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KeyBanc: Wabtec story "intriguing"
During much of fourth-quarter 2015, investor interest in Wabtec (Westinghouse Air Brake Technologies Corp.) has increased due to concerns about the North American railcar cycle, Wabtec’s pending acquisition of Faiveley…
Greenbrier new business: 1,800 railcars, $170 million
The Greenbrier Companies, Inc. on Dec. 15, 2015 announced that, since Sept. 1, 2015, the beginning of its fiscal year, it has received orders for approximately 1,800 railcar units valued…
Cowen and Company: Greenbrier "thinking outside the tank"
Cowen and Company’s Matt Elkott expects freight car builder The Greenbrier Companies (GBX) “to make strategic adjustments to position itself well amidst changing railcar dynamics, potentially through acquisitions.”
Amsted Rail to produce one million wheels for CN
Canadian National Railway (CN) announced on Dec. 10, 2015 a new long-term contract with Amsted Rail to produce one million wheels for use at its Transcona mechanical facility.
Miner Rail Products Division earns AWS accreditation
Miner Enterprises Inc. has earned the Certified Welding Fabricator (CWF) accreditation from the American Welding Society (AWS) for its Rail Products Division facility in Saltillo, Mexico. The AWS awards the…
FAST Act on the fast track to approval
Congressional conferees on Dec. 1, 2015 reached an agreement on the Fixing America’s Surface Transportation (FAST) Act, a five-year surface transportation reauthorization bill and the first long-term bill of its…
Metalex, Unity partner up
Metalex, a Jason Company, announced on Nov. 20, 2015 a new, authorized distribution partner in Unity Railway Supply to distribute Morton Rail Products—the source for safe walking surfaces to the…
LRIW seeks nominations for board of directors
The League of Railway Industry Women (LRIW) announced Nov. 17, 2015 that it is seeking candidates to serve on the organization’s board of directors. The LRIW board represents a cross-section…
Wabtec receives $26 million order for Saudi Arabia Railway
Wabtec Corporation has received an order valued at about $26 million to provide components, including electronically controlled pneumatic (ECP) braking equipment, for 1,186 freight cars to be built for the…
RSI batting 1.000 on H.R. 3763
H.R. 3763, the Surface Transportation Reauthorization and Reform Act, the six-year transportation bill passed on Nov. 5, 2015 by the U.S. House of Representatives, included all major recommendations for which…
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