America is nearly done hiring about 45 train engineers and conductors to operate Virginia Railway Express trains, which the company will take over from Amtrak beginning June 28. At least eight of those hired reportedly come from New Jerse ...

Ansaldo STS USA Monday announced its VitalNet™ Current Sensor for use in Positive Train Control applications, as mandated for most Class I rail rights-of-way by the Rail Safety Improvement Act of 2008. The company says the VitalNet Current sensor reduces the labor and improves quality and safety.

ansaldo_sts_logo.jpg

Ansaldo STS USA will display the new product at the RSSI C&S Exhibition in Omaha, Neb., May 18 and 19, and will formally present the productin the RSSI Innovation Theater at 5:00 p.m. Tuesday, the 18th.

The current sensor combines the best current-sensing technologyavailable into one device: a small, light package, diversity in detection and closedloop control capability. The form factor allows for installation without disarrangement, providing simple PTC installation on lamp signals, the company says.

The VitalNet Current Sensor is a prewired solution thatfeatures upper and lower current sensing tabs—in between are two currentmeasuring elements. Each element is able to make individual measurements that the controller can compare for diversity. In combination with voltage detection, the current sensor allows for full vital signal detection for both AC and DC currents.

Other new Ansaldo STS USA products that will be featured atRSSI include: the VitalNet Point Monitor—hand throw switch monitoring for PTC; the VitalNet WIU, a  stand-alone wayside interface unit; MicroLok® II VitalNet CPU, a wayside interface unit upgrade for PTC in existing interlocking locations; and RailSentry™, a security product. 

--> Ansaldo STS USA Monday announced its VitalNet™ Current Sensor for use in Positive Train Control applications, as mandated for most Class I rail rights-of-way by the Rail Safety Improvement Act of 2008. The company says the VitalNet Current sensor reduce ...

Union Pacific announced that it has increased its 2010 capital expenditure program by $100 million in growth capital to a total of $2.6 billion. The railroad said the additional $100 million will be used primarily to buy new intermodal equipment “and support our intermodal strategy.” The action was taken at a board meeting in Omaha May 6.

up_logo.jpg

“UP's domestic intermodal business grew 8% last year during one of the worst recessions in decades, as our record service performance attracted new business to our railroad,” said Jim Young, Union Pacific chairman and chief executive officer.

UP’s board of directors also voted to increase the quarterly dividend on the company’s common shares by 22% to 33 cents per share, payable July 1, 2010, to stockholders of record on May 28, 2010.

“With business volumes continuing to grow, we feel very positive about the long-term fundamentals of our business as well as UP's strategy to make the most of these opportunities,” said Young. “As a result, we are generating solid free cash flows and have confidence going forward that we are taking the right steps to capitalize on our growth opportunities and reward our shareholders.”

UP also said it plans to resume share repurchases on an opportunistic basis under its existing program, which authorizes purchases of up to 32.6 million shares by March 31, 2011.

--> Union Pacific announced that it has increased its 2010 capital expenditure program by $100 million in growth capital to a total of $2.6 billion. The railroad said the additional $100 million will be used primarily to buy new intermodal equipment “and su ...

The States for Passenger Rail Coalition has sent Congress a request for 2011 funding that includes a $2.5 billion appropriation for grants under the High Speed Intercity Passenger Rail program, the same level sought for 2010, plus $1 billion for “next generation” intercity passenger rail equipment development.

“The states are ready to step up to the plate in partnership with the federal government to create a better intercity passenger rail program than ever before,” said the coalition, an alliance of state departments of transportation that was established in 2000.

Noting that the states’ focus is on “safety, economic development, energy security, and conservation and environmental quality,” coalition members also asked the House Appropriations Subcommittee on Transportation, Housing and Urban Development for $100 million for the positive train control program; $55 million for the Swift High-Speed Rail Grade Crossing Elimination Program; and $45 million for the Rail Line Relocation program.

The coalition said it supports Amtrak’s separate request for$2.2 billion to address “a broad array of daunting challenges [including] meeting ADA requirements, operating over an ever-aging infrastructure, and assisting the states in development of a national intercity passenger rail system.”

 

--> The States for Passenger Rail Coalition has sent Congress a request for 2011 funding that includes a $2.5 billion appropriation for grants under the High Speed Intercity Passenger Rail program, the same level sought for 2010, plus $1 billion fo ...

Bombardier Transportation capped a busy corporate news week Friday by announcing a contract to implement European Rail Traffic Management System (ERTMS) Level 2 technology in Poland. The company says the deal with Polish State Railway (Polskie Linie Kolejowe, or PKP) is the first installation of ERTMS Level 2 technology in Poland, and is valued at $17 million.

bombardier_logo.jpg

Bombardier will oversee the supply, installation, testing, and commissioning of its INTERFLOR 450 ERTMS Level 2 onboard and wayside signaling system to be installed on the section of the E30 main line between Legnica, Wegliniec, and Bielawa Dolna. The project is part of the modernization program of the pan-European transport corridors which will ensure interoperability on railway lines in Poland.

The system will be developed and delivered by Bombardier Transportation Rail Control Solutions sites in Sweden and Poland, and is scheduled to go into operation in April 2012.

Anders Lindberg, president, Bombardier Transportation Rail Control Solutions, said, “As pioneers of ERTMS technology, we are extremely pleased to win this significant order which strengthens Bombardier’s market lead in ERTMS and brings ETCS Level 2 technology to Poland, extending the network across Europe.”

--> Bombardier Transportation capped a busy corporate news week Friday by announcing a contract to implement European Rail Traffic Management System (ERTMS) Level 2 technology in Poland. The company says the deal with Polish State Railway (Polskie Linie Kole ...

RailPros, Inc. says it has opened an office in downtown SanDiego “to better serve our San Diego-area clients.” The office is located at401 B Street, Suite 310, San Diego, CA 92101; telephone: (619) 795-0325.  RailPros already has office locations in Los Angeles and its company headquarters in Irvine, Calif.

railpros_logo.jpg

The San Diego office is headed by Mike Ruth and Joe Aroyo,who both are managing projects for the San Diego Association of Governments (SANDAG), San Diego’s CenterCity Development Corp. (CCDC), and North County Transit District (NCTD), all within San Diego County.

The company also noted Joe Zerzan has joined RailPros as asenior signal manager; Zerzan is based in Los Angeles, where he is the leadtechnical adviser for the Metrolink Positive Train Control project.

 

--> RailPros, Inc. says it has opened an office in downtown SanDiego “to better serve our San Diego-area clients.” The office is located at401 B Street, Suite 310, San Diego, CA 92101; telephone: (619) 795-0325.  RailPros already has ...
Norfolk Southern Chief Executive Officer Wick Moorman told shareholders at their annual meeting in Williamsburg, Va., Thursday that the “longer-term prospects for Norfolk Southern and the rail industry remain very bright.” ...
458
Page 458 of 597