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10/23/2014



Rail News: Railroading Supplier Spotlight

Rail supplier news from National Railway, Savage, Sweco, Siemens, Harsco, BNSF Logistics and AXION (Oct. 23)


National Railway Equipment Co. (NRE) announced the transfer of the company to the newly formed NRE-Global Holdings Inc., an employee stock ownership trust. A family-owned corporation since its inception in 1984 by founder Lawrence Beal, NRE enlisted American Working Capital to work with the Beal family to design and implement a customized ownership structure to ensure the company's continued financial flexibility, strength and leadership by Chief Executive Officer Steven Beal and executive management team, NRE officials said in a press release.

Savage announced an agreement with CSX Transportation to provide locomotive fueling services at 30 CSX sites in the eastern United States. Savage already had been providing locomotive fueling services at four CSX sites. The company also provides transloading services at 31 terminals across CSX's network.

Sweco has been commissioned by the Stockholm County Council to design an 11-kilometer underground metro line in Stockholm. The contract, which will be carried out by a joint venture with Spanish consulting engineering company TYPSA, is valued at about $70 million. Sweco will be responsible for planning and designing the new rail line, which will run through a rock tunnel under the Saltsjon Sea. The contract also includes the design of five new stations.

Amtrak has contracted Siemens to build a new Sitras SFC plus static frequency converter for upgrading its facility in northern New Jersey. The order includes the delivery, installation and commissioning of two 30-megawatt converter units, as well as the integration of the multilevel traction converter into the existing Amtrak 25-Hertz traction power supply network to enable parallel operation with the existing converters.

Harsco Corp. appointed Peter Minan chief financial officer, effective Nov. 11. Minan has an extensive background in global financial management acquired through a nearly 30-year career with KPMG, where his roles included national managing partner and partner in charge of the Washington-Baltimore audit practice. He also served as global lead partner for several multinational Fortune 500 industrial and consumer audit clients. Minan most recently was vice president of enterprise risk management and internal audit with Computer Sciences Corp.

Macquarie has begun a sales process for a BNSF Logistics facility in Dayton, Texas. The property is a large rail-car storage-in-transit facility that is fully leased to BNSF Railway Co. via a 20-year lease, which includes two, five-year extension options.The facility is near major petrochemical customers such as ExxonMobil, Chevron and Bayer.

AXION International Holdings Inc. has received a tie purchase order from a major West Coast transit line. The order involves 377,000 switch ties for upgrades to 26 timber turnouts on one of the transit system's busiest and oldest lines. The transit network is one of the largest on the West Coast and one of the busiest systems in North America.



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