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Rail News Home Rail Industry Trends

1/10/2011



Rail News: Rail Industry Trends

Updates from Greenbrier, Bombardier, Pacer, Gannett, Parsons Brinckerhoff and Strategic Rail


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• The Greenbrier Cos. said Friday that revenue for the first quarter of fiscal-year 2011 totaled $201.4 million, up from $171.7 million in the first quarter of the prior fiscal year. The company reported a net loss for the quarter of $2.3 million, or 11 cents per diluted share, compared with a net loss of $3.2 million, or 19 cents per diluted share, a year ago. Quarterly results also included a $1.1 million gain, net of taxes, or about 5 cents per diluted share, from insurance proceeds associated with a fire at a company wheel service facility in 2009. Greenbrier delivered 1,050 rail cars in the quarter vs. 350 a year earlier, and its backlog at quarter's end reached 8,100 units valued at $580 million.
 
• Bombardier Transportation has provided its Bombardier Cityflo 650 transit signaling solution for the first phase of the Shenzhen Metro Line 3 in southern China. The delivery marks Bombardier's first communication-based train control signaling technology on a steel-wheel transit line in China. Bombardier is a sub-supplier to Zhejiang Zheda Insigma Rail Transportation Engineering Co., whose end customer is Shenzhen Metro No. 3 Line Investment Co.

• Pacer International Inc. has named Daniel Gardner chief executive officer of its international business unit, which includes Ocean World Lines and RF International. Gardner previously held executive positions with ATC Logistics & Electronics, DHL Global Forwarding, Excel Global Logistics, GeoLogistics Americas and Fritz Cos. Alan Baer, president of the international business unit, will remain with the company through March 31 to assist with the transition, according to a prepared statement.

• Michael McNamara recently was named president of Gannett Fleming Transit & Rail Systems, a division of Gannett Fleming. He succeeds Raymond Hofsass, who retired in December. A senior associate based in the firm's Valley Forge, Pa., office, McNamara previously served as executive vice president and chief operating office of the division. He has more than 35 years of experience in the design, construction and maintenance of railroad and transit systems.

• Douglas Stencil has been named senior supervising engineer in Parsons Brinckerhoff's Orlando office. Stencil will be responsible for developing and implementing safety and security programs for the Central Florida Commuter Rail system, a new commuter railroad being managed by PB. He has more than 34 years of experience in rail safety and operations, most recently at Veolia Transportation, where he managed safety and training for Tri-Rail in Miami. From 1986 to 2007, Stencil worked for Amtrak.

• Joseph Pomponio, who directed the Railroad Rehabilitation and Infrastructure Financing program (RRIF) at the Federal Railroad Administration from 2002 to 2008, has joined the consulting staff of Strategic Rail Finance. As RRIF director, Pomponio implemented and directed the largest federal direct loan and loan guarantee program ever established for the rail industry, according to a prepared statement. Prior to taking over the program, Pomponio was a senior attorney in the FRA's Office of Chief Counsel.