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Wabtec acquires Longwood
Wabtec Corp. has acquired Longwood Industries, Inc., a manufacturer of specialty rubber products for transportation, oil and gas, and industrial markets, with annual sales of about $70 million. Wabtec expects…
Motion Control momentum in Russia
Amsted Rail and Russian freight car builder United Wagon Co. have entered into a joint venture to introduce heavy-haul freight rail rolling stock components into the CIS (Commonwealth of Independent…
RSI: Interchange 2013 registration deadline extended
The Railway Supply Institute (RSI) said Friday its deadline for early registration to Railway Interchange 2013 has been extended to Sept. 10 for exhibition-only and the Coordinated Mechanical Associations. The…
Crude by rail: The outlook is good
“Narrowing oil price differentials are impacting carloadings in the near term, but should not deter shippers from making long-term investments in crude-by-rail, which has many inherent logistical benefits that can…
RSI announces scholarship recipients
Railway Supply Institute President Tom Simpson announced that the RSI Scholarship Committee has selected 10 students to receive $3,000 scholarships for the 2013/2014 academic year.
N.C. short line to launch locomotive repair works
Star, N.C.-based Aberdeen Carolina & Western Railway Company (ACWR) has formed a new subsidiary, ACWR Shops, LLC, that repairs and retrofits locomotives, as well as passenger and freight cars, the…
Chicago Freight Car Leasing promotes Wilensky
Chicago Freight Car Leasing Co., a subsidiary of Sasser Family Holdings, has named long-time employee Jay Wilensky Vice President, Accounting & Finance.
Greenbrier, CIT Rail enter into railcar maintenance agreement
The Greenbrier Companies, Inc. has signed a multi-year maintenance supply agreement to provide CIT Rail with dedicated access to repair capacity at Greenbrier’s railcar repair and parts shop in Atchison,…
Better 2Q for L.B. Foster in 2013
L.B. Foster reported second-quarter net income of $7.3 million, or 71 cents per share, comparing favorably with a net loss of $2 million, or 20 cents per share, in the…
The Andersons acquiring railcar repair operation
The Andersons, Inc. announced Monday, Aug. 5, 2013, that it has entered into an agreement to acquire Mile Rail, LLC, a railcar repair and cleaning company headquartered in Kansas City, Mo.
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