Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Railroading Supplier Spotlight

11/8/2011



Rail News: Railroading Supplier Spotlight

Updates from Koppers, Alstom, Greenbrier and Deetrak Supply


advertisement

• Koppers Holdings Inc. reported third-quarter 2011 net income of $22.4 million, or $1.08 per diluted share, compared with net income of $15.6 million, or 75 cents per share, in third-quarter 2010, according to a Koppers press release. Consolidated sales jumped 19 percent to $401 million, while sales for Railroad and Utility Products (R&UP) rose 15 percent to $135.6 million compared with the same period a year ago. R&UP sales increased due to “higher volumes and prices for crossties and incremental sales of rail joint bar products,” company officials said.

• Alstom booked $14 billion in orders in the first half of fiscal-year 2012 (April 1-Sept. 30), up 45 percent compared with the same period a year ago. Sales for the period fell 10 percent to $12.9 billion, “reflecting the low level of orders taken during the last economic downturn,” Alstom officials said in a prepared statement. Income from operations decreased to $863.6 million compared with a year ago.  Net income for the period was $500 million.

• The Greenbrier Cos. reported fourth-quarter 2011 net earnings of $12.6 million, or 42 cents per diluted share, compared with net earnings of $7.7 million, or 33 cents per diluted share, in fourth-quarter 2010. For the full year, net earnings were $6.5 million, or 24 cents per diluted share, compared with $4.3 million, or 21 cents per diluted share, in fiscal-year 2010. Revenue in the fourth-quarter jumped to a record $442.7 million, up from $178.8 million in the same period a year earlier. For the full year, revenue rose 54 percent to $1.2 billion, compared with $756 million last year.  New rail-car orders for 5,300 units were received during the quarter; orders for 19,500 units were received during the full fiscal year. Greenbrier’s new rail-car manufacturing backlog was 15,400 units as of Aug. 31.

• Deetrak Supply Co. recently named Danielle Kachulis president. She founded the company, which provides railroad materials and supplies for construction projects, in September.


Contact Progressive Railroading editorial staff.

More News from 11/8/2011