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Altus acquires Rocla Concrete Tie
Altus Capital Partners, an investment firm focused on middle-market manufacturing companies in the U.S., has acquired Rocla Concrete Tie, Inc., manufacturer of pre-stressed concrete railroad ties.
CP increases 2013 capital investment
Canadian Pacific (CP) will move forward certain capital spending projects originally targeted for 2014 into this year, funded by a higher than anticipated 2013 cash-flow projection. CP will be investing…
Joseph Leader to head NYCT’s Department of Subways
Veteran transit manager Joseph Leader has been named New York City Transit's (NYCT) acting senior vice president, Department of Subways, filling the position most recently held by Carmen Bianco, who…
UP earns logistics award
Union Pacific (UP) earned Nissan Motor Company's 2012 Logistics Carrier Conference Logistics Success Story Award, which identifies carriers and providers that went above and beyond normal expectations in the past…
BLET celebrates 150th anniversary
The Brotherhood of Locomotive Engineers and Trainmen will celebrate its 150th anniversary on May 8; the union was founded on May 8, 1863.
Watco names new COO
Watco Mechanical Services (WMS) named Mark Peterson-Overton as chief operating officer. He will be responsible for managing all hands-on operational aspects of Watco Mechanical Services on a daily basis.
Gross & Janes enters into crosstie agreement with Boatright
Gross & Janes Co. has entered into an agreement to manage and operate two green crosstie processing facilities owned by Boatright Railroad Products in Montevallo and Clanton, Ala.
CTA seeks bids for $203-million Wilson Red Line station construction
The Chicago Transit Authority (CTA) has issued an Invitation for Bids, seeking a general contractor for the $203-million reconstruction of the Wilson Red Line station. Work is tentatively scheduled to…
ARDA annual meeting speakers confirmed
The 107th American Railway Development Association Annual Meeting June 2-5 in San Francisco, Calif., will feature presentations from a long list of industry professionals.
Feds provide $30.2 million to Amtrak for Sandy repairs
The Federal Railroad Administration has released $30.2 million to Amtrak to repair damage caused by Hurricane Sandy along its Northeast Corridor. The funding comes from the Disaster Relief Appropriations Act…
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