From The C.R.O.W.

[CBCNSfan]

http://www.canadianrailwayobservations.com/2008/001/index.htm

On November 14th, the integrated rail products and services provider GLOBAL RAILWAY INDUSTRIES Ltd., www.globalrailway.com, announced that they had completed the acquisition of the company’s wholly owned subsidiary, CAD Railway Industries Ltd. (Better known by local railfans as “CAD”), and on December 11th was awarded a 5-year $101.5 million contract, to remanufacture the fleet of 53 VIA Rail Canada locomotives. The CADRAIL contract will overhaul the 53 remaining VIA F40PH-2's in the 6401-6458-series. (Five are now retired from the fleet following wrecks), and the project began in late December.
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Units from CP, VIA, HELM, NREX, RPRX, NBEC, OCR, KCS, UP, BNSF, GRS, GO, QNS&L, US ARMY, QGRY and even more CN units have made there way to CADRAIL.

I found this quite interesting, have a look, an online railway publication free of charge.

Willis

 

[UP2CSX]

Cool magazine about Canadian railroad news. It sure looks like Global is trying to tie up all the rebuilding business in Canada. Too bad their balance sheet looks so bad - they might be an interesting buy if they can improve their debt to equity and P-E ratios