Savage named CEO at Trinity Industries
Beginning Feb. 17, E. Jean Savage, who currently serves on the Trinity Board and is a Caterpillar vice president, will become Chief Executive Officer at Trinity Industries, according to a report in
Supplier News
Iowa locomotive builder purchased by Wabtec
Coming just shy of a year since it purchased GE Transportation in, Freightwaves reports that Wabtec has just purchased RELCO locomotives. This company builds, repairs, and remanufactures locomotives, and is based in Iowa.
Affiliates of Paceline Equity Partners acquire rail maintenance leasing business from subsidiary of Caterpillar
Affiliates of Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced that they have acquired Progress Rail Equipment Leasing Corporation (“PRELC”), a leading lessor of railroad maintenance-of-way (MOW) equipment
Miller Ingenuity Wins California Contracts for ZoneGuard Electronic RWP System
Miller Ingenuity was recently selected to supply ZoneGuard, their electronic roadway worker protection system, to two California transit agencies, San Diego Trolley and San Francisco Municipal Railway (MUNI). Additionally, ZoneGuard has been
Report: FreightCar America to close Roanoke plant this week
According to a report from WDBJ7 in Roanoke, Va., FreightCar America will soon wrap up the last of its production orders at its Roanoke facility.
Georgia Power Company responds to RT&S story on GATX lawsuit
Last week, RT&S reported on its website news service that GATX Corporation, one of the world’s largest freight car and locomotive lessors, is suing the Georgia Power Company, a subsidiary of Southern Company,
Loram completes Aurizon acquisition
Loram Maintenance of Way, Inc. is pleased to announce its wholly owned Australian subsidiary, Loram Pty Ltd., has completed the previously announced acquisition of the rail grinding business of Aurizon Operations Ltd.
Progress Rail to acquire Cleveland Track Material, Inc.
Progress Rail, a Caterpillar company, has signed an agreement to acquire Vossloh North America’s Cleveland Track Material (CTM) business. The proposed acquisition aligns with Progress Rail’s goal of profitable growth. With facilities
Georgia Power sued by GATX for railcar damage
Unless rail customers own their own cars, they either use ones owned by the railroad or they lease them. One of the largest freight car and locomotive lessors is GATX Corporation, which
VisioStack Partners With Chilean Railway
VisioStack Inc. has entered into an agreement with Grupo EFE to provide data management and analytics services. Grupo EFE, which is based in Santiago, Chile, provides both passenger and freight services throughout