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Rail News: Rail Industry Trends
11/16/2009
Rail News: Rail Industry Trends
Updates from GATX, Tideworks Technology, Faively Transport, Portec and Mass. Electric
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• David Horwitz has been appointed regional vice president of sales, Eastern Region, for GATX Corp. He and his sales team are responsible for originating lease transactions and managing customer relationships in the states along the Eastern seaboard from Maine to Florida. Horwitz joined GATX in 1995 as a design engineer and eventually moved into the fleet portfolio management realm. Prior to joining GATX, he worked at the Association of American Railroads, where he participated in several rail-car-related research projects.
• Tideworks Technology® Inc. will design, build and implement an automated gate system for BNSF Railway Co. at the Seattle International Gateway (SIG), as well as replace the current gate kiosk system at the South Seattle Intermodal Hub (SSIH). The new systems will help BNSF reduce truck driver processing time and maximize efficiency at the terminal gates, according to Tideworks. The Class I will implement components of Tideworks’ GateVision® at both the SIG and SSIH.
• Faiveley Transport recently supplied a platform door system for Spain’s Seville metro line. The line features 17 stations, each of which is equipped with 12 platform doors on either side of the track.
• Portec Rail Products Inc. recently was named to Forbes magazine’s list of the “200 Best Small Companies.” Candidates must have annual revenue between $5 million and $750 million, be publicly traded for at least one year and have a stock price no lower than $5. Rankings are based on earnings and sales growth, and return on equity in the past 12 months and over the past five years.
• Mass. Electric Construction Co. Transportation District was awarded the International Organization for Standardization ISO 9001:2008 certificate of registration. Mass. Electric’s Transportation District is headquartered in Irving, Texas.
• Tideworks Technology® Inc. will design, build and implement an automated gate system for BNSF Railway Co. at the Seattle International Gateway (SIG), as well as replace the current gate kiosk system at the South Seattle Intermodal Hub (SSIH). The new systems will help BNSF reduce truck driver processing time and maximize efficiency at the terminal gates, according to Tideworks. The Class I will implement components of Tideworks’ GateVision® at both the SIG and SSIH.
• Faiveley Transport recently supplied a platform door system for Spain’s Seville metro line. The line features 17 stations, each of which is equipped with 12 platform doors on either side of the track.
• Portec Rail Products Inc. recently was named to Forbes magazine’s list of the “200 Best Small Companies.” Candidates must have annual revenue between $5 million and $750 million, be publicly traded for at least one year and have a stock price no lower than $5. Rankings are based on earnings and sales growth, and return on equity in the past 12 months and over the past five years.
• Mass. Electric Construction Co. Transportation District was awarded the International Organization for Standardization ISO 9001:2008 certificate of registration. Mass. Electric’s Transportation District is headquartered in Irving, Texas.
