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Brookville Equipment Corp. President Larry Conrad announced his retirement, effective immediately, on Monday. Conrad told company staff that he wanted to spend more time with his family. Brookville Chairman Dalph McNeil will serve as the company's interim president. Conrad began his career at Brookville in 1979 as a design engineer and played a major role in developing the company's modern mining equipment product line. Later, he became vice president of operations, managing design-build projects that led the company into the streetcar and locomotive markets, before ultimately succeeding McNeil after his initial retirement as president in 2010.Bombardier Transportation obtained a contract to deliver a mainline signaling solution for Ethiopia's new Awash-Weldia line. The order awarded by Turkish construction company Yapi Merkezi, which is designing and constructing the line, is worth $45 million. The new line will be equipped with Bombardier's INTERFLO 250 solution.Ferrocarril Mexicano S.A. de C.V. has chosen RailComm to provide yard automation to 80 recently installed switch machines that will be controlled via RailComm Domain Operations Controller (DOC®) in Torreon, Mexico. The DOC system was designed to allow authorized personal to efficiently route trains through the location, as well as control individual switches, according to a RailComm press release.
American International Group Inc. (AIG) has expanded excess casualty liability limits for Class Is to $1 billion per occurrence. The coverage for catastrophe losses would be in excess of $1.5 billion in underlying limits — one of the largest capacities offered to the rail industry by a single insurer, according to an AIG press release. The insurer said it is responding to the demands of North America’s largest rail companies contending with record rail traffic and the growing number of rail cars carrying potentially hazardous materials, such as crude oil.
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