WASHINGTON — The mascot that provided good luck to the Railway Mail Service returns after a century after riding the rails and protecting the mail in the form of 60 million Owney the Postal Dog Forever stamps.

NEWARK, N.J. — Strong export growth experienced across the nation in 2010 was capped by record numbers at many larger ports in November and the momentum is likely to continue in 2011, The Journal of Commerce reports.

PITTSBURGH — L.B. Foster Co. and Portec Rail Products Inc. announced the closing of an Asset Purchase Agreement with Koppers, Inc., a wholly-owned subsidiary of Koppers Holdings Inc.

ERIE, Pa. — GE Transportation shipped a second batch of its award-winning PowerHaul Locomotives to customer Freightliner Group Ltd. in the United Kingdom.
These five locomotives were manufactured at GE’s plant in Erie, Pennsylvania, and will join the first batch of seven that were placed in revenue service shortly after arrival in the U.K. in November [...]

PITTSBURGH — L.B. Foster Co. announced the expiration of the subsequent offering period offered by its wholly-owned subsidiary, Foster Thomas Co., for its cash tender offer for all outstanding shares of common stock of Portec Rail Products Inc.

PITTSBURGH — L.B. Foster Co. announced that its wholly-owned subsidiary, Foster Thomas Co., has extended its cash tender offer for all outstanding shares of common stock of Portec Rail Products Inc. 5 p.m. on Dec. 22.

BEIJING — GE announced a cooperative framework agreement with CSR Corporation Limited (CSR) to establish a U.S.-based joint venture to advance high-speed and other rail technology in the U.S.

PITTSBURGH — L.B. Foster Co. announced that the United States District Court for the District of Columbia signed the Hold Separate Stipulation and Order and that L.B. Foster’s direct wholly-owned subsidiary, Foster Thomas Co., has completed its cash tender offer for Portec Rail Products Inc.

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.

PITTSBURGH — L.B. Foster Co. and Portec Rail Products Inc. announced the signing of an Asset Purchase Agreement with Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc.