Safety

RTA, UIUC sponsoring two educational events

In June 2014, the Railway Tie Association (RTA) and the Rail Transportation and Engineering Center (RailTEC) at the University of Illinois at Urbana-Champaign (UIUC) will host joint activities that will provide educational and networking opportunities relating to crossties and fastening systems. These events are expected to draw domestic and international attendees that include rail infrastructure component designers, manufacturers, researchers, and end users such as Class I’s and transit operators.

Wabtec to acquire Fandstan Electric Group

Wabtec Corporation has signed a definitive agreement to acquire Fandstan Electric Group Ltd., a rail and industrial equipment manufacturer, for about $215 million. Wabtec expects the transaction to be completed in the first quarter of 2014, subject to closing conditions and competition authority clearance.