Portec Rail Products, Inc.,
had unaudited net income of $864,000 or $0.09 per share for the three months
ended June 30, 2010, and $1,321,000 or $0.14 per share for the six months ended
June 30, 2010. Results for the three and six months ended June 30, 2010 include
charges of $0.23 and $0.33 per share for expenses related to the proposed
merger with L.B. Foster Company, which was announced on February 17, 2010.
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.