OFF Track Maintenance

CP’s Green steps down, five directors will not stand for re-election

Fred Green, president and chief executive officer of Canadian Pacific has stepped down, effective immediately. Green leaves the company following 34 years of dedicated service. In addition, Green has resigned as a director and will not stand for re-election at the company’s shareholder meeting.

TTCI elects three to board

Transportation Technology Center, Inc.’s Board of Directors approved three organizational changes. Firdausi Irani was elected to the position of vice president of business development and officer of TTCI, Robert Florom was elected to the position of vice president of engineering and quality services and officer of TTCI and Michael Sherer was elected to the position of vice president of operations and officer of TTCI.

New Rail Runner express train and fares begin May 21

A new fare structure is set to go into effect for the New Mexico Rail Runner Express this month.

This will be the first express train between Albuquerque and Santa Fe. Passengers using this new service will be able to save 20-25 minutes in each direction on their commute between the two cities.

L.B. Foster to sell railway securement business

L.B. Foster Company plans to sell its railway securement business in a transaction expected to be completed by the end of the second quarter. L.B. Foster acquired the shipping systems division as part of its acquisition of Portec Rail Products, Inc. in December 2010.

Administrator Szabo celebrates opening of Downeaster station platform extension

Federal Railroad Administrator Joseph C. Szabo joined in celebrating the completion of new train station platforms in Brunswick and Freeport, Maine, in preparation for the expansion of Amtrak’s Downeaster line, which will begin serving both cities this fall. Administrator Szabo was joined by Maine Department of Transportation Commissioner David Bernhardt and local business leaders.

BLET members ratify new contract with GWR in Colorado

Members of the Brotherhood of Locomotive Engineers and Trainmen have unanimously ratified a new collective bargaining agreement with the Great Western Railway of Colorado. The three-year agreement runs through February 15, 2015, and includes a lump sum allowance that is retroactive to July 1, 2008.

SteelRiver reaches agreement to acquire Patriot Rail Corp.

SteelRiver Infrastructure Partners, an independent investment management firm focused on investment and asset management services within the infrastructure asset class in North America, has agreed to acquire 100 percent of the capital stock of Patriot Rail Corp. through its dedicated infrastructure investment vehicle SteelRiver Infrastructure Fund North America LP.

KCS appoints new senior vice president and chief information officer

Kansas City Southern appointed Michael Naatz as senior vice president and chief information officer with responsibility for information technology and business planning. Naatz will report to KCS president and chief executive officer David Starling.

“Mike is a great addition to the KCS team,” said Starling. “His extensive transportation leadership experience will enhance our information technology efforts and business planning capabilities.”

Naatz has 18 years of transportation experience. He joins KCS from USF Holland, a YRCW company, where he served as president for the past year. Since USF was acquired by YRCW in 2005, he held the position of chief information and service officer, as well as a variety of other leadership positions for YRCW, including customer service and enterprise management. Prior to the acquisition, he held similar positions with USF for 11 years.