A unit of Progress Rail Services has agreed to pay a criminal fine of $5 million after it admitted to performing unnecessary repairs on railcars, dumping brake shoes and other parts into the ocean to conceal evidence.
For the 21st consecutive year, Strato, Inc. is the recipient of TTX Company’s SECO (Supplier Evaluation Committee) Award, placing it in the category of top companies earning the TTX Excellent Supplier designation. The SECO award is for 2016.
RailcarRx announced that its Repair Shop Management System now supports the TTX SEI billing format, to assist repair shops in performing billing on TTX pooled equipment.
For the 20th consecutive year, TTX awarded Strato with its 2015 SECO (Supplier Evaluation Committee) Award.
Holland LP has received the “TTX Excellent Supplier” designation based on its overall SECO (Supplier Evaluation Committee) evaluation for 2015. This is the company’s 20th time to be recognized, and 17th consecutive.
TTX Co. said the Surface Transportation Board has approved a five-year extension of TTX’s pooling authority governing all types of flatcars, including those that handle intermodal traffic, finished automobiles, and specialized flatcars for lumber, heavy equipment, and other commodities.
Increasing asset utilization by a single percentage point can make the difference between a typical year and a banner year. By blending operations insight with advanced technology and optimization techniques, the rail industry is achieving performance gains it previously thought were out of reach.