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Rail News: Intermodal
Rail supplier news from Trinity, NRE, Wabtec, Cervello, Systra, DNJ Intermodal and RSI (July 26)
Trinity Industries Inc. reported second-quarter revenue of $736 million, a 16 percent year-over-year increase over the same period a year ago. The company’s leasing and management services brought in $189 million in revenue in the quarter. The leasing group grew its wholly- or partially-owned fleet to 102,140 units, bringing its net value to $7.4 billion. The rail products group reported quarterly revenue of $712 million compared with $566.2 million a year earlier, Trinity officials said in a press release. The group also reported quarterly rail-car orders and deliveries of 2,105 and 5,255, respectively, resulting in a total car backlog of $2.9 billion.
NRE has reopened its 450,000-square-foot locomotive plant in Paducah, Kentucky, to meet an increase in work orders after shuttering the facility two years ago, NRE officials said in a press release. NRE employees have begun making light repairs and inspections of locomotives. The company is seeking additional employees to fill positions.
Wabtec Corp. appointed Rafael Santana and Ann Klee to its board. Santana is Wabtec’s recently named president and chief executive officer, and Klee is GE’s vice president of environment, health and safety. Klee, who brings more than 30 years of experience in environmental and energy law and policy to her post, will retire as VP in late September, Wabtec officials said in a press release.
Cervello announced that it has raised $4.5 million to develop a cybersecurity solution that delivers live network status updates of any cyber activity in a railway operator’s signaling system. The funds will accelerate the company’s technology and allow its expansion into international markets, Cervello officials said in a press release.
Systra Chief Strategic Officer Richard White will be inducted into the American Public Transportation Association (APTA) Hall of Fame for his “tremendous impact” on the public transportation industry, Systra officials said in a press release. White has served as general manager of Bay Area Rapid Transit, the chief executive officer of the Washington Metropolitan Area Transportation Authority and the CEO of APTA, as well as in management positions at New Jersey Transit and the Metropolitan Transit Authority of Harris County. Meanwhile, Systra’s Director of Alternative Delivery Systems Jeffery Wharton will receive APTA’s 2019 Outstanding Public Transportation Business Member Award for his influence on the public transportation industry.
DNJ Intermodal Services (DNJ) opened a location in Bensenville, Illinois. DNJ will operate a neutral chassis pool to help the trucking community expedite freight to and from the Bensenville rail ramp, DNJ officials said in a press release. The location will service Canadian Pacific.
The Railway Supply Institute (RSI) named Railworks Chief Executive Officer Kevin Riddett to its board. Riddett will replace Jim Hilderhoff of GE Transportation following the company’s merger with Wabtec Corp. earlier this year. Riddett will serve the remainder of Hilderhoff’s three-year term set to expire at year's end, and has been nominated for a full three-year term beginning in 2020. Wabtec’s Freight and Industrial Group President Mike Fetsko will continue to serve on the board on behalf of both Wabtec and GE Transportation. Meanwhile, John Hebert has joined RSI as the director of communications and member relations. Previously, Hebert was a senior associate at public affairs firm Venn Strategies and has served in the offices of U.S. Reps. Cheri Bustos (D-lll.) and Don Beyer (D-Va).
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