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3/29/2018



Rail News: Railroading Supplier Spotlight

U.S. Sen. Klobuchar tours Loram's Minnesota plant


Founded in 1954, Loram supplies track maintenance machinery and services in North America and around the world.
Photo – REMSA

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U.S. Sen. Amy Klobuchar (D-Minn.) yesterday joined rail industry stakeholders for a tour of Loram Maintenance of Way Inc.'s manufacturing facility in Hamel, Minnesota.

The tour group included representatives from Loram, United Steelworkers Local 2002-9, Operation Lifesaver Inc., Amtrak and local Minnesota railroads. During Klobuchar's visit, the group discussed rail safety programs and continued economic development in greater Minneapolis, according to a press release issued by the Railway Engineering-Maintenance and Suppliers Association (REMSA).

Sen. Klobuchar makes remarks to employees during her visit.
Photo – REMSA

REMSA coordinated the event with the American Short Line and Regional Railroad Association, GoRail, the National Railroad Construction and Maintenance Association, and the Railway Supply Institute.

The group also noted Klobuchar's support for the Building Rail Access for Customers and the Economy (BRACE) Act, which would make permanent the Section 45G short-line tax credit. That credit, which was extended retroactively for calendar-year 2017, enables regionals and short lines to claim a 50-cent tax credit for every dollar they spend on track rehabilitation and maintenance projects.

"It is critical that our lawmakers encourage policies that allow railroads to earn an appropriate return on their infrastructure investments so we can continue to safely expand and upgrade the network," said Phil Homan, Loram's president and chief executive officer.

In Minnesota, 19 freight railroads operate over 4,200 track miles and employ more than 4,500 people.



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