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Rail News: Rail Industry Trends

Updates from The Andersons, Tunnel Radio, Transpo, Perpetuum, Parsons Brinckerhoff and Salco


• The Andersons Inc. reported record fourth quarter net income of $25.8 million, or $1.39 per diluted share, compared with net income of $16.2 million, or 88 cents per diluted share, in fourth-quarter 2009. Revenue totaled $1.2 billion compared with $916 billion in the year-ago period. For full-year 2010, earnings were $64.7 million, or $3.48 per diluted share, on revenue of $3.4 billion, compared with $34.4 million, or $2.08 per diluted share, on total revenue of $3 billion in 2009. The Rail Group reported operating income of $100,000 in 2010 compared with a $1 million loss for 2009. The 2010 results included gains on sales of rail cars and related leases of $5.5 million, compared with $1.7 million in 2009. The majority of the 2010 gains, or $4.3 million, was related to the scrapping of rail cars.

• Tunnel Radio of America Inc. (TROA) recently completed installation of its new Dual Band PTC system in BNSF Railway Co.'s 7.8-mile Cascade Tunnel. In addition, TROA entered into an agreement to equip 19 Union Pacific Railroad tunnels with the latest Tunnel Radio Link, PTC 220 MHz and digital Tunnel Monitoring System diagnostics equipment. Also, TROA is installing multi-band communications in CSX Transportation’s Tennessee tunnel; and working with GE Transportation and MRS Logistica S.A., which purchased UHF Tunnel Radio Link equipment for three major tunnels in Brazil.

• Transpo Industries Inc.'s resin product Sealate® was chosen for use in the U.S. Army Corps of Engineers’ Lake Borne storm surge barrier design-build project in New Orleans. The company’s crack sealer and healer product sealed the top of the floodwall for the barrier, which is nearly two miles long and 26 feet high. The barrier is designed to plug a "v" shape in the levee where the Mississippi River Gulf outlet meets the Intracoastal Waterway.

• Perpetuum recently demonstrated that its Vibration Energy Harvesters can provide energy to power sensors to monitor the condition of wheel bearings, according to the company. The trial demonstration showed that vibration spectra could be correlated with faulty bearings, and then transmit that data wirelessly. The harvester also generated electrical energy suitable for powering such a system, according to a prepared statement.

• Parsons Brinckerhoff (PB) has named Frank Ames senior resident inspector. He will be responsible for oversight of the Massachusetts Bay Transportation Authority’s procurement of 75 new bilevel coaches. Prior to joining PB, Ames served as customer resident inspector with MTA New York City Transit, senior resident inspector with the Niagara Frontier Transit Authority and lead quality inspector with Bombardier Transportation.

• Salco Products has appointed Tyler Jepsen product development engineer and Dave Hammond, sales engineer of process equipment. They will "further enhance our ability to support products in the chlor-alkali marketplace, both in logistics and plant applications," Salco officials said in a prepared statement.

Contact Progressive Railroading editorial staff.

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