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Miscellaneous

FreightCar America, Inc. Reports Fourth Quarter and Full Year Results

CHICAGO — FreightCar America Inc. reported financial results for the three months ended Dec. 31. For the fourth quarter of 2007, sales were $137.1 million and net loss was $16.6 million, or $1.42 per diluted share. These results include special pre-tax charges of $37.2 million, primarily associated with the Company’s decision in December 2007 to end production activities at the Johnstown manufacturing facility, which accounted for $30.8 million of the special charges. Also included in the special charges were costs related to supply chain activities, and charges for a customer claim. On an after tax basis, the special charges was

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Miscellaneous

‘World’s Top 25 Trains’ Announced by The Society of International Railway Travelers

LOUISVILLE, Ky. — What does Europe’s sophisticated “Venice Simplon-Orient-Express” have in common with India’s wheezing, narrow-gauge geezer, the 100-year-old steam “Toy Train”? They’re both members of a select group; namely, “The World’s Top 25 Trains,” as determined by The Society of International Railway Travelers. An organization of travelers who love the comfort and romance of great trains, the Society celebrates its 25th year in 2008. Some on the list are over-the-top luxury, such as the all-first-class “Golden Eagle Trans-Siberian Express,” Rovos Rail’s “Pride of Africa” and India’s “Deccan Odyssey.” Others offer the most stylish and comfortable way to see less-developed

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Miscellaneous

FreightCar America, Inc., Announces Appointment of Nicholas Matthews as Vice President–Operations

CHICAGO — Nicholas J. Matthews is joining FreightCar America Inc. as Vice President-Operations later this month and is expected to become Senior Vice President-Operations in spring 2008. Matthews will serve as a key member of FreightCar America’s leadership team and will be based at the Company’s Chicago headquarters. Matthews is expected to succeed Ken Bridges as Senior Vice President-Operations after Bridges’ retirement. Matthews joins the Company from Trinity Industries, where he spent fourteen years serving in various technical and operations positions of expanding leadership scope. In his most recent role, he served as Trinity’s Senior Vice President-Operations for that company’s

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Miscellaneous

RailWorks Announces Promotions at Track Construction Subsidiaries

NEW YORK — RailWorks Corp. announced two promotions at its U.S.-based track construction subsidiaries: RailWorks Track Services Inc. and RailWorks Track Systems Inc. Ed Kennedy has been appointed Vice President of Operations for RailWorks Track Services. Kennedy has nearly 20 years of track construction and management experience, beginning as a track laborer and working in progressively more responsible positions. While serving as general manager of RailWorks’ track construction office in Youngstown, Ohio, for the past decade, he achieved dramatic revenue growth and successfully completed an impressive range of projects for Class I railroads Canadian Pacific Railway, CSX Transportation and Norfolk

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Miscellaneous

National Railway Equipment Co. Completes Test of Ultra Low Emissions Locomotive at NOVA Chemicals

JOFFRE, Alberta — National Railway Equipment Co. announced that NOVA Chemical recently operated an NREC N-ViroMotive GenSet locomotive in an operational test at their facility here. The locomotive, a three-engine 2100 HP (3GS-21B) 4-axle unit, is EPA certified and CARB recognized as an ultra-low emitting GenSet locomotive. “Fuel conservation, protecting the environment and operational efficiency are vital to our operation,” said Fred Owens, rail-maintenance coordinator, Nova Chemicals. “We witnessed surprising performance with this locomotive and its remarkable fuel savings, ultra-low emissions and low noise. Another big plus for us is the N-ViroMotive’s outstanding tractive effort, which can improve operations efficiency

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Miscellaneous

FreightCar America Closing Johnstown Facility

CHICAGO – FreightCar America Inc. is closing its Johnstown, Pa., manufacturing facility that employs about 390 employees. The closure does not involve a closure of the company’s Johnstown administrative offices. Officials said the closure is in line with FreightCar’s strategy of optimizing production at its low-cost manufacturing facilities and continuing its focus on cost control. “It is critical for us to take full advantage of our lower-cost manufacturing facilities in order to produce our railcars with a competitive cost structure,” said Chris Ragot, president and chief executive officer. “Our Johnstown, Pennsylvania manufacturing plant is a higher-cost facility than our other locations. “Although

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Miscellaneous

Governor Rendell Announces $20 Million Investment in Rail Freight

HARRISBURG, Pa. — The state of Pennsylvania is investing $20 million in taxpayer money to help seven railroads and five businesses undergo rail-freight improvement projects, stimulate economic development and reduce traffic congestion. “Dependable rail service helps businesses expand their markets, and this investment will help create and maintain jobs in communities throughout the commonwealth,” Gov. Edward G. Rendell said. “Moving products by rail also lowers the number of trucks on the roadways, which in turn reduces the wear and tear on our state’s highways, relieves traffic congestion, and improves air quality.” The State Transportation Commission approved the grants. Several of

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Miscellaneous

GATX Corporation Announces New Railcar Order

CHICAGO — GATX Corp. has agreed to buy 2,000 newly-manufactured tank cars from Trinity Industries Inc. over a two-year period beginning in early 2008, with an option for an additional 1,000 tank cars thereafter. GATX expects the Trinity order, together with other existing orders, to provide significant opportunity to enhance market share, meet customer demand and replace retired equipment with high quality tank cars, manufactured and configured according to strict GATX specifications. “We are pleased to continue our long-standing relationship with Trinity,” said James F. Earl, executive vice president and chief operating officer. “Trinity offers a full range of railcars

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Miscellaneous

49 Railroad Cars on the Auction Block

SCOTTSDALE, Ariz. — Government Liquidation LLC is auctioning off 49 railroad cars equaling more than 2.1 million pounds of unprepared heavy melting iron. The railroad cars, which are located in Hooks, Texas, consist of steel tankers, steel box cars and steel flat beds. Online bidding opens at 12 a.m. (Eastern Time) on Dec. 13 on the official online clearinghouse for government surplus www.govliquidation.com. All the rail cars are on wheels and can be rolled out for removal during this one-time event. The steel flat beds and steel box cars have wooden floors, and old style journal bearings. Some are equipped

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Miscellaneous

National Railway Equipment Sees Superior Results in Test of New Locomotive

MT. VERNON, Ill. — In a two week test of an N-ViroMotive “GenSet locomotive” from National Railway Equipment Co., Indiana Rail Road Co. experienced significant fuel savings, low emissions and excellent tractive effort in normal switch operations, officials said. During the October test, Indiana Rail Road found that the single N-ViroMotive 2100 HP GenSet locomotive performed the same work as two SW 1500 locomotives in an MU consist, totaling 3000 HP. Fuel savings during the test were measured at 67 percent. “We were pleasantly surprised that this extremely fuel efficient locomotive also pulls as well as our two existing units,