Rail

ESAB Corporation Announces Fourth Quarter 2023 Results and Initiates Full Year 2024 Guidance

Retrieved on: 
Thursday, February 29, 2024

ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced record financial results for the fourth quarter of 2023.

Key Points: 
  • ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced record financial results for the fourth quarter of 2023.
  • ESAB also reported fourth quarter net income from continuing operations attributable to ESAB of $58 million or $0.96 diluted earnings per share and core adjusted net income of $69 million or $1.13 diluted earnings per share.
  • Core adjusted EBITDA of $126 million rose 18% and margins expanded 200 basis points to 19.4%, both as compared to the prior year quarter.
  • “ESAB’s team continues to execute well and delivered record-breaking sales, profit, and cash flow during the fourth quarter to conclude the year.

FedEx to Launch 12th Annual Small Business Grants Program

Retrieved on: 
Thursday, February 29, 2024

FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses.

Key Points: 
  • FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses.
  • “Since 2012, FedEx has been helping small business owners achieve their dreams by growing and expanding their ventures through our grants program, and we are excited to see who will receive grants this year.”
    One 2024 FedEx Small Business Grant grand prize recipient will receive $50,000 and nine additional recipients will each receive $20,000, in addition to a $500 FedEx Office print credit, a $300 voucher from My FedEx Rewards , and access to FedEx Premier Customer Service.
  • All recipients will also receive a sustainable packaging consult from the FedEx Packaging Lab , a digital consult from the FedEx Digital Sales Solutions team, an invite to attend a Small Business Strategic Insights Forum, and a feature on the FedEx Small Business Center .
  • The 2024 FedEx Small Business Grants Program is open to U.S.-based FedEx customers who are for-profit small businesses, have 1-99 employees, have been in operations selling a product or service for six months or more and have opened a FedEx account prior to September 1, 2023, and currently ship with FedEx.

Werner Enterprises Announces Quarterly Dividend

Retrieved on: 
Wednesday, February 28, 2024

Werner Enterprises, Inc. (Nasdaq: WERN), one of the nation’s largest transportation and logistics companies, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.14 (fourteen cents) per common share.

Key Points: 
  • Werner Enterprises, Inc. (Nasdaq: WERN), one of the nation’s largest transportation and logistics companies, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.14 (fourteen cents) per common share.
  • This dividend will be paid on May 1, 2024, to stockholders of record at the close of business on April 15, 2024.
  • Werner Enterprises has paid a quarterly cash dividend to its stockholders every quarter since July 1987.
  • Werner Enterprises, Inc. delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada.

Wabtec Launches the Next-Generation Railcar Mover – the Commander NXT

Retrieved on: 
Tuesday, February 27, 2024

Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers.

Key Points: 
  • Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers.
  • The NXT series will provide the railcar moving industry improved performance, reliability, and efficiency.
  • “The Commander NXT was designed with the customer in mind and represents the future in railcar mobilization,” said Raj Gupta, President and CEO – Maintenance of Way, Wabtec.
  • Since 1972, Wabtec’s Shuttlewagon railcar mover has served more than 1,000 customers in over 12 industries that include government, agriculture, chemicals, mining, and other industries that are integral to the supply chain.

Nextivity SHIELD MegaFi Now Available to Enterprise Customers for Critical Communications

Retrieved on: 
Tuesday, February 27, 2024

“Expanding the use of MegaFi on a non-priority basis to serve critical communication needs for enterprises brings more value and peace of mind to AT&T customers.

Key Points: 
  • “Expanding the use of MegaFi on a non-priority basis to serve critical communication needs for enterprises brings more value and peace of mind to AT&T customers.
  • SHIELD MegaFi for enterprise customers is exclusively available for purchase through AT&T and its Business sales channels.
  • Like all Nextivity products, SHIELD MegaFi is supported by the company’s extensive partner network that will install and integrate MegaFi into existing IT ecosystems.
  • SHIELD MegaFi for enterprise utilizes Band 14, taking advantage of HPUE technology without interfering with first responder communications on FirstNet®.

DP World Prince Rupert Boosts Efficiency, Reliability in the Global Supply Chain

Retrieved on: 
Tuesday, February 27, 2024

This includes routing customers through Canada’s Port of Prince Rupert, which boasts several strategic advantages for North American customers seeking efficiency and reliability in their supply chain operations.

Key Points: 
  • This includes routing customers through Canada’s Port of Prince Rupert, which boasts several strategic advantages for North American customers seeking efficiency and reliability in their supply chain operations.
  • Speed and Agility: To minimize delays throughout the entire value chain, DP World Prince Rupert emphasizes reduced dwell times and swift cargo movement.
  • Global Connectivity: Marine access from DP World Prince Rupert to Asia through three major alliances – Ocean Alliance, 2M Alliance, and T.H.E.
  • Shaun Stevenson, President & CEO, Prince Rupert Port Authority, underscored the port's strategic advantages: “The Port of Prince Rupert provides fast and reliable supply chain solutions for trans-Pacific trade.

Knight-Swift Transportation Announces CEO Transition and New CFO

Retrieved on: 
Tuesday, February 27, 2024

Mr. Miller had been serving as the Company’s Chief Financial Officer and President of Swift Transportation, while Mr. Hess had been serving as Senior Vice President of M&A and Senior Vice President of Finance for Swift Transportation.

Key Points: 
  • Mr. Miller had been serving as the Company’s Chief Financial Officer and President of Swift Transportation, while Mr. Hess had been serving as Senior Vice President of M&A and Senior Vice President of Finance for Swift Transportation.
  • David Jackson has stepped down as Chief Executive Officer and a member of the board of directors following a successful nine years as CEO and 13 years as President.
  • Executive Chairman, Kevin P. Knight, commented: “Adam’s broad strategic, financial, and operating experience during his 22-year career at Knight-Swift has him well-prepared and ready to lead as CEO.
  • I look forward to my next chapter and to continuing to make a difference in the community.”

ITT Names Michael Guhde President of Connect & Control Technologies (CCT) Business

Retrieved on: 
Monday, February 26, 2024

February 26, 2024-- ITT Inc. (NYSE: ITT ) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi.

Key Points: 
  • February 26, 2024-- ITT Inc. (NYSE: ITT ) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi.
  • Guhde joins ITT from Illinois Tool Works (NYSE: ITW), where he led a large, global business serving the automotive industry through the development and manufacture of highly engineered components.
  • In this role, he oversaw several business improvements that led to consistent, sustainable advancements in customer satisfaction while driving significant profitability increases.
  • “We are excited to begin the next chapter of growth and profitability at CCT with Michael on board.”

Custom Truck One Source to Announce Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Monday, February 26, 2024

Custom Truck One Source, Inc. (NYSE: CTOS) today announced it will release fourth quarter and full-year 2023 financial results after the market close on Thursday, March 7, 2024.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) today announced it will release fourth quarter and full-year 2023 financial results after the market close on Thursday, March 7, 2024.
  • Management will discuss the results on a conference call at 5:00 p.m.
  • To listen by phone, please dial 1-800-715-9871 or 1-646-307-1963 and provide the operator with conference ID 6601040.
  • ET, Thursday, March 14, 2023, by dialing 1-800-770-2030 or 1-609-800-9909 and entering passcode 6601040.

AECOM is selected to deliver design services for the Ontario Line’s Pape Tunnel and Underground Stations contract

Retrieved on: 
Monday, February 26, 2024

AECOM (NYSE:ACM), the world’s trusted infrastructure consulting firm, today announced that it will provide design services as part of the Pape North Connect Team selected by Infrastructure Ontario and Metrolinx to deliver the Pape Tunnel and Underground Stations (PTUS) contract for the Ontario Line, a 15.6-kilometer stand-alone rapid transit line that is expected to improve access and reduce daily travel time for Toronto commuters.

Key Points: 
  • AECOM (NYSE:ACM), the world’s trusted infrastructure consulting firm, today announced that it will provide design services as part of the Pape North Connect Team selected by Infrastructure Ontario and Metrolinx to deliver the Pape Tunnel and Underground Stations (PTUS) contract for the Ontario Line, a 15.6-kilometer stand-alone rapid transit line that is expected to improve access and reduce daily travel time for Toronto commuters.
  • “Our world class tunneling expertise and transit design capabilities are contributing to our competitive advantage on large-scale projects, we are thrilled to be expanding our involvement on the Ontario Line,” said Richard Barrett, chief executive of AECOM’s Canada region.
  • The DMCA incorporates a multi-stage design process called the development phase that allows for a collaborative approach between Metrolinx and Pape North Connect to finalize the scope, risk allocation and pricing of various contract elements.
  • According to Infrastructure Ontario and Metrolinx, the project is expected to generate thousands of job opportunities annually during construction and ensure that more than 227,500 Toronto residents will be within a 10-minute walk of an Ontario Line station.