Month: August 2007

BOCA RATON, Fla. — RailAmerica, Inc., a leading operator of regional and short line roads, announced that Josh Putterman was named Assistant Vice President and Darryl Gabriel was named Regional Chief Engineer effective August 27. “With their railroad experience and wealth of knowledge being in the business for as long as they have,” said John Giles, RailAmerica CEO. “I am extremely enthusiastic to have these exceptional leaders join our team.” Josh Putterman joins RailAmerica from CSX where he served for 16 years. He began his career in economic analysis and held numerous positions in Regional Finance, Operations Improvement and Locomotive

ATLANTA — MARTA said that the Authority has achieved an operating budget surplus for the second year in a row – recording $12.1 million in additional revenues for FY07. This marks only the second time in 20 years that MARTA has recorded an operating budget surplus for two consecutive fiscal years. MARTA also ended FY07 with $117.4 million in capital reserves. The capital program funds additions and improvements to infrastructure and supports the Authority’s bonding capacity. “Thanks to a strict fiscal management plan, strategic cost containment measures and improved financial performance in recent years, MARTA has achieved this significant accomplishment,”

CANTON, Ohio –The Timken Company recently supplied Norwegian mining company Rana Gruber AS with cartridge bearings that significantly increased the load capacity of freight cars transporting iron ore. Rana Gruber is Timken’s first rail customer in Norway, where extensive upgrading of rail freight operations is expected within the coming years. Rana Gruber’s goal was to modernize its fleet and increase load capacity. This involved installing new axles and wheels, and Timken proposed a solution that included Timken® AP-2 Class K cartridge bearings set in adapters that permit simpler assembly and easier maintenance. The adapter solution is common in North American