Koppers Inc. has acquired the creosote distribution business of KMG Chemicals, Inc., for $12.5 million plus the fair market value of inventory, which is estimated at $3 million. In addition to inventory, the acquisition includes the transfer of leased railcars and storage tanks from KMG to Koppers, as well as various customer agreements. Operating results from this business will be included in Koppers Carbon Materials and Chemicals business segment.
RailComm completed the installation of an advanced remote switch and third rail heater control system for the Southeastern Pennsylvania Transportation Authority (SEPTA).
L.B. Foster Company acquired TEW Engineering Ltd., a U.K.-based engineering group that designs, manufactures and supports applications for rail markets and other industries. The 100-year-old firm specializes in rail engineering solutions for control room, passenger information and trackside signaling applications.
BNSF announced plans for a $6-billion capital expenditure program in November and has revealed more details about where and on what the money will be spent.
Canadian National has negotiated a tentative labor agreement with the Teamsters Canada Rail Conference-Rail Canada Traffic Controllers (TCRC-RCTC) union.
Claude Mongeau, president and chief executive officer of Canadian National, says CN's substantial investments in its U.S. Midwest operations, particularly the former Elgin, Joliet and Eastern Railway (EJ&E), are keeping its network fluid,
In its investigation report, the Transportation Safety Board of Canada (TSB) determined that a Canadian Pacific train derailed when a wheel flange struck and climbed a switch point and then fell between the switch point and the rail.
CSX, in partnership with North Carolina Department of Transporation, will begin construction on a series of projects to build universal crossovers on the CSX A-line in three eastern North Carolina locations: South Weldon, Enfield and Rocky Mount. Construction at the three project locations will include grading, drainage improvements, track and signal construction.
Continental Rail Corporation (CRC) says it has established a strategic relationship with energy and infrastructure banking firm Taylor-DeJongh that will target transportation infrastructure assets in North America.
The Fort Worth Transportation Authority (The T) appointed Bob Baulsir to vice president of TEX Rail and Procurement.