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Rail News: Passenger Rail

Updates from Siemens, LTK, Invensys Rail, Trinity, American Railcar and eAccess


• Siemens Mobility and local partner Nanjing Research Institute of Electronic Technology have equipped Nanjing Metro Corp.’s 23.6-mile Metro Line 2 and its trains with Trainguard MT automatic train control systems.

• LTK Engineering Services appointed Michael Tagaras manager, south central region. He will be based in Dallas. Tagaras previously served as manager for the firm’s South Texas area based in Houston and New England area based in Boston.  

• Invensys Rail received a $50 million contract from Network Rail to design, manufacture, install, test and commission the Thameslink core area project. The project is designed to increase route capacity, allowing 24 trains per hour to run from Loughborough Junction in the south, through central London and on to Kentish Town. The first stage of the project will be commissioned at Kentish Town station in April 2011, with the final stage scheduled for completion in April 2012. Invensys also appointed Graeme Charnock chief financial officer to succeed Geoff Campion, who will remain with the company as vice president of project assurance. Charnock previously was group controller and finance director for AMEC plc.

• Trinity Industries Inc. reported $18.4 million in net income for the second quarter of fiscal-year 2010 vs. a net loss of $209.4 million in the year-ago period. Q2 revenue totaled $543.1 million compared with $716.1 million for Q2 2009. The rail group reported $112.9 million revenue with an operating loss of $2.7 million vs. revenue of $303.3 million and an operating loss of $328.7 million in Q2 2009. The company shipped about 890 rail cars and received orders for about 1,900 cars during the second quarter. As of June 30, the rail group’s order backlog was valued at $300 million, representing about 3,990 rail cars.

• American Railcar Industries Inc. reported $61.2 million in revenue and net losses of $5.9 million for the second quarter of fiscal-year 2010, compared with $109.9 million in revenue and net earnings of $1.1 million for the year-ago period.

• eAccess L.L.C., a Cubic Corp. subsidiary that supplies smart card products, will deliver 1 million smart cards to the Port Authority of New York and New Jersey’s Port Authority Trans-Hudson as part of a new three-year contract. Delivery of the limited use, contactless smart cards will begin later this summer.

Contact Progressive Railroading editorial staff.

More News from 7/30/2010