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Rail News: Rail Industry Trends

Updates from Ansaldo STS USA, ShipXpress, Invensys Rail, Vossloh, Trinity and ARI; Also: In Memoriam - Richard Latini


•    Ansaldo STS USA has named Kathryn Spear vice president, strategic marketing. Previously, Spear was director of strategic marketing. As VP, she will be responsible for all aspects of marketing, including product portfolio management, sales support, government relations and external and internal marketing communications.

•    ShipXpress has announced the Aberdeen, Carolina & Western Railway is now implementing its RailSync operating system. RailSync enables the short line’s employees to access the operating system from any web-based computer.

•    Invensys Rail will provide a  new signalling system for the Seremban-to-Gema route double-track project on Malaysia’s rail network.

•    The Vossloh Group has reported first-quarter sales of $295.4 million, up 2.2 percent from the same period last year. Sales in the rail infrastructure division totaled $177.6 million, up 16.8 percent. Excluding the rail services business unit, which was newly consolidated in Q1, the "organic increase" was 7.8 percent. In the transportation division, sales were down 13.8 percent, to $117.7 million.

•    Trinity Industries Inc. reported net income of $2 million for the first quarter of fiscal-year 2010. Revenue totaled $454 million vs. $793.5 million in FY2009's Q1. The rail group reported revenue of $73.6 million, with an operating loss of $7.9 million compared with revenue of $283.9 million and an operating loss of $5.8 million in first-quarter FY2009. The rail-car leasing and management services group reported revenue of $121.2 million. The company had approximately 50,350 cars in its fleet as of March 31 vs. 50,090 cars on Dec. 31, 2009.

•    American Railcar Industries reported first-quarter revenue of $52.3 million and net losses of $7 million compared with revenue of $156.9 million and net earnings or $2.7 million for the year ago period. During the first quarter of FY2010, the company shipped approximately 340 railcars, compared with 1,490 in the same 2009 period.

•    Richard Mario Latini of Babcock & Brown's North American Rail Group died April 13. He began his career working in rail-car repairs before moving into rail-car sales and leasing. He worked with many firms over his career, including North American Car, ITEL, GE Railcar and CIT before joining Babcock & Brown Rail Management.

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More News from 4/29/2010