Amsted Rail agrees to acquire Amsted Rail-Faiveley brake components business
Amsted Rail announced Oct. 28 that it has entered into an agreement to acquire 100% ownership of the Amsted Rail-Faiveley brake component business for freight cars.
Amsted Rail announced Oct. 28 that it has entered into an agreement to acquire 100% ownership of the Amsted Rail-Faiveley brake component business for freight cars.
Amsted Rail and GE Transportation have formed a joint venture “to combine GE’s experience in train management and locomotive monitoring with Amsted Rail’s expertise in onboard monitoring of railcar component condition,” the companies said in an announcement. It’s “the first ever integrated onboard train monitoring platform for the freight rail industry.”
Citing “reductions in new railcar demand and improved efficiencies of the railroads in North America for the foreseeable future,” Amsted Rail is temporarily idling its Bessemer, Ala., Griffin® wheel facility. Amsted Rail expects to accomplish this before the end of September 2016.
Four of the most important industrial associations in the USA—the Railway Engineering-Maintenance Suppliers Association (REMSA), the Railway Supply Institute (RSI), the Railway Systems Suppliers, Inc. (RSSI) and the American Railway Engineering and Maintenance-of-Way Association (AREMA)—are coming to InnoTrans in Berlin Sept. 20-23, 2016, in order to “present a concentrated display of their country’s economic strengths in the rail transport sector.”
Canadian National Railway (CN) announced on Dec. 10, 2015 a new long-term contract with Amsted Rail to produce one million wheels for use at its Transcona mechanical facility.
At the League of Railway Industry Women (LRIW) “Women in Rail” panel discussion, which took place at Railway Interchange 2015 on Oct. 5, 2015 and was sponsored by Amsted Rail, the message was all about seizing opportunity.
Progress Rail Services Corp., a Caterpillar company, on Sept. 28, 2015 entered into a definitive agreement to purchase Rail Product Solutions, Inc. (RPS) from Amsted Rail Company, Inc. RPS is a leading North America provider of track fastening products and integrated fastening systems.
Amsted Rail is making a significant capital investment in its Griffin wheel facilities that will boost wheel capacity more than 10% across its five North American locations, the company announced June 24, 2015.
Amsted Rail announced Monday, Sept. 15, 2014, that it is making its first-ever appearance at InnoTrans 2014 in Berlin, Germany, which runs Sept. 23-26.