Latest Rail Industry News
AirBoss of America Corp. has sold the operating and related assets of its railway track fastening business to Amsted Rail Company. The new business will continue to operate under its trade name of AirBoss Railway Products.
Wabtec Corp. announced today that it has completed its $300-million purchase of Standard Car Truck, an Illinois-based rail parts supplier.
Norfolk Southern has selected Capehart Scatchard as a "Go To" law firm in a survey of top 500 U.S. companies by Corporate Counsel® magazine.
NS named Capehart Scatchard as an outside law firm to which it turns for assistance for litigation.
David Sauder has joined L.B. Foster Company as vice president of global business development, a newly created post.
IONX LLC, the telematics technology unit of Amsted Rail, has acquired Salco Technologies LLC, a telematics provider for leading chemical shippers and a wholly owned subsidiary of Salco Products Inc. Salco Technologies' product lines and operations will be fully integrated into IONX's West Chester, Pa.-based organization by January 2009.
Joseph Boardman, former Federal Railroad Administrator, will lead Amtrak for the next year.
The appointment was hailed widely in railroad circles because of Boardman's familiarity with Amtrak issues and leadership style. Boardman, 59, succeeds CEO Alex Kummant, who resigned in mid-November.