The Ladue, Mo., Police Department has confirmed the death of Steven L. Beal, President and CEO of NRE.
GBX Fiscal 3Q2020: “Liquidity Target Achieved, Backlog Provides Forward Visibility” as Furman Postpones Retirement
The Greenbrier Companies, Inc., in its third fiscal quarter ended May 31, 2020, achieved its $1 billion liquidity target and generated operating cash flow in excess of $220 million, with a backlog of an estimated value of $2.7 billion. Concurrently, the company reported that Bill Furman will remain as Chairman and CEO for another two years.
Railroad Financial Corporation (RFC) recently hired Roger Kelly as a Vice President.
After just over two years at the helm, Railway Supply Institute (RSI) President Mike O’Malley is leaving the organization at the end of July. O’Malley, who has served as RSI’s leader since early 2018, is “pursuing an opportunity with a corporation outside the Washington, D.C. area,” RSI said in an announcement. O’Malley joined the organization after serving in a government relations capacity with CSX.
Kerstin Schulz, Show Director of InnoTrans, discusses the transition of InnoTrans 2020 to InnoTrans 2021, as well as the new elements that will be debuting at its next gathering, with Railway Age Editor-in-Chief William C. Vantuono.
Kansas City Southern on July 1 implemented several organizational changes “designed to further support the company’s ongoing Precision Scheduled Railroading (PSR) strategy and provide development opportunities for several KCS leaders.”
CN has announced that it will invest C$540 million (US$394.3 million) in its infrastructure in the provinces of Alberta and Quebec.
After completing customization work to meet the 1,525mm gauge requirements at Tulomsas in Turkey, Wabtec has delivered the first two of nine PowerHaul locomotives to Operail in Finland. They’re undergoing testing and certification, after which they’ll be able to go into service.
RailSolutions, LLC has named Mike Mahoney as Senior Vice President, effective June 22, 2020. In his new role, Mahoney will be responsible for customer relationships and day-to-day projects.
The U.S. Department of Transportation (USDOT) and the Pipeline and Hazardous Materials Safety Administration (PHMSA), in consultation with the Federal Railroad Administration (FRA), issued on June 19 a final rule authorizing the bulk transportation of liquefied natural gas (LNG) by rail.