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L.B. Foster Wins $7.6 Million Rail Contract

Aug 17, 2009 (FinancialWire via COMTEX) --

Companies: LB Foster Co (FSTR)

(Comment on this article at http://www.financialwire.net/2009/08/17/lb-foster-wins-76-million-rail-contract/)

August 17, 2009 (FinancialWire) -- L.B. Foster Co. (NASDAQ: FSTR) has been awarded a $7.6 million contract for rail for installation on a 21 mile transit project linking Denton and Carrollton, Texas.

According to L.B. Foster, shipments of 4599 tons of 1600ft welded rail and 573 tons of 80ft stick rail have been delivered to the North Texas Rail Group, a contractor joint venture between Herzog Contracting and Archer Western Contractors.

The first shipment was delivered by L.B. Foster's company-owned weld trains and unloaded July 1.

Pittsburgh-based L.B. Foster owns a fleet of company-owned weld trains to manage the shipment and unloading of continuously welded rail. The firm is engaged in the manufacture and distribution of rail products for freight, passenger and industrial rail systems.

L.B. Foster is a manufacturer, fabricator and distributor of products for rail, construction, utility and energy industries.

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Companies: LB Foster Co (FSTR)


Related terms: construction, contract, contractor, distributor, energy, freight, industrial, joint venture, manufacturer, nasdaq, products, texas, utilities, web

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