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Rail News: Rail Industry Trends

Updates from Siemens, Alstom, Pandrol USA, Koppers Holdings, GATX, Railinc and Cornerstone


• Siemens obtained contracts to deliver locomotives to rail operators in two countries. In Australia, private rail operator Pacific National has ordered freight locomotives for coal transport in Queensland. In Austria, Wiener Lokalbahnen Cargo ordered four universal locomotives to serve the East-West axis from Hamburg, Germany, to Budapest, Hungary. The contracts have a combined value of $57.8 million.

• Alstom reported orders totaling $2.57 billion and sales totaling $6.04 billion during the first quarter of fiscal-year 2010. Sales dropped slightly compared with the same period last year. In addition, Alstom announced it has received a $74.5 million contract from the Tunis transit authority to supply 16 additional Citadis tramsets and maintenance services for its entire fleet of Citadis trams. The 16 additional trams will be identical to the 39 tramsets Alstom delivered between 2007 and 2009.

• Pandrol USA received a contract from Stella-Jones Inc. to supply captive fastenings for a concrete tie to wood tie change out on the Massachusetts Bay Transportation Authority’s Old Colony line. The $10 million contract calls for the delivery of 375,000 cast plates with Pandrol FASTCLIP rail fastenings attached and is expected to be completed by year's end.

• Koppers Holdings Inc. appointed Leroy Ball vice president and chief financial officer. He will succeed Brian McCurrie, who was named senior vice president of global carbon materials and chemicals. Ball previously was senior vice president and CFO of Calgon Carbon Materials and Chemicals.

• GATX Corp. reported net income of $21.5 million for the second quarter of fiscal-year 2010 vs. net income of $12.7 million in the second quarter of FY2009. Rail segment profit was $29.4 million vs. $44.3 million for the year-ago period. As of June 30, GATX's North American fleet totaled 109,000 cars and fleet utilization was 96.5 percent vs. 96 percent at the end of the first quarter.

• Railinc announced that its RailSight Car Location Message (CLM) engine now features “historical trace capabilities for multi-year analysis,” according to a prepared statement. The service also now integrates with web services and SAP supply-chain software for connections to rail fleet and rail event data.

• Cornerstone Systems Inc. named Patrick Nieman chief financial officer. He previously served Cornerstone in 1997 as controller and was promoted to CFO in 2002. He joined Del-Nat Tire Corp. in 2007 as director of finance.

Contact Progressive Railroading editorial staff.

More News from 7/22/2010