Matt Rose at REF 2019: It’s about growth—not cutting

RAIL EQUIPMENT FINANCE 2019, LA QUINTA, CALIF, March 5: BNSF Executive Chairman Matt Rose, nearing retirement, shared his views on the rail industry with Railway Age Editor-in-Chief William C. Vantuono and more than 400 attendees at Railroad Financial Corporation’s annual conference, organized by RFC President and Railway Age Financial Editor David Nahass and his staff. Rose talked extensively about Precision Scheduled Railroading (PSR), business growth, advanced technology and other topics.

Battery-powered railcar mover

DJ Products has just released the RailCarCaddy Rail Car Mover, a battery powered, compact mover “that makes moving railcars weighing up to 200,000 pounds entirely effortless, safer and easier,” the company says.

TTCI names Moreira Executive Director Business Development

Transportation Technology Center, Inc. (TTCI) has named Karalyn Moreira as Executive Director of Business Development. She joins TTCI after spending the past 17 years in Brazil as Commercial Director for Scomi Engineering, Bhd., and as Director of Business Development Operations for HKM Solucoes Tecnologicas.

Wabtec completes GE merger, posts strong financials

Wabtec Corporation has completed its merger with GE Transportation. The combined company, which is expected to boast revenues greater than $8 billion in 2019, has a compelling growth profile—especially as market conditions improve in its industries. Wabtec announced the transaction completion at the same time as its 4Q18 and full-year 2018 financials.

Trinity 4Q18: Orders, backlog grow

Trinity Industries, Inc., in announcing financial results for the fourth quarter and full year ended Dec. 31, 2018, reported that its Rail Products Group posted railcar orders and deliveries of 8,045 and 5,285, respectively, during the fourth quarter, compared to orders and deliveries of 3,180 and 6,150, respectively, during the same period last year. The railcar backlog at year’s end stood at $3.6 billion, compared to $2.2 billion on Dec. 31, 2017.

Simmons-Boardman Rail Group named Railway Interchange media partner

Railway Interchange, the largest exhibition and technical conference in North America, on Feb. 20 announced that Simmons-Boardman Rail Group, publisher of Railway Age, Railway Track & Structures (RT&S) and International Railway Journal (IRJ), is the official media partner for 2019. Railway Interchange is scheduled on Sunday, Sept. 22 through Wednesday, Sept. 25 at the Minneapolis Convention Center, Minneapolis, Minn.

NPRS expanding to Grand Forks

Northern Plains Rail Services (NPRS) is set to begin construction later this year on the Grand Plains Rail Center, a new railcar servicing and repair facility at Grand Forks, N. Dak. The facility will complement NPRS’s existing repair facility at Erskine, Minn., as well as its mobile car repair operations in North Dakota, Minnesota, and Saskatchewan and Alberta provinces in Canada.

Keasling joins RGCX

Rail industry veteran Mike Keasling has joined Marietta, Ga.-based railcar leasing company RGCX as Vice Presiden, Sales & Marketing. Based in Chicago, he will take on a national role “focused on deepening existing and developing new client relationships across the industry,” the company said in announcing his appointment.

Alberta inks CBR deal with CN, CP

The Alberta Petroleum Marketing Commission (APMC) has signed contracts with CN and Canadian Pacific to utilize 4,400 DOT117 tank cars to transport oilsands crude (bitumen) to U.S. and international markets. Alberta Premier Rachel Notley announced the plan, which also includes locomotive leases, on Feb. 19.

BNSF 2019 capex: Up 5% to $3.57 billion

BNSF Railway will invest $3.57 billion in capital in 2019—a 5% increase from 2018—toward “maintaining and expanding its network with an unwavering focus on operating a safe railroad that meets customers’ demands.”

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