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Rail News: Intermodal

Rail supplier news from HDI, MODE, SunteckTTS, Holland and Cylus (Nov. 22)


HDI Global Insurance Co. announced that Jim Clark will succeed Lothar Becker as chief executive officer, effective Jan. 1, 2020. Becker will continue to serve as deputy chairman of HDI Global USA and chairman of HDI Specialty Insurance Co. Clark now serves as chief underwriting officer. As CEO, he will be responsible for growth of HDI Global USA and HDI Specialty USA, as well as operations across Canada and Mexico. Meanwhile, Brad Diericx, chief financial officer of HDI Global USA since 2014, will assume the role of president of the company. In his expanded role, Diericx will lead information technology, human resources and operations activities, while maintaining responsibility for the company’s finance function.

MODE Transportation has entered into an agreement to acquire SunteckTTS Inc. Under the terms of the transaction, SunteckTTS will operate under the MODE brand name. The new company will offer capabilities across all major modes of transportation. Together, the company will facilitate more than 1.5 million annual customer shipments and generate over $2 billion of revenue, MODE officials said in a press release. Following completion of the merger, Jim Damman will serve as chief executive officer and Ken Foster, former SunteckTTS CEO, will serve as president and chief operating officer. The expanded leadership team will include senior executives from both MODE and SunteckTTS. The transaction is subject to closing conditions and regulatory approval, and is expected to close by Dec. 31.

Holland LP hired Brian Chubb as a regional sales manager in the northeastern United States. He will be responsible for managing and maintaining this territory to represent all Holland divisions and its maintenance of way products. Chubb has over 25 years of experience in railroad sales and services, including 22 years at a Class I, Holland officials said in a press release.

Cylus has received certifications for ISO 27001 and ISO 9001. The ISO 27001 certification demonstrates a commitment to information security management and adherence to best practices for keeping sensitive information, intellectual property and other data assets secure. The ISO 9001 certification recognizes quality management systems that consistently provide products and services that meet customer, statutory and regulatory requirements, Cylus officials said in a press release. The firm works with rail companies to protect their operational networks from cyberattacks.

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More News from 11/22/2019