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5/2/2014
RailComm announced today it has completed a Series B round of financing from Schooner Capital. The new funding will enable RailComm to continue to expand its sales and marketing efforts as well as pursue the innovation of new products and services. RailComm prepared for the company's expansion with the announcement late last year of the appointment of Joe Forgione as president and chief executive officer, according to a company press release.Fugro has reached an agreement to acquire RailData BV, which includes RailData International BV. RailData specializes in the measurement of absolute and relative position of railway tracks and has developed a patent pending device that can measure data in three dimensions.Hub Group announced changes to its executive leadership team resulting from the retirement of Chief Supply Chain Officer Don Maltby. Effectively immediately, David Marsh, currently the chief marketing officer, will become chief supply chain officer; Chris Kravas, currently the chief intermodal officer, will become chief marketing officer; and Dan Burke, currently president of Hub Group Trucking, will take on the role of chief intermodal officer. Maltby will transition his current responsibilities to Marsh and focus on the implementation of Hub Group's corporate strategy for the remainder of the year, according to a company press release.Masabi announced that the Metropolitan Transportation Authority (MTA) has selected the company to provide mobile ticketing for MTA Metro-North Railroad and MTA Long Island Rail Road. Masabi's mobile ticketing technology will allow riders to buy train tickets using their smartphones. The MTA will use Masabi’s JustRide platform, an end-to-end mobile ticketing and fare collection system.The Greenbrier Cos. Inc.'s Gunderson Marine division in Portland, Ore., has received an order from Kirby Offshore Marine to build a second articulated ocean-going oil & chemical tank barge (ATB) to meet sustained demand. The order results from Kirby’s exercise of its purchase option Greenbrier previously announced in January when Kirby ordered its first ATB. The second ATB is identical to the vessel that Kirby ordered in January and is scheduled for completion in the first-half of 2016.
Vossloh Group announced first-quarter group sales increased by 11.7 percent to 294.2 million (monetary amounts reported in euros) compared with first-quarter 2013, but operating results declined 30.8 percent to 6.5 million due to a negative earnings contribution of the transportation division, according to the company. In the rail infrastructure division, first-quarter sales rose by 3.5 percent to 178.9 million. Incoming orders in rail infrastructure climbed to 243.4 million compared with 197.3 million in the previous year's first quarter. The order backlog fell to 581.7 million on March 31, 2014, compared with 624.3 million on March 31, 2013.Hanson Professional Services Inc. recently opened an office in the Minneapolis/St. Paul area to expand the firm's presence in the upper Midwest. With an initial focus on the railway market, the firm also will offer services for water resources, military facilities, power/industry and roadway projects. Shawn Goetz, a senior associate and project manager at Hanson’s Kansas City office, will relocate to the new office to provide engineering and oversight for work in the Twin Cities, according to a company press release.Angelo Tsudis, a former employee of Union Switch and Signal, WABCO and Western-Cullen-Hayes Inc., died April 28. He served on the Governor's Council of Highway Crossing Safety and was a founding board member of Operation Lifesaver. He also served as a federal lobbyist for railroad safety standards and, for more than 20 years, served on the Railway Progress Institute's board. Tsudis was a member of the U.S. Army from 1951 to 1953. He is survived by his wife, Semie; two children, four grandchildren, two brothers and a sister.