Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




  railPrime
            View Current Digital Issue »



Rail News Home Financials

11/14/2008



Rail News: Financials

Updates from Amsted Rail/IONX, Lockwood, Andrews & Newnam, Nexans, Interfleet, Railpower and Lodging Enterprises


advertisement

• Amsted Rail subsidiary IONX L.L.C. has completed its acquisition of Salco Technologies L.L.C., which provides telematics to the chemical industry. Amsted Rail will integrate Salco’s product lines and operations into IONX by January. Amsted Rail and IONX will handle sales, service and R&D functions for both the IONX Edge™ and Salco EverSee2 asset monitoring systems. The deal includes a long-term collaboration pact with Salco to ensure a seamless transition to IONX.

• Lockwood, Andrews & Newnam Inc. (LAN) obtained a professional support services contract from the Denton County Transportation Authority for the 21-mile A-Train passenger-rail project. LAN will be responsible for program administration, design constructability reviews, project controls, procurement support, public relations/communications, construction management and systems integration. The $315 million, five-station A-Train will be built along the east side of Interstate 35 from Denton to Carrollton, Texas. To be completed in late 2010, the project will be completed simultaneously with Dallas Area Rapid Transit's Green Line to Carrollton.

• Nexans won a contract from Bombardier Transportation to supply power, control and data cables used to build 27 passenger ALP-46A locomotives for New Jersey Transit. Nexans will manufacture the components at its Nuremburg and Monchengladbach, Germany, plants, and begin delivering the materials in April 2009.

• Interfleet Technology named Robert Morley a principal consultant for the international rail consulting firm’s training and competence solutions team. He previously was a division manager for Catalis Rail Training, where he was responsible for traction and rolling stock, operations and rail safety businesses.

• Railpower Technologies Corp. reported a third-quarter net loss of $7.1 million compared with a $13.2 million net loss in third-quarter 2007. Revenue tumbled from $33.5 million to $2.9 million year over year because, although new orders were profitable, the level of revenue received during the quarter was insufficient to cover all expenses, the company said. However, operating expenses dropped from third-quarter 2007’s $6.9 million to $5.7 million.

• Lodging Enterprises L.L.C. will construct a 30-room hotel in Low Moor, Va., to accommodate the needs of CSX Corp. train crews traveling into Clifton Forge. Lodging Enterprises has operated CSX’s dormitory and restaurant in Clifton Forge since 1989. The new hotel will replace the dormitory. Lodging Enterprises provides lodging and food services to the U.S. rail industry.