advertisement

---

• Alstom has obtained a $131 million contract from the city of Amsterdam to deploy signaling technology on four existing metro lines and on the new North-South line currently under construction. The system will enable automatic train operation, increase capacity and provide energy savings, according to a press release.  The contract covers the design, manufacture and supply of a complete communications-based train control system utilizing Alstom’s radio-based Urbalis system.

• Oregon Iron Works Inc./United Streetcar L.L.C. has been chosen by the District Department of Transportation to manufacture two streetcars for the DC Streetcar system in Washington, D.C. Beginning in 2013, the new vehicles will join three streetcars the district already owns to run along the H Street/Benning Road line. The proposed purchase agreement involves an exiting contract for streetcars between Oregon Iron Works and the city of Portland, Ore.

• CIT Group Inc. has appointed Andrew Brandman executive vice president and chief administrative officer. He will report directly to Chairman and Chief Executive Officer John Thain. Brandman will serve on the executive management committee and will oversee CIT’s global operations supporting the trade finance, vendor finance and corporate finance business segments. He also will be responsible for human resources and corporate services functions, including real estate, procurement, corporate insurance and insurance services. Most recently, Brandman served as CAO and EVP at NYSE Euronext.

• Chris Gerber has joined Mitsui Rail Capital L.L.C. as director of sales and marketing. Gerber has nearly 30 years of experience in the rail industry and began his career with the Burlington Northern Railroad, a BNSF Railway Co. predecessor, where he held several positions in train operations. He later entered the rail-car leasing and finance industry by joining Itel Rail. Upon GE’s purchase of Itel, Gerber was hired by GE Capital Railcar Services as director of car management.
 
• The Greenbrier Cos. reported net earnings of $17.7 million, or 57 cents per share, in the second quarter of its fiscal-year 2012 compared with a net loss of $550,000, or 2 cents per share, for the same period in the prior fiscal year. Revenue for the quarter increased 60 percent to $458.2 million. New rail-car deliveries in the quarter totaled 3,700 units compared with 2,200 units in second-quarter FY2011. The company received orders for 3,600 new cars compared with 1,600 orders received in the fiscal first quarter. Subsequent to the fiscal quarter’s end, Greenbrier received orders for 2,300 additional units valued at $270 million. The company’s car manufacturing backlog as of Feb. 29 was 12,500 units with an estimated value of $1.1 billion versus 13,300 units with an estimated value of $1.1 billion on Nov. 30, 2011.