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.
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.
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.
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.
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.
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.
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.
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.
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.