Archive for February 1st, 2013
Wabtec Corp. has acquired Lincoln, England-based Napier Turbochargers Ltd., a maker of turbochargers and related parts for the worldwide power generation and marine markets.
The UK firm has annual sales of about $55 million and approximately 150 employees. Wabtec expects the transaction to be accretive in the first year.
“Napier is a strong strategic fit with Wabtec,” said Albert J. Neupaver, Wabtec’s president and chief executive officer, in a written statement. “The company offers highly skilled engineering and technical capabilities, has a reputation for quality products and services, and is well positioned in growing markets. In addition, its large installed base provides a recurring aftermarket revenue stream. We also expect to take advantage of the company’s global presence and growth opportunities in key markets, such as Asia.”
GE Transportation, Locorail and Yakutia Railways have signed a memorandum of understanding to explore the possibility of a strategic relationship to modernize diesel electric locomotives in Russia.
The memorandum creates a framework by which Yakutia Railways, under GE license, will modernize diesel electric locomotives at Yakutia Railways facility in Aldan, Russia, using GE FDL engine kits manufactured at GE Transportation facilities in Erie and Grove City, Pa. Under the agreement, GE Transportation will supply a minimum of 20 FDL engine kits per year for five years.
GE Transportation will work with Locorail and Yakutia Railways to provide service training to maintain and overhaul the modernized FDL engines. GE Transportation will also provide support to address specific improvements that include tooling and equipment at the Yakutia Railways facility in order to provide maximum availability of GE modernized diesel-electric locomotives in the Locorail and Yakutia Railways fleet.
Major U.S. railroads originated 265,839 carloads in the week ending Jan. 26, down 6.3% compared with the same week last year, according to figures released by the Association of American Railroads. Intermodal volume was up 1.6% versus the same week last year, at 238,789 trailers and containers.
Short lines’ intermodal traffic jumped 58.2% in the week, compared with the same week in 2012, at 21,378 carloads. Other traffic was down, falling 1.4% to 116,332.
The AAR said 10 of the 20 carload commodity groups posted increases compared with the same week in 2012, with petroleum products up 56%; farm products, excluding grain, up 16.9%; and primary forest products up 12%. The groups showing a decrease in weekly traffic included metallic ores, down 20.4%; iron and steel scrap, down 16.8%; and coal, down 14.6%.
Canadian railroads reported 75,764 carloads for the week, up 0.5% compared with the same week last year, and 52,028 trailers and containers, up 11% compared with 2012. Mexican railroads reported 15,394 carloads for the week, up 10.5% compared with the same week last year, and 9,709 trailers and containers, down 2.3%.
Class I railroad CSX has appointed Quintin Kendall as vice president of state government and community affairs.
He succeeds Michael O’Malley, who was recently named head of the company’s purchasing and materials group.
Kendall has been serving as regional vice president for state government affairs for the mid-Atlantic region, focusing on infrastructure investment projects, including the National Gateway, which will create a double-stack intermodal freight rail corridor linking mid-Atlantic ports and Midwest distribution centers. Kendall also coordinated company-wide efforts to broaden awareness of freight rail benefits and led CSX efforts to support growth at the Port of Virginia.
Before joining CSX, he served as chief of staff to Mary Peters, Secretary of the U.S. Department of Transportation.
Kendall also serves on the board of directors of the Norfolk and Portsmouth Beltline and of the Virginia Maritime Association and coordinates transportation policy for the Virginia Business Council.