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8/13/2019
Loram Pty Ltd., a subsidiary of Loram Maintenance of Way Inc., forged an agreement to acquire the rail grinding business assets of Aurizon Operations Ltd. Upon completion of the acquisition, which remains subject to certain conditions, Loram will provide rail grinding services to four Australian customers, including mainline and turnout rail grinding for Aurizon Network Pty Ltd. Loram will retain all Aurizon employees, Loram officials said in a press release.
Shanghai Keolis, a joint venture between Shanghai Shentong Metro Group and Keolis, has opened an 8-mile section of the Songjiang tram network in Shanghai. The complete 19-mile tram network is due to be completed by year's end. The joint venture is responsible for operating and maintaining the network, Keolis officials said in a press release.
The Greenbrier Cos. Inc. will invest $16 million to expand its rail-car manufacturing facility in Marmaduke, Arkansas. The company plans to create at least 35 new jobs within a year, adding to the current 850 employees at the facility, Greenbrier officials said in a press release. Greenbrier acquired the facility when it bought American Railcar Industries (ARI) in July. The expansion builds on ARI’s 2015 $10.5 million investment in the facility and its equipment.