Rail

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

Atlanta Streetcar gets FTA grant to explore system expansion

The FTA monies would go toward an “Atlanta Beltline Transit Supportive Land Use Implementation Plan,” involving 16 miles of proposed east, west and crosstown streetcar corridors.

China developing 300 mph trains to lead export of high-speed tech

Under an ambitious government plan starting this year, the country is developing trains that can run on a hybrid-propulsion system that allows higher speeds.

Part of Amtrak investment package to modernize D.C. Union Station concourse

Early action construction will start in the fall of 2016 and include the relocation of heating and ventilation. Full-phased construction, funded by the new investment package, is anticipated to start in 2017 and will seek to minimize impacts to all station users.

Talgo to return to Milwaukee location to refurbish LA Metro railcars

In 2015, Talgo settled a lawsuit against the state, resulting in the company receiving roughly $50 million and keeping the two trains that were manufactured.

Metra seeks $20M grant for PTC installation

With the grant funding, Metra plans to help fund installation of PTC on its Milwaukee West Line to Elgin and North line to Fox Lake.

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

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

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