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Rail News Home Railroading Supplier Spotlight

9/17/2018



Rail News: Railroading Supplier Spotlight

Rail supplier news from Trinity, Ermewa, Amsted Digital and Strategic Retail (Sept. 17)


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Trinity Industries Inc. has announced the makeup of its board after the planned separation of its infrastructure business, known as Arcosa Inc. Trinity's board will consist of eight directors and be chaired by Chief Executive Officer and President Tim Wallace. Meanwhile, Rhys Best will serve as the nonexecutive chairman of Arcosa's board, which will consist of nine directors. To ensure continuity, the Trinity and Arcosa boards each will include five members from Trinity's current board, with no overlapping directors. The five board members who join the Arcosa board will resign from the Trinity board when the separation is completed, according to a Trinity press release. New directors will be added to both the Trinity and Arcosa boards following completion of the spinoff.

Ermewa Group has selected Amsted Digital Solutions' end-to-end telematics platform for its digitalization strategy. The Amsted platform provides comprehensive visibility and optimization software aimed at improving customers' rail shipping experience and traffic flow. In addition, the platform will provide Ermewa with advanced digital analytics to improve repair depot cycle times and implement a condition-based maintenance program, Amsted officials said in a press release. Ermewa has more than 40,000 assets in its rail fleet.

Florida East Coast Industries (FECI) and Lincoln Property Co. (LPC) have hired Strategic Retail Advisors (SRA) to lead retail leasing for the Park-Line Palm Beaches luxury residential community adjacent to the new Brightline station in West Palm Beach, Florida. SRA will help find retail tenants for the 14,000-square-foot ground floor of the community. Located steps from Brightline's West Palm Beach Station, Park-Line Palm Beaches is a 24-story, 290-unit multifamily tower. The community is slated to open for occupancy in October, according to a joint release issued by FECI and LPC.