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Rail News: Railroading Supplier Spotlight

Updates from RMI, RailComm, Wabtec, Whitmore and American Railcar


• RMI has obtained a five-year agreement from RailAmerica Inc. to implement its ExpressYard car repair billing and operations management software system, Under the agreement, RailAmerica will implement ExpressYard CRB at 20 rail-car repair facilities in North America by July, RMI parent GE Transportation announced in a press release. The parties have begun the implementation process at the Huron and Eastern Railway; Indiana & Ohio Railway; Chicago, Fort Wayne & Eastern Railway; and Toledo, Peoria & Western Railway.

• CSX Transportation expanded its Domain Operations Controller (DOC®) system at Boyles Yard in Birmingham, Ala., according to a RailComm press release. RailComm provided modifications to the existing DOC® server to add graphical control for additional switch and gate locations. RailComm’s 2.4 GHz RADiANT™ data radios are designed to provide a wireless communications network to link an office with field locations.
• Wabtec Corp. reported fourth-quarter net income rose to $46.3 million, or 96 cents per common share, from $31 million, or 64 cents per share, for the same quarter a year ago. Sales rose 36 percent to a record $535 million, driven mainly by freight group sales, Wabtec officials said in a press release. Income from operations totaled $72.5 million, or 13.6 percent of sales. For the full year, Wabtec reported net income of $170 million, or $3.54 per common share, compared with $123 million, or $2.57 per common share, in 2010. Net sales totaled $1.97 billion, up from $1.5 billion the previous year. By year’s end, Wabtec’s multi-year backlog had increased 44 percent to a record $1.55 billion.

• Whitmore Manufacturing Co. has named Kevin Adkins railroad account manager. A railroad industry veteran, Adkins will be responsible for managing sales development in the eastern United States. He most recently served L.B. Foster Co.’s Portec Rail Products RMP Division as a member of the field sales and service team. Whitmore’s railroad division has experienced rapid growth in the United States and internationally over the past few years, company officials said in a press release.

• American Railcar Industries Inc. (ARI) reported fourth-quarter net income of $5.1 million, or 24 cents per share, compared with a net loss of $7.8 million, or a loss of 37 cents per share, in fourth-quarter 2010. Revenue grew to $196.8 million, more than twice the $95.3 million in revenue for the year-ago period. Rail-car shipments increased year over year from 950 to 2,170. For the full year, net income totaled $4.3 million, or 20 cents per share, compared with a net loss of $27 million, or $1.27 per share, in 2010. Total revenue rose to $519.4 million versus $273.6 million in 2010. The company’s orders for 2011 increased to 10,710 units, the highest level since 2005, ARI officials said in a press release. As of Dec. 31, the backlog was 6,530 cars, including 2,200 cars for lease, compared with 1,050 cars on Dec. 31, 2010.

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More News from 2/23/2012