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Rail News: Rail Industry Trends
10/2/2008
Rail News: Rail Industry Trends
Updates from Sumitomo/Nippon Sharyo, Bombardier, Alstom, L.B. Foster, CIT Rail and Parsons Brinckerhoff
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• Sumitomo Corp. of America and partner Nippon Sharyo Ltd. won a $22 million contract to supply 10 "Gallery Type" bi-level passenger-rail cars to Virginia Railway Express. The contract is in addition to a previously placed order for 61 cars. Delivery is scheduled to begin in February 2009 and conclude in March 2010. Car body shells will be manufactured in Nippon Sharyo's Toyokawa, Japan, plant and the final assembly will be completed at Super Steel's Milwaukee plant.
• Bombardier Transportation won an $85 million contract from Deutsche Bahn AG for another 15 BOMBARDIER TALENT 2 trains, which will be used on the Aachen-Cologne-Siegen route in Germany. Deutsche Bahn now has ordered a total of 76 TALENT 2 trains. The orders are part of a framework agreement Deutsche Bahn and Bombardier reached in February 2007 for delivery of up to 321 trains.
• Alstom Transport obtained a contract from private German rail operator Veolia Verkehr for 36 regional Coradia Continental trains, which will be operated by NordWestBahn. Featuring three or five coaches, the trains will be designed and manufactured at Alstom's Salzgitter, Germany, plant. The first trains are expected to enter service in late 2010. Coradia Continental trains can operate at speeds of up to 99 mph.
• L.B. Foster Co. obtained a contract to supply 3,845 tons of new 115-pound rail for the Los Angeles County Metropolitan Transportation Authority's Exposition light-rail project. The agency will use the rail on a new 8.6-mile line that will run from downtown L.A. to Culver City, Calif. L.B. Foster will complete delivery of the stick rail in the fourth quarter.
• CIT Rail has appointed Angela Harmon vice president of railcar leasing. She will be responsible for account development and management in the western United States. Harmon most recently was CIT Rail's director of structured finance. She previously was a business development officer for BMO Capital Markets, and held various positions at General Electric Co., Heller Financial Inc., Ernst and Young L.L.P. and CCH Inc.
• Engineering firm Parsons Brinckerhoff (PB) has named Bernard McNeilly general manger of the northeast region transportation division. A PB vice president, McNeilly previously was a regional business manager for New Jersey and Pennsylvania. Prior to joining PB in 2007, he was a senior VP for a transportation and infrastructure engineering/consulting firm.
• Bombardier Transportation won an $85 million contract from Deutsche Bahn AG for another 15 BOMBARDIER TALENT 2 trains, which will be used on the Aachen-Cologne-Siegen route in Germany. Deutsche Bahn now has ordered a total of 76 TALENT 2 trains. The orders are part of a framework agreement Deutsche Bahn and Bombardier reached in February 2007 for delivery of up to 321 trains.
• Alstom Transport obtained a contract from private German rail operator Veolia Verkehr for 36 regional Coradia Continental trains, which will be operated by NordWestBahn. Featuring three or five coaches, the trains will be designed and manufactured at Alstom's Salzgitter, Germany, plant. The first trains are expected to enter service in late 2010. Coradia Continental trains can operate at speeds of up to 99 mph.
• L.B. Foster Co. obtained a contract to supply 3,845 tons of new 115-pound rail for the Los Angeles County Metropolitan Transportation Authority's Exposition light-rail project. The agency will use the rail on a new 8.6-mile line that will run from downtown L.A. to Culver City, Calif. L.B. Foster will complete delivery of the stick rail in the fourth quarter.
• CIT Rail has appointed Angela Harmon vice president of railcar leasing. She will be responsible for account development and management in the western United States. Harmon most recently was CIT Rail's director of structured finance. She previously was a business development officer for BMO Capital Markets, and held various positions at General Electric Co., Heller Financial Inc., Ernst and Young L.L.P. and CCH Inc.
• Engineering firm Parsons Brinckerhoff (PB) has named Bernard McNeilly general manger of the northeast region transportation division. A PB vice president, McNeilly previously was a regional business manager for New Jersey and Pennsylvania. Prior to joining PB in 2007, he was a senior VP for a transportation and infrastructure engineering/consulting firm.
