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Rail News: Rail Industry Trends

Updates from RMI/ExpressYard, EnerSys, Pacer, Dapco and EMCOR Group

• Transportation industry software provider RMI recently acquired ExpressYard, which provides software as a service (SaaS) applications that support the rail-car repair billing for North American contract shops and railroads. Terms weren’t disclosed. ExpressYard will relocate its Michigan operations to RMI’s Atlanta headquarters.

• EnerSys has signed a definitive agreement to acquire the industrial battery businesses of Sweden’s Accu Holding AG. Under the pact, EnerSys will acquire the stock of OEB Traction Batteries Inc. and the operating assets and liabilities of Oerlikon Stationary Batteries Inc., along with its Swedish sales subsidiary. The deal is subject to approval by Accu Holding’s general assembly.

• Pacer International Inc. has entered into new arrangements with Union Pacific Railroad that will “further accelerate Pacer’s transformation into a fully integrated, door-to-door intermodal service provider,” according to a prepared statement. Under the agreements, which provide continued access to UP’s entire intermodal rail network and establish a new rate structure, the logistics provider will increase its focus on door-to-door integrated intermodal services. In addition, Pacer released its third-quarter financials. For the quarter, the company posted revenue of $418.7 million, a 24.9 percent decrease compared with the same 2008 period. At $700,000, income from operations declined a whopping 97.6 percent compared with the same year-ago period; at $600,000, net income declined  97 percent. “Though we remain in challenging economic times, we are very encouraged by our financial and organizational progress during the third-quarter, and by our new arrangements with UP,” said Chief Financial Officer Brian Kane.

• Dapco Industries is using Texas Instruments Inc.’s new TMS320C6472 digital signal processor to improve the ability of the company’s non-destructive testing equipment to peer inside railroad rails, high-speed train wheels, high-pressure gas cylinders, and other critical transportation, power generation, and infrastructure components to pinpoint internal defects before structural failures occur. Dapco will deliver the first commercial version of its C6472-based ultrasonic testing instrumentation to Union Pacific Railroad next month.

• EMCOR Group Inc.’s Welsbach Electric subsidiary received a contract from Amtrak to install fire detection and alarm systems at Pennsylvania Station in New York City. The work also includes removing the existing systems.


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More News from 11/4/2009