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RAIL EMPLOYMENT



Rail News Home Rail Industry Trends

2/18/2011



Rail News: Rail Industry Trends

Updates from Ansaldo, AECOM, Thales, FreightCar America, Trinity and DuPont


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•    Ansaldo STS-led consortium Raggruppamento Temporaneo di Imprese has obtained a $662 million contract to perform technological upgrades to the conventional lines on the Turin-Padua route in Italy.  Ansaldo STS’ share of the contract is $272 million.  The contract includes two centralized traffic control systems/multi-station that regulate traffic management and integrated diagnostics on equipment along the line.

•    AECOM Technology Corp. has obtained a $22 million detailed design contract from the Singapore Land Transport Authority. The contract is one of five major architectural and engineering consultancy packages related to the construction of the Thomson Line. AECOM will design five underground stations and complete nearly four miles of route-alignment work, according to the company. The Thomson Line is scheduled for completion in 2018.

•    Thales, as part of two consortiums, has obtained contracts for the construction of two new metro lines in Panama City and Santo Domingo, Dominican Republic. The Alstom/Thales/Cim-Tso/Sofratesa Consortium has been selected to supply train control systems for Panama City’s first metro line. In this arrangement, Thales will provide supervision and telecommunications for the line. In Santo Domingo, transit operator OPRET has awarded a construction contract to the Siemens/Thales/Cim-Tso/Sofratesa Consortium to build a second line of the Santo Domingo Metro. Thales will provide the systems for communication, supervision, signaling and ticketing.

•    FreightCar America Inc. reported a net loss of $3.5 million, or 29 cents per diluted share, on revenue of $51 million in fourth-quarter 2010, compared with a net loss of $5.5 million, or 47 cents per diluted share, on revenue of $49.4 million in 2009. For the full year, the company registered a net loss of $12.8 million, or $1.07 per diluted share, on sales of $142.9 million, compared with net income of $4.9 million, or 42 cents per diluted share, on sales of $248.5 million a year ago. Railcar deliveries in 2010 totaled 2,229, compared with 3,377 in 2009.

•    Trinity Industries Inc. reported net income of $17.3 million, or 22 cents per share, in fourth-quarter 2010, compared with net income of $14.6 million, or 19 cents per share, for the same 2009 period. Included in 2010’s fourth quarter results were $3.7 million in after-tax costs related to the redemption of the company’s senior notes. Revenue was $652 million for the quarter, compared with $508 million in 2009. The Rail Group reported revenue of $204 million with an operating profit of $8.8 million in fourth-quarter 2010, compared with revenue of $142 million and an operating loss of $9.4 million in fourth-quarter 2009. For the full year, the company reported net income of $67.4 million, or 85 cents a share, compared with a net loss of $137.7 million, or $1.81 per share, in 2009. The loss in 2009 included a $243.3 million after-tax charge related to its rail businesses. Full-year revenue was $2.2 billion in 2010, compared with $2.6 billion a year earlier.

•    The U.S. Environmental Protection Agency has granted DuPont registration approval for its DuPont™ Perspective™, Streamline™ and Viewpoint™ herbicides. The three herbicides are designed to provide land managers with products that help control overgrown vegetation that can cause safety concerns at railroad sites and other areas, according to a prepared statement. The products are based on aminocyclopyrachlor, a new chemistry from the DuPont pipeline, the company said. The U.S. registration marks the first commercialization of this chemistry.


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