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Updates from National Steel Car, Trinity, Alstom and Swift

Appointments and agreements dominate the latest rail supply industry developments:

• National Steel Car Ltd. named Lorraine Johnson chief operating officer. She had served as vice president of supply management since 2001. During her 37-year National Steel Car career, Johnson has held numerous posts, including cost accountant, manager of internal audit, corporate secretary, director of finance, compliance officer and director of MRO.

• Trinity Industries Inc.'s board authorized a repurchase of up to $200 million of the company's common stock. Trinity will repurchase shares through Dec. 31, 2009.

• Alstom Transport reached an agreement with Russian company Transmashholding to jointly produce railway components. The largest rolling stock manufacturer in Russia, Transmashholding produces electric and diesel locomotives, switchers, freight and passenger cars, commuter and metro cars, and diesel locomotive engines and generators.

• Swift Corp., the holding company for trucking and intermodal firm Swift Transportation Co. Inc., named Stan Rideout executive vice president and chief financial officer. He spent the past 25 years serving Phelps Dodge Corp. in various capacities, most recently as controller. Rideout's other posts included treasurer, investor relations officer and CFO for Phelps' international wire and cable company.

Contact Progressive Railroading editorial staff.

More News from 12/17/2007