L.B. Foster to sell railway securement business

Posted on May 16, 2012

Pittsburgh-based L.B. Foster Co. announced that its infrastructure products company will sell its railway securement business in a transaction expected to be completed by the end of the second quarter.

L.B. Foster acquired the shipping systems division as part of its acquisition of Portec Rail Products Inc. in December 2010. In announcing the decision to sell the unit, the company noted that other industry participants would be a better strategic fit, and therefore provide better growth potential for the business and its employees.

The shipping systems business employs 35 employees and maintains facilities in Chicago and Kenova, W.V. The unit manufactures chain, cable and strap tie-down systems for vehicle and load securement in rail freight applications. L.B. Foster intends to release details of the sale upon completion of the transaction.

View comments or post a comment on this story. (0 Comments)

More News

Bombardier to supply 4 more trams to Australia

The order is valued at approximately $18 million and is an exercise of an option included in a contract signed in 2011.

Texas' DCTA receives grant for A-Train Rail Trail

Once complete, the Lewisville Hike and Bike trail will run from DCTA’s Hebron Station all the way to the Highland Village/Lewisville Lake Station. Construction on the last portion of the Lewisville Hike and Bike trail is expected to begin in early 2016.

Metra prepares for winter weather with switch covers, heaters

Additionally, agency is continuing to repair and replace railcar doors that are prone to fail in winter conditions.

Alstom to supply Citadis trams to Lyon, France

The order, worth over $21 million, represents the exercise of an option on a contract signed in 2011.

XpressWest chosen to build Las Vegas-to-L.A. high-speed rail

The initial phase of the XpressWest project, which will link Las Vegas to Victorville, Calif., will cost $8 billion.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close