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Rail News: Railroading Supplier Spotlight

Updates from Wabtec, AECOM, Colo Railroad, GATX and Ameresco Solar


• Wabtec Corp. has obtained a $63 million contract from Denver Transit Partners to provide positive train control equipment and services for three new commuter-rail lines to be built by the Regional Transportation District of Denver. Wabtec will provide a dispatch office system, wayside signaling and communication systems, and related integration and project management services. Two Wabtec divisions, Wabtec Railway Electronics and Xorail, will perform the work.

• AECOM Technology Corp. has obtained a $17 million contract extension from Dallas Area Rapid Transit (DART) to complete the second phase of its light-rail expansion. Under the extension, AECOM will provide a variety of project control, system integration and staff support services as DART completes a 20-mile expansion of its Orange and Blue light-rail lines. AECOM’s work on the current light-rail contract began in 2002 and has a value of $82 million to date.

• Colo Railroad Builders has named Paul Treangen chief executive officer. Treangen is formerly a senior executive at Cedar Rapids and Iowa City Railway Co. and Alliant Energy Transportation for more than 20 years. “Paul has led and grown organizations of all sizes, including rail operations, multi-modal transportation and utility operations, and brings unparalleled experience and skills to Colo,” said Frank Condurelis, managing director of L.A. Colo L.L.C., in a prepared statement.

• GATX Corp. reported net income of $32.9 million, or 70 cents per share, in the third quarter compared with net income of $2.1 million, or 45 cents per diluted share, in third-quarter 2010. Net income for the first nine months of 2011 totaled $79.2 million, or $1.68 per diluted share, compared with $61.3 million, or $1.31 per diluted share, in the year-ago period. “Operating conditions remain favorable in the North American rail market. Our fleet utilization at the end of third quarter was 98.2 percent, and lease rates continue to strengthen,” said GATX President and Chief Executive Officer Brian Kenny in a prepared statement. “The Lease Price Index was a positive 9.6 percent as we saw high demand for many car types. Also, during the quarter we began to take delivery of new rail cars that are a part of our five-year supply agreement announced earlier this year.”

• Ameresco Inc. announced that subsidiary Ameresco Solar has reached an agreement to provide the small area module line of solar panels that range from 5 watts to 180 watts (previously offered by BP Solar International Inc.) under the Ameresco Solar Brand, company officials said in a prepared statement. “This agreement strategically keeps the product headquarters in the same U.S. location and helps to make sure warranties are facilitated and information exchanges happen in a real-time fashion moving forward,” they said.

Contact Progressive Railroading editorial staff.

More News from 10/21/2011