TESMEC USA Inc. obtained a contract from Amtrak to supply two rail cars. The contract reflects Tesmec Group's focus on expanding its presence in the railroad electrification industry, and confirms the company's decision to increase its U.S. presence with a fully integrated production facility for rail-car production, according to a company press release. "The new contract with Amtrak will provide us the opportunity to incorporate new production processes and systems, and to continuously innovate engineering potential and range of products," said Chief Executive Officer Andrea Zamboni.
Bombardier Inc. reported that third-quarter net income rose to $212 million, or 12 cents per diluted share, from $192 million, or 11 cents per diluted share, in the same period a year ago. Revenue slipped to $4.3 billion from $4.6 billion last year. Bombardier Transportation's revenue also declined, to $2.1 billion, from $2.3 billion in the same period last year. Bombardier Transportation's order backlog grew to $32.5 billion as of Sept. 30, compared with $31.9 billion as of Dec. 31, 2011. The group registered a strong business intake and secured orders across all market segments for a total of $2.3 billion, Bombardier officials said in a prepared statement. Subsequent to the quarter's end, the group also announced "measures to improve its competitiveness and cost structure," which will include the closure of a plant in Aachen, Germany, and the reduction of 1,200 employees worldwide, they said. A charge for the restructuring activity will be recorded in the fourth quarter and should not exceed $150 million.
A&K Railroad Materials Inc. recently held a ground-breaking ceremony for a 13,000-square-foot office building in Kansas City, Kan. To be constructed across the street from its current office building on South 74th Street, the new structure will provide room for new employees and better accommodate growth, company officials said in a prepared statement.
Railserve has completed production of its first three Dual LEAF Gen-Set locomotives, each of which feature two Gen-Set power modules for increased pulling power, according to a company press release. The Dual LEAF includes a single Gen-Set model with the addition of a second Cummins QSX-15 600 horsepower Gen-Set, a larger frame and an increased capacity sand reservoir. Compared with diesel locomotives, Gen-Sets use about 50 percent less fuel, according to the company.
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