maintenance of way

Wabtec to acquire Brazilian maintenance-of-way equipment supplier

Rail technology and equipment provider Wabtec plans to acquire Super Metal, a supplier of automated vehicles and equipment solutions headquartered in Brazil.

Pittsburgh-based Wabtec (NYSE: WAB) says the acquisition will complement a March 2021 purchase of maintenance-of-way (MOW) manufacturer Nordco and help expand its presence in international markets. Wabtec describes Super Metal as one of the leading companies in Brazil involved in MOW equipment.

Wabtec didn’t disclose the financial terms of...

https://www.freightwaves.com/news/wabtec-to-acquire-brazilian-maintenance-of-way-equipment-supplier

Rail Roundup: Leadership transitions, US rail traffic dips in January

Union Pacific names Beth Whited as EVP of sustainability and strategy

Union Pacific has named Beth Whited as executive vice president of sustainability and strategy, effective immediately.

This new role for Whited — she has served as EVP and chief human resources officer for UP since 2018 and will continue to lead that division — comes as UP (NYSE: UNP) is seeking to reach a goal of net-zero carbon emissions by 2050. The railroad just announced plans to purchase 20 battery-electric locomotives as...

https://www.freightwaves.com/news/rail-roundup-leadership-transitions-us-rail-traffic-dips-in-january

Auxo sees potential in integrating rail service offerings post-PSR

As the Class I railroads implement precision scheduled railroading, the focus is on ensuring the network runs smoothly and efficiently. While the railroads still have maintenance crews, some companies are taking advantage of the industry’s openness to outsourcing the everyday maintenance work. 

That’s why Auxo Investment Partners, a Grand Rapids, Michigan-based private equity firm specializing in manufacturing, industrial and transportation investments, has acquired two companies that provide...

https://www.freightwaves.com/news/auxo-sees-potential-in-integrating-rail-service-offerings-post-psr

Rail Roundup: Genesis has new owner; Lineage opens cold storage warehouse

Auxo Investment Partners acquires Genesis Rail Services

Private investment firm Auxo Investment Partners has acquired Genesis Rail Services, a full-service railroad maintenance company based in Bluefield, West Virginia, and Roanoke, Virginia. 

Genesis Rail Services, which was founded in 2009, provides outsourced maintenance of way, mechanical and construction services to Class I, Class II and industrial railroads across the U.S. The company recently patented its flagship service: a tie plate...

https://www.freightwaves.com/news/rail-roundup-genesis-has-new-owner-lineage-opens-cold-storage-warehouse

Wabtec acquires rail equipment manufacturer Nordco

A photograph of Nordco's maintenance of way equipment.

Pittsburgh-headquartered rail technology provider Wabtec (NYSE: WAB) is acquiring Nordco, which supplies new, rebuilt and used maintenance-of-way equipment. Nordco, which had belonged to parent company Greenbriar Equity Group, also offers mobile railcar movers and ultrasonic rail flaw detection technologies.

The acquisition, worth $400 million in cash, has been finalized and received regulatory approvals, and the deal should close in the coming weeks, according to Pascal Schweitzer, vice...

https://s29755.pcdn.co/news/wabtec-acquires-rail-equipment-manufacturer-nordco