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.

Ontario awards funds for GO station improvements

The province of Ontario, Canada, is making CA$5 million (US$ 4.5 million) in upgrades to the Etobicoke North GO Station, which will include extending the platform to accommodate 12-car trains; installing a raised mini platform that connects to on-board train ramps for increased accessibility; adding heated shelters and more lighting and creating 10 more accessible parking spaces.

CSX to build new rail yard in Hopkinsville-Christian County, Kentucky

CSX plans to build a new rail inspection yard in Hopkinsville-Christian County, Ken., which will support hundreds of local construction and trade jobs while being built and will initially provide more than 50 on-site jobs servicing the growing freight rail corridor that stretches from the Southeast to the Midwest.