Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

View Current Digital Issue »


Rail News Home Railroading Supplier Spotlight


Rail News: Railroading Supplier Spotlight

Updates from Alstom, American Railcar, RMI and Salco Products


• Alstom-led consortium Grupo de Empresas has obtained a contract worth $741 million to build the second line of Los Teques metro in Miranda State, Venezuela. Alstom’s share of the contract is worth $455 million, according to a press release. Alstom’s stake in the consortium is 60 percent, followed by Colas Rail at 22 percent and Thales AG at 17 percent. Alstom will undertake the project’s global coordination, including engineering, integration and commissioning of the electromechanical works on a turnkey basis.

• American Railcar Industries Inc. reported third-quarter net earnings of 19 cents per share compared with a net loss of 29 cents during the same period a year ago. Revenue rose to $125.8 million versus $64.8 million for the year-ago period. The company’s backlog increased to 7,110 rail cars as of Sept. 30, the largest since June 2008, according to a prepared statement. The backlog included 1,700 cars for lease. The company’s backlog stood at 1,050 cars on Dec. 31, 2010.

• RMI has named Bart Romano as a senior sales account manager. He will focus on meeting the commercial needs of Class I customers, RMI officials said in a prepared statement. Romano has more than 20 years of experience in the transportation industry, specializing in strategic account management and enterprise supply chain solutions.

• Stoy Taylor has joined Salco Products as an account manager. Among his initial responsibilities: continuing the firm’s relationship with the clay industry customer base, focusing on opportunities in the ports of Charleston, S.C., Savannah, Ga., and Jacksonville, Fla., and developing additional business in the Southeast. His experience includes two decades serving the clay industry and extensive work in major southeastern U.S. ports.

Contact Progressive Railroading editorial staff.

More News from 10/31/2011