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Rail News: Railroading Supplier Spotlight

Rail supplier news from Riverside Rail, Harsco, HNTB and STV (March 7)

Allstate, Duchossois Capital Management and CC Industries Inc. last week announced the formation of a new freight rail-car leasing company known as Riverside Rail. The investor group has acquired a fleet of 2,032 rail cars, including a mix of covered hoppers, coal cars, mill gondolas, boxcars and centerbeams, the companies said in a press release. The group plans to grow this initial rail-car investment into a larger leasing fleet. Additionally, Riverside Rail plans to build a full-service leasing and management services company over the next several years. BMO Harris Bank led a credit facility for the rail-car acquisition, while Vedder Price served as legal counsel to Riverside Rail.

Harsco Corp.'s track maintenance business has won competitive awards for two separate contract service projects on major transit railroads in the northeastern U.S. The contracts total $10 million in projected revenue. Under one award, a Harsco P811 Track Renewal System and its 24-person crew will replace 22,000 ties and eight miles of rail in the greater New York City metropolitan area during 2016 and 2017. Under the second award, a Harsco New Track Construction machine and its 13-person crew will work in New York and Connecticut building 5 miles of new continuous welded rail track in 2016 and 2017.

Dean Kimball joined HNTB Corp.'s Manhattan office as an architecture department manager and associate vice president. He has more than 30 years of transportation-related experience, including passenger-rail, multimodal facilities and aviation projects. He has worked with Amtrak, MTA Metro-North Railroad, MTA Long Island Rail Road and the Connecticut Department of Transportation. Meanwhile, Paul Adams joined HNTB's office in Newark, N.J., as project director and vice president in the rail transit practice. Adams has more than 40 years of experience as a senior program manager and transportation consultant on rail and tunnel projects throughout the New York City region. Additionally, Adams has served as an engineering consultant to the Port Authority of New York and New Jersey.

STV Inc. promoted Brian Dwyer to vice president. Based in Boston, he serves as STV's director of transit operations. Since joining the company in 2011, Dwyer has provided project management services on initiatives that include the Ottawa Confederation Line light-rail project and the Longfellow Bridge Rehabilitation in Boston.

Contact Progressive Railroading editorial staff.

More News from 3/7/2016