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Rail News: Railroading Supplier Spotlight

Updates from Wabtec, RailComm, MTU Detroit Diesel, Bombardier, VTG and RailTerm


• Wabtec Corp. has formed a joint venture in China to manufacture and service brake equipment for the Chinese transit market. Hunan CSR Wabtec Railway Transportation Technology Co. Ltd. is owned by Wabtec and Zhuzhou CSR Times Electric Co. Ltd. Prior to forming the joint venture, the two firms worked together to equip Chinese transit systems.

• RailComm has installed a remote control derail system at Amtrak’s Los Angeles maintenance facility, according to the company. The system features two customized local control panels, which include a keypad for advanced security logging. All control panel operations are recorded and stored on a wirelessly linked PC workstation, which enables supervisors, managers and other authorized personnel to review the operation logs and manage the system security.

• MTU Detroit Diesel Inc. has changed its name to Tognum America Inc., which remains a subsidiary of Germany-based Tognum Group, and provides sales and services for MTU engines and MTU onsite distributed energy systems in North and Latin America. The parent company reported $2.8 billion in revenue in 2010 and employs more than 9,000 worldwide.

• Bombardier Inc. reported a 13 percent increase in net income and a 9 percent jump in consolidated revenue for its first fiscal quarter, which ended April 30. Bombardier’s net income rose to $220 million, or 12 cents per diluted share, from $195 million, or 11 cents per share, in the same period a year ago. Consolidated revenue climbed to $4.7 billion from $4.3 billion a year earlier. The company registered a backlog of $55.1 billion on April 30 compared with $52.7 billion on Jan. 31.

• VTG Aktiengesellschaft has acquired the Railcraft group of companies, which maintains offices in Finland, Estonia and Russia. Railcraft rents out its owned and leased rail tank cars for mineral oil. “Altogether, this transaction affords us the opportunity to enter the world’s second largest railway market with a high quality fleet, an experienced team and an established customer base,” said Heiko Fischer, VTG chief executive officer, in a prepared statement.

• RailTerm has moved its headquarters for U.S. train dispatching operations in Rutland, Vt. The new location, which is just a few miles from the original site, features a mile-and-half of data and voice cable that link a customized integrated voice communication/logging system designed specifically for train dispatcher clients, according to RailTerm. The company’s new dispatcher workstations, which operate RailTerm’s TrainMaster application, are housed in soundproof offices. The dispatching office is connected to an upgraded UPS system.

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More News from 6/1/2011