Plasser American signed a contract to increase the manufacturing capacities at its plant in Chesapeake, Virginia. The $52.6 million investment will include a new office building and an expanded assembly area with a 229,000-square-foot warehouse. The enhancements will increase output by more than 100% due to a new assembly production flow, the efficient design of the workspaces and additional employees, Plasser officials said in a press release.
PINC acquired RailcarRx, a software and service provider that provides maintenance, repair, fleet and asset management insights for the rail industry. In September, PINC also acquired a transportation management software (TMS) carveout from Wabtec Corp. The software provides cloud-based shipment management applications to industrial shippers that move goods over multimodal transportation. RailcarRx will extend these capabilities by enabling shippers to monitor rail fleet health, track various repair and maintenance stages and improve rail logistics operations, PINC officials said in a press release.