PITTSBURGH — L.B. Foster Co. and Portec Rail Products Inc. announced that the Department of Justice has issued their final approval of and entered into an agreement with L.B. Foster and Portec relating to L.B. Foster’s acquisition of Portec and the sale of certain assets related to Portec’s rail joint business primarily located at Portec’s Huntington, W.Va., plant.
MONTREAL — Claude Mongeau, president and chief executive officer of CN, said CN’s rise to rail industry leader from industry laggard in “one of the most profound transformations in Canadian business history” is the product of a compelling corporate vision, continual innovation and strong operational execution.
OMAHA, Neb. — Recent track improvements will allow Union Pacific Railroad to increase the speed of its trains in central and eastern Wisconsin communities, reducing motorist wait time at crossings. The speed will increase from 25 mph to 50 mph across Union Pacific’s 112-mile line between Milwaukee and Adams, Wis., the company said.