RailWorks acquiring NARSTCO
Track construction and maintenance services provider RailWorks Corp. has finalized an agreement to acquire NARSTCO, a manufacturer of steel crossties and turnout crosstie sets.
Track construction and maintenance services provider RailWorks Corp. has finalized an agreement to acquire NARSTCO, a manufacturer of steel crossties and turnout crosstie sets.
The New York Metropolitan Transportation Authority (NYMTA) has awarded RailWorks Corp. subsidiary L.K. Comstock & Company Inc. two contracts worth a combined $74.3 million for underground electrical substations on the New York City Transit (NYCT) Canarsie “L” line in Brooklyn. Both projects will increase power capacity.
Harsco Rail, Harsco Corp.’s railway track maintenance division, has landed new sales of its rail grinding machines throughout North America for service in RailWorks Corp.-conducted contract rail grinding programs. The company says its sales to RailWorks marks Harsco’s return to the North American contract grinding sector.
Kevin Riddett has been appointed President and CEO of RailWorks Corp. effective Oct. 10, 2016.
Transportation officials in El Paso, Tex., are finalizing agreements with two firms to build a $97 million, 4.8-mile streetcar line approved by City Council in 2014. The state-funded project involves refurbishing and placing back into service historic El Paso City Lines PCC cars that operated until the 1970s.
Scott Brace, who has served as president of RailWorks Track Systems, Inc., for the past five years, has retired.