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Rail News Home Passenger Rail

1/10/2020



Rail News: Passenger Rail

Rail supplier news from Greenbrier, Cubic, Moovit, Ondas, Railway & Industrial, NRC and RSI (Jan. 10)


Herzog Inc. Chief Commercial Officer James Hansen was elected NRC chairman.
Photo – NRC

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The Greenbrier Companies Inc. reported $7.7 million, or 23 cents per diluted share, on revenue of $769.4 million in its first fiscal quarter, which ended Nov. 30, 2019. Quarterly results include $2.2 million of integration-related expenses from the American Railcar Industries acquisition. Greenbrier also received 4,500 rail car orders during the quarter, valued at $450 million. Based on current business trends and production schedules for fiscal-year 2020, company officials said in a press release that revenue will total about $3.5 billion and the company will deliver between 26,000 and 28,000 cars.

Cubic Transportation Systems and Moovit have entered into a definitive agreement to co-develop mobile solutions for public transit agencies. The partnership will allow integration of Moovit’s MaaS application programming interfaces with Cubic’s Traveler application to enable mobile ticketing, service alerts, multimodal trip planning and real-time arrival information in a single platform. 

Ondas Networks Inc. has deployed its FullMAX software-defined radio technology in the 900 MHz licensed frequency band for an undisclosed North American Class I. This order is the second significant engagement with a Class I rail operator for Ondas, following the completed deployment of a multiphase field trial with another major railroad in fourth-quarter 2019.

Railway & Industrial Services Inc. is selling its 39-acre rail-car repair facility in Crest Hill, Illinois. The site offers direct access to CN’s mainline via an active spur, 6 miles of track and five office and industrial buildings, Hilco Real Estate LLC said in a press release. Three 40-ton locomotive cranes also will be included in the sale. The offer deadline is Feb. 19.

The National Railroad Construction and Maintenance Association (NRC) appointed rail industry veteran James Hansen as its chairman. Hansen, chief commercial officer of Herzog Inc., will serve a two-year term.

The Railway Supply Institute (RSI) Equipment Leasing Committee named Harry Zander chairman and Sean Hankinson, vice chairman, to each serve a two-year term. Zander is the senior vice president of TrinityRail, and Hankinson is VP of sales for The Andersons Inc. The Equipment Leasing Committee is responsible for evaluating and guiding RSI on regulatory and public policy issues.



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