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Rail News: Rail Industry Trends

Updates from Bombardier, RailComm, Alstom, AECOM and Greenbrier


•    Bombardier Transportation, along with consortium partners Queiroz Galvao and Construtora OAS, obtained a $1.4 billion contract to design, supply and install a 14.9-mile Bombardier INNOVIA Monorail 300 system in Sao Paulo, Brazil, for Companhia do Metropolitano de Sao Paulo. Bombardier's share of the contract is $816 million.

•    RailComm has been ranked by Inc. magazine’s "Inc. 5,000 list" of the fastest-growing private companies in the country. RailComm was recognized based on its three-year revenue growth and ranked 271st among the top software development companies. The is RailComm’s fourth year in a row being recognized on the Inc. 5,000 list.

•    DB Schenker Rail, the Mitteldeutsche Eisenbahngesellschaft (MEG) and Alstom signed an agreement for long-term testing of Alstom’s hybrid shunting locomotives. MEG, a subsidiary of DB Schenker Rail, will lease five hybrid locomotives from Alstom, with the option to purchase them at a later date. The hybrid locomotive has been subjected to endurance tests since 2008 and the tests will be extended to another four locomotives by the end of 2011.

•    AECOM Technology Corp. announced it has agreed to acquire RSW Inc., an international engineering firm based in Montreal, Quebec. RSW generated about $45 million of gross revenue in the 12 months ending Nov. 20, 2009. AECOM expects the transaction to be accretive to cash earnings per share in fiscal-year 2011, according to a press release.

•    The Greenbrier Cos. announced it has received orders for 3,000 new rail cars with an aggregate value of about $200 million. The orders — which consist of 2,250 double-stack intermodal platforms, 500 covered hopper cars and 250 rail cars of various types for the European market — are expected to be delivered in 2010 and 2011. The company also announced preliminary unaudited financial results for its fourth quarter, which ended Aug. 31. Based on the company’s initial closing, revenue is expected to be about $185 million. A net loss of between 15 cents and 20 cents per share is expected.

Contact Progressive Railroading editorial staff.

More News from 9/28/2010