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Rail News: Rail Industry Trends

Updates from Wabtec, ALK Technologies and CF Rail Services


• Wabtec Corp. reported record first-quarter sales and earnings. Sales increased 25 percent to $455 million compared with $364 million in the year-ago quarter and earnings per diluted share rose 35 percent to 85 cents compared with the same period a year ago. Income from operations reached a record $66 million, or 14.6 percent of sales vs. 14 percent a year earlier. As of March 31, Wabtec’s backlog value registered a record $1.5 billion, a 39 percent increase compared with year-end 2010.

• ALK Technologies Inc. recently named Barry Glick chief executive officer. He has more than 25 years of experience in the location technology and navigation industry. In 1994, Glick was founding CEO of GEOSystems Global Corp., and led the company to its initial venture capital funding and development of the consumer website. He later became chairman and CEO of Webraska Mobile Technologies Inc. in France. When the company was sold to Sanef, he then served as VP of internet, mobile and media products for NAVTEQ, which later was sold to Nokia.

• CF Rail Services recently reached “key milestones” with the addition of Darrell Waldrop, director of mechanical, to the management team and the acquisition of Waycross Railcar, the latest addition to the company’s shop network, CF Rail officials said in a prepared statement. Waycross supplies onsite rail-car cleaning, repair and mobile services. “Our primary focus continues to be on quality repair and maintenance done with the highest safety and environmental standards,” said Bill Plavsic, director of repair services for CF Rail.

Contact Progressive Railroading editorial staff.

More News from 4/27/2011