At a time when the global economy seems to be slipping off the track, a Minnesota-based company known by few outside the railroad industry is carrying more than its share of the freight.
Loram Maintenance of Way is a critical cog in the fast-growing global freight-rail industry. Based in Hamel, about 20 miles west of the Twin Cities, Loram is well known in the track-maintenance industry where it is one of a handful of global players.
The company just signed a $50 million contract to sell two huge "rail grinders" to Germany's Deutsche Bahn. Continued