Miscellaneous – Page 37 – Railfanning.org

Wabtec Receives Orders Worth $100 Million to Supply Components for NY Subway Cars

March 13, 2008 Railfanning.org News Wire

WILMERDING, Pa. — Wabtec Corp. said it has received orders worth about $100 million to supply components for New York City subway cars being purchased under the city’s R-160 program. The contracts represent components for the first option order of 620 cars, which are to be delivered over the next two years. Under the R-160 program, New York City has now ordered 1,280 cars and has an option to order an additional 420. The cars are being built by ALSTOM Transportation and Kawasaki. Wabtec has been supplying components for the base order of 660 cars and will now provide the

FreightCar America Announces Stay of Preliminary Injunction in Pension Case

March 6, 2008 Railfanning.org News Wire

CHICAGO — The U.S. Court of Appeals for the Third Circuit has stayed the preliminary injunction issued by a lower court in an ongoing lawsuit concerning the FreightCar America Inc.’s pension obligations at its Johnstown, Pa., manufacturing facility, the company said. The preliminary injunction had directed the Company to reinstate certain laid-off employees for pension purposes pending further proceedings in the lawsuit. The order of the Court of Appeals grants a stay of the preliminary injunction and directs the Company to take no action during the pendency of its appeal of the injunction, including closing the Johnstown facility, which would

Class I Railroad Awards Duos Technologies Contract to Secure Critical Rail Yard

March 6, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — A leading rail carrier has awarded a contract in excess of $500,000 to Duos Technologies, Inc. to secure a key rail yard in the western United States, safeguarding property and assets at the facility. Duos-developed intelligent video security and sensor technology will be used to establish a “virtual perimeter,” providing continuous, active monitoring of the yard and rail cars. The system is designed to function as an intrusion detector to identify a perimeter breach, assess threat risk, and promptly alert security personnel. Authorized rail security personnel can view both real-time, streaming video and video archives, both locally

Duos Awarded Contract from Major Rail Company to Provide Intelligent Video Surveillance for Critical Northeast Bridge

March 3, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — One of the nation’s major railroad companies has selected Duos Technologies Inc. to provide an intelligent video system securing a major rail bridge along the Delaware watershed. Duos developed this solution to give its client the ability to monitor a critical lift bridge in real time. The bridge carries rail traffic over an active waterway, and its secure operation is essential. This system allows rail personnel to observe the bridge structure and waterway, and oversee the lift operation and the integrity of the rail tracks. This turnkey solution combines Duos Praesidium intelligent video platform with an array

Ferromex Joins the TTX Railcar Pool

February 26, 2008 Railfanning.org News Wire

CHICAGO — TTX, one of the nation’s leading railcar providers, today announced the expansion of its railcar pool with the addition of Mexican railway Ferrocarril Mexicano S.A. de C.V. (Ferromex). Ferromex becomes the first new owner of TTX in 43 years. Its addition to the TTX family is expected to enhance the utilization of energy efficient rail transportation for international movements. “This is an important step for our company,” said TTX President and Chief Executive Officer Andrew F. Reardon. “With Ferromex, we will extend the benefits of TTX’s time-tested business model to an important and growing participant in the North

RMI Acquires Optimization Alternatives

February 20, 2008 Railfanning.org News Wire

ATLANTA — RMI has acquired Optimization Alternatives (OA), an Austin, Texas-based provider of transportation control systems for intermodal terminals. OA will operate as a wholly-owned subsidiary of RMI. Financial terms of the transaction were not disclosed. Since 1986, OA has been recognized as a provider of real-time control and decision support systems throughout North America. Its flagship product, OASIS, is a comprehensive decision support system that provides intelligent automation of intermodal terminal operations. It uses state-of-the-art algorithms for solving logistical problems that arise in intermodal railyards. OASIS is used at more than 120 intermodal terminals throughout North America. Founded in

Wabtec Receives Orders Worth $31 Million for MPXpress Commuter Locomotives

February 6, 2008 Railfanning.org News Wire

WILMERDING, Pa. — Wabtec Corp.’s MotivePower subsidiary has received an order for 10 MPXpress commuter locomotives from the Utah Transit Authority (UTA). In addition, UTA awarded MotivePower a four-year contract to maintain 11 other MPXpress locomotives, which have already been delivered. The total value of the locomotive order and the maintenance contract is about $31 million. “The MPXpress continues to be the locomotive of choice for commuter rail agencies in North America,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “We’re also pleased to be selected to provide maintenance services for the units, which demonstrate another way for

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

February 6, 2008 Railfanning.org News Wire

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

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

January 12, 2008 Railfanning.org News Wire

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

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

January 9, 2008 Railfanning.org News Wire

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