Freight Cars

Hans von Lange, 1923-2020

Hans von Lange, an iconic figure in the global railway maintenance-of-way supply industry, died Nov. 16, 2020. He was 97. Son Michael Lange, one of nine children and head of Exton, Pa.-based Globe-Connect LLC, provided the following memorial for his father, who he says “lived a life full of adventure, challenges, dangers, failures and successes”:

Trinity, NS, GATX, G&W, Watco Form RailPulse JV

Five major rail industry companies—Trinity Industries, Norfolk Southern, GATX, Genesee & Wyoming and Watco Cos.—have entered into a joint venture called RailPulse that is “expected to accelerate rail modal transformation through the advancement of GPS technology and other telematics across the North American railcar fleet.”

Railway Age 20 Under 40 Awards Open for Entries

Railway Age is now accepting entries for its 2021 “Fast Trackers” 20 Under 40 awards, in which we will profile 20 individuals under the age of 40 who have made an impact in their respective fields or within their company. For our fifth annual awards, we have increased the number of honorees from 10 to 20, due to a growing number of entries and outstanding candidates. Once again, Michigan State Center for Railway Research & Education Director Nick Little will judge the entries. Those representing the “best of the best” will be featured in Railway Age’s February 2021 issue. The deadline is Jan. 7, 2021.

“By moving all production to Mexico by early 2021, we have reset our cost-base and are multiple steps closer to reaching our goal to become the highest quality and lowest cost producer in the industry,” FreightCar America President and CEO Jim Meyer said.

FCA 3Q20: Revenues Down, Business Repositioning Continues

FreightCar America (FCA) has reported its third-quarter 2020 results, including consolidated revenues of $25.2 million on deliveries of 163 railcars—a 38% drop from the year-earlier period’s $40.7 million on deliveries of 467 railcars—as the industry “remains in a cyclical downturn, which was intensified by the pandemic.” The company continues to move all railcar production to its new Mexico facility by early 2021.

(Union Pacific)

System Safety, Part 2: A Value-Added Business Driver

RAILWAY AGE, NOVEMBER 2020 ISSUE: Industry 4.0 (also known as the Fourth Industrial Revolution) is a reality. Railroads, including their partners in the transportation supply chain, are at the beginning of their journey to establishing true end-to-end digital continuity. For example: Industrial Internet of Things (IIoT); Positive Train Control (PTC) and Enhanced Train Control (ETC); and AI (artificial intelligence)-based automation such as expanding autonomous inspection to include predictive analytics for track data.

Wabtec Recommends Stockholders Reject TRC Capital’s ‘Mini-Tender Offer’

Wabtec Corp. reported it has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corp., a private Canadian investment firm, to purchase up to two million shares of Wabtec’s common stock at a price of $59.25 per share in cash.