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Rail News Home Rail Industry Trends

10/8/2010



Rail News: Rail Industry Trends

Updates from Amsted Rail, AECOM, Alstom, Advanced Transit Manufacturing, Cornerstone Systems and Thales


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• Amsted Rail and Faiveley Transport USA have finalized a joint venture, Amsted Rail-Faiveley L.L.C., that will market freight-rail brakes in the United States. The partnership will enable them to “accelerate their growth through more efficient and competitive offers to their customers,” according to a prepared statement. Faiveley will own 67.5 percent of the joint venture and Amsted Rail, 32.5 percent.

• AECOM Technology Corp. has completed its acquisition of Davis Langdon, a cost and project management consultant. The acquisition is valued at $324 million.

• Alstom has been chosen by SITURV, the Valenciennes regional transport authority, to supply seven Citadis tramsets for use on the region’s second tram line. An option for an additional one or two trainsets is expected by the end of November, according to Alstom. Valued at $23.7 million, the contract follows an initial order of 21 tramsets placed in 2005.  

• Advanced Transit Manufacturing has received its Disadvantaged Business Enterprise (DBE) certification and is providing contract manufacturing services to prime contractors needing to fulfill DBE/Small Business Enterprise participation goals.

• Cornerstone Systems Inc. appointed Doug Smith as a sales representative in the Indianapolis area. Smith has more than 30 years of transportation experience, including non-asset based logistics.

• Thales UK announced that 17 people have joined its new rail signaling apprentice program. The three-year program is designed to enable new recruits to learn skills and gain experience while earning a "competitive" annual starting salary, according to Thales.