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Rail supplier news from Greenbrier, Alstom, HDR, Railroad Consultants and Transdev (July 10)

Rail News Home Railroading Supplier Spotlight 7/10/2020 Rail News: Railroading Supplier Spotlight
image Bill FurmanPhoto – Greenbrier

The Greenbrier Cos. Inc.’s board announced that Chairman and Chief Executive Officer Bill Furman will continue in his current position for up to two more years, retiring in 2022. The board took this action to ensure the continuity of an experienced leadership team in the current COVID-19 crisis and accompanying environment of economic uncertainty, Greenbrier officials said in a press release. Meanwhile, Greenbrier also reported financial results for its third fiscal quarter ending May 31. Greenbrier reported Q3 revenue at $762.6 million, a $138.8 million increase compared with Q2. The increase is attributed to higher deliveries reflecting increased syndication activity. Net earnings attributable to Greenbrier for the quarter were $27.8 million, or 83 cents per diluted share.

Alstom has proposed several commitments to address the European Commission’s concerns about the company’s planned acquisition of Bombardier Transportation in the first half of 2021. The proposed commitments include a transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO high-speed train; the divestment of the Alstom Coradia Polyvalent and the Reichshoffen production site in France; and the divestment of the Bombardier TALENT 3 platform and dedicated production facilities located within the Hennigsdorf site in Germany. Alstom will also provide access to certain interfaces and products for some of Bombardier Transportation’s signaling on-board units and train control management systems. The commitments are subject to European Commission approval.

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LIRR to eliminate grade crossing in New Hyde Park

Rail News Home Passenger Rail 7/10/2020 Rail News: Passenger Rail
image MTA aims to eliminate eight at-grade rail crossings by 2022.Photo – MTA Facebook

MTA Long Island Rail Road (LIRR) crews this weekend will install a new bridge over New Hyde Park Road on the border of New Hyde Park and Garden City in Long Island, New York, to eliminate a grade crossing. 

Over the past several months, crews have been building the new bridge adjacent to the tracks, in preparation for this weekend’s installation. 

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RBMN to challenge latest court ruling on SEDA-COG's authority

Rail News Home Short Lines & Regionals 7/10/2020 Rail News: Short Lines & Regionals
image RBMN has also challenged SEDA-COG Rail Authority's structure, organization and expansions.Photo – RBMN

Reading, Blue Mountain & Northern Railroad (RBMN) officials announced yesterday they will challenge a recent three-judge panel's ruling that affirmed a trial judge's decision to reject the company's lawsuit against the SEDA-COG Joint Rail Authority.

At issue is the process the rail authority used in 2014 when it sought proposals for a company to operate five short lines in eight central Pennsylvania counties. RBMN, which came in last in the authority's preliminary rankings, contended the process was designed to eliminate it from consideration, Pennlive.com reported.

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Ontario Northland Railway, Monarch Gold ink MOU

Rail News Home Short Lines & Regionals 7/10/2020 Rail News: Short Lines & Regionals
image The agreement allows for the negotiation of a favorable rate for the transportation of ore under an MOU with Glencore Canada Corp.Photo – Ontario Northland

Monarch Gold Corp. signed a memorandum of understanding (MOU) with Ontario Northland Railway that calls for rail transportation of ore from Monarch's Wasamac gold project to the Kidd concentrator in Timmins, Ontario. 

The MOU's first phase consists of an economic study of infrastructure for the transportation of ore by train from Wasamac to Kidd. The study is expected to be completed no later than Dec. 31.

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OmniTRAX expands rail-ready program to Stockton Terminal and Eastern

Rail News Home Short Lines & Regionals 7/10/2020 Rail News: Short Lines & Regionals
image OmniTRAX Inc. is expanding its Rail-Ready Sites program to the Stockton Terminal and Eastern Railroad (STE) in Northern California. The company is working with the San Joaquin Partnership to promote developable, rail-ready property adjacent to the STE. The initial three sites total 83 acres and include a 65-acre parcel, OmniTRAX officials said in a press release. The locations would suit rail-served agriculture, manufacturing, asphalt, cement, chemicals, food processing, lumber, steel and distribution facilities, they said. "San Joaquin County and the greater Stockton region are going through an industrial and agricultural renaissance that our Rail-Ready Sites program will help to support," said Ean Johnson, OmniTRAX vice president of industrial development.  STE is an affiliate of OmniTRAX, which launched its Rail-Ready Sites program last year at the Winchester & Western Railroad in West Virginia and New Jersey.  

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