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Rail News: Railroading Supplier Spotlight

Updates from Koppers, RailComm and FreightCar America

• Koppers Inc. has obtained a purchase order, valued at $9 million to $11 million, to supply treated crossties to Vale in South America. The order is expected to be completed this year, according to a Koppers’ press release. “We are optimistic that this new business in Brazil will evolve into a long-term relationship with Vale as well as other emerging countries in South America,” said Koppers President and Chief Executive Officer Walt Turner.

• RailComm has named Kevin Clyne director of transit sales. He has more than 12 years of experience at Class I, short-line and transit railroads. Prior to joining RailComm, Clyne held various management positions with Mauell Corp., Egis Inc. and General Electric Co. Most recently, he was Mauell’s transit relationship manager for North America. Clyne previously worked with numerous agencies and railroads to identify technology solutions for throughput or safety, RailComm officials said in a press release. Most notably, he helped to establish the locomotive tracking market with CSX Transportation while serving as a product manager for GE, they said.

• FreightCar America Inc. posted fourth-quarter net income of $8.5 million, or 71 cents per diluted share, compared with a net loss of $3.5 million, or 29 cents per diluted share, in fourth-quarter 2010. Revenue totaled $187.1 million, up from $51 million for the same year-ago period. The company delivered 2,489 rail cars in the quarter, of which 2,153 were new, 62 were used and 274 were leased, compared with 694 new cars delivered in fourth-quarter 2010. There were 4,481 units ordered in the quarter, which included 3,300 rebuilt units, compared with 331 units ordered in fourth-quarter 2010. The manufacturing backlog reached 8,303 units on Dec. 31, 2011, versus 2,054 units on Dec. 31, 2010.

Contact Progressive Railroading editorial staff.

More News from 2/21/2012