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Rail News: Rail Industry Trends
3/30/2011
Rail News: Rail Industry Trends
Updates from Wabtec, Kelso, Eurotech, Greenbrier and Thales
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• Wabtec Corp. expects fiscal-year 2011 first-quarter earnings to fall between 77 cents and 82 cents per diluted share, according to the company. Wabtec increased its 2011 full-year earnings per diluted share guidance to between $3.15 and $3.25, based on full-year revenue growth of 15 percent. Previously, Wabtec’s full-year guidance projected earnings of $2.90 per diluted share and revenue growth of 10 percent.
• Kelso Technologies Inc. plans to build a 40,000- to 50,000-square-foot assembly plant in Bonham, Texas, to produce Manway Securement System (MSS) units. Target production capacity will be 12,000 units annually, including systems for rail tank cars. The new facility also will include capacity to assemble, test and certify up to 4,000 pressure-relief valves per year.
• Eurotech’s ISIS XL embedded computer has been chosen as one of two hardware reference designs for positive train control (PTC) applications in the United States by MeteorComm L.L.C. "As a PTC hardware reference design, Eurotech’s ISIS platform provides our customers the best starting point for establishing PTC-conformant applications," said Arlen Nipper, CTO for Eurotech-North America, in a prepared statement.
• Greenbrier Cos. Inc. announced a proposed offering of $200 million in convertible senior notes, due in 2018. Greenbrier plans to combine proceeds from the offering with cash to purchase any of the outstanding $235 million aggregate principal amount of its 8 3/8 percent senior notes due in 2015.
• Seville, Spain’s new commuter-rail line C-5, which links Seville and Aljarafe, has been equipped with safety communications systems supplied by Thales. The company, which recently marked 60 years in business, installed its automatic block signal system and integrated a centralized traffic control system. The new line, which extends the commuter network to nine towns and train stations, follows the Seville-Huelva conventional rail line.
• Kelso Technologies Inc. plans to build a 40,000- to 50,000-square-foot assembly plant in Bonham, Texas, to produce Manway Securement System (MSS) units. Target production capacity will be 12,000 units annually, including systems for rail tank cars. The new facility also will include capacity to assemble, test and certify up to 4,000 pressure-relief valves per year.
• Eurotech’s ISIS XL embedded computer has been chosen as one of two hardware reference designs for positive train control (PTC) applications in the United States by MeteorComm L.L.C. "As a PTC hardware reference design, Eurotech’s ISIS platform provides our customers the best starting point for establishing PTC-conformant applications," said Arlen Nipper, CTO for Eurotech-North America, in a prepared statement.
• Greenbrier Cos. Inc. announced a proposed offering of $200 million in convertible senior notes, due in 2018. Greenbrier plans to combine proceeds from the offering with cash to purchase any of the outstanding $235 million aggregate principal amount of its 8 3/8 percent senior notes due in 2015.
• Seville, Spain’s new commuter-rail line C-5, which links Seville and Aljarafe, has been equipped with safety communications systems supplied by Thales. The company, which recently marked 60 years in business, installed its automatic block signal system and integrated a centralized traffic control system. The new line, which extends the commuter network to nine towns and train stations, follows the Seville-Huelva conventional rail line.
