Latest Rail News

L.B. Foster Company said it is extending its previously announced cash tender offer, through its wholly-owned subsidiary Foster Thomas Company, for all outstanding shares of common stock of Portec Rail Products, Inc., until 12:00 midnight, New York City time, on August 30, 2010. The tender offer was previously set to expire at midnight, New York City time on August 16, 2010.


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With the most significant transit-service changes in years coming on August 30, Metro employees in St. Louis will be at MetroBus Transfer Centers and MetroLink stations on weekdays until then to provide customers with information on changes coming to 53 MetroBus routes. Teams of Metro employees serving as "ambassadors" will meet with customers during the morning and afternoon rush hours with details.

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CXT, Inc., a wholly owned subsidiary of L.B. Foster Company of Pittsburgh, Pa., has been awarded a contract by City of Calgary Light Rail Transit to supply 14,500 CXT Concrete Ties and fastening systems for use in the construction of line extensions to expand the system to the northwest and northeast of Calgary, Alberta. CXT concrete ties began shipping for this project in June from L.B. Foster's Spokane, Wash., facility and will complete delivery by November 2010.

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CSX Transportation has set December as its target to complete $10 million in upgrades and improvements at its freight yard off Day Street in West Springfield, Mass., The Republican reports. The work, which started in July, will consist mostly of extensive paving with an elaborate retention basin system for capturing and cleansing runoff before discharging the water into the city's storm water system, according to Maurice J. O'Connell, a regional vice president for CSXT.

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MTA Metro-North Railroad timetables change on Monday, August 30 to accommodate a major, multi-year Connecticut Department of Transportation catenary and bridge improvement project on the New Haven Line.

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Founded during the Great Depression, and now smack in the middle of the Great Recession, Holland LP is still on track and showing no signs of slowing, the Southtown Star reports. But that should come as no surprise because that is exactly what Holland LP does best - keep things, or more specifically, trains, on track.

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NJ TRANSIT is seeking $885 million in new federal funding for the renewal and replacement of key infrastructure on the Northeast Corridor, such as aging bridges, power supply and signal systems between Trenton and New York City, Web site njtoday.net reported.

 

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Unit Rail, the rail fastening division of Amsted Rail, appointed John Stout director of sales, responsible for sales and marketing activities in North America for both the Unit Rail and Advanced Track Products brands.

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The governor's office remains hopeful that Iowa and Illinois will secure funding to establish a passenger rail route from Iowa City to Chicago when federal dollars are handed out next month, the Iowa City Press Citizen reports.

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Union Pacific is investing nearly $9 million to improve the rail line from Ogallala, Neb., to near Cheyenne, Wyo. Work on two projects covering more than an 85-mile stretch of railroad track began August 8 and is scheduled to be completed by mid-September. One section is between west of Ogallala to Julesburg, Neb., and the second project is west of Sidney, Neb., to near Cheyenne, Wyo.


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