Spotlight on Rail Suppliers
Rail News: Spotlight on Rail Providers
RailWorks Corp. acquired H&H Engineering Construction Inc., a California-based railroad construction and maintenance contractor that provides services to mass transit, ports, freight railroads and rail-served industrial businesses. The purchase will help expand the company’s presence on the West Coast to serve a diverse group of customers, RailWorks officials said in a press release. Financial terms were not disclosed. The acquisition of H&H follows RailWorks’ purchase of the rail welding services division of Progress Rail Services Corp.
Hub Group Inc. acquired TAGG Logistics, which specializes in e-commerce and business-to-business fulfillment services, including warehousing and transportation. TAGG was founded in 2006 and has since grown into a 4 million square foot warehouse space. The acquisition will strengthen Hub Group’s presence in the consolidation and fulfillment space and add e-commerce options for customers’ multimodal and logistics needs, Hub Group officials said in a press release. The acquisition was valued at $103 million and financed with cash.
PS Logistics subsidiary Purdy Brothers Trucking acquired certain transportation assets from Phoenix Leasing of Tennessee Inc. and entered into an agreement with Phoenix Leasing sister company Colonial Freight Systems Inc. to contract drivers to continue to serve Colonial’s customers. The purchase will further strengthen PS Logistics’ refrigerated operations in the southeastern United States by adding more than 55 hire-purchase drivers to the Purdy Brothers fleet, including more than 50 new tractor models. Financial terms of the acquisition were not disclosed.
Stadler Rail will supply 56 TINA trams to Hallesche Verkehrs-AG (HAVAG). This is the fourth order that Stadler will fulfill for HAVAG. The first trams are expected to enter service in Halle, Germany in 2025. The order calls for two bi-directional vehicles of two different lengths – 39 vehicles of the future MGT-M model will be approximately 98 feet long and can accommodate 166 passengers each, 64 seated . The other 17 vehicles will be the 147-foot-long MGT-XL model, which can accommodate 267 passengers each, 96 seats.
The Taiwan Railway Administration has selected Lilee Systems to provide rail safety technology for the Liujia Line in northern Taiwan. The company has already completed the proof of concept for the Train Control System 4.0 which will be deployed on EMU800 trains. TC 4.0 is an end-to-end train safety and control solution designed to provide overspeed protection, work zone protection and temporary speed limitation.
Aurora Capital Partners has completed the sale of VLS Environmental Solutions LLC to I Squared Capital. VLS provides custom waste and specialty cleaning and repair services to the rail, marine and other industries in North America. The acquisition will help VLS continue to expand its environmental services platform, company president and CEO John Magee said in a press release. Financial terms were not disclosed.