VAE Nortrak Ltd. · Richmond, BC Canada
Company Description
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VAE Nortrak, a subsidiary of Austrian railway manufacturer VAE AG , tries to keep North American trains on track. The company makes railroad trackwork and supplies. Trackwork covers devices that railroads use to transport trains from one track to another. Nortrak's products, many under the Racor brand name, include rails, anchors, guard rails, joint bars, and switches for railroads and transit rail and streetcar systems. It serves primarily Canada, Mexico, and the US from offices in one Mexican state, six US states and three Canadian provinces. Nortrak Railway Supply was founded in 1981; it joined with VAE AG to form VAE Nortrak in 1990. To read the full description, subscribe now.
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Key VAE Nortrak Ltd. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | March |
| Employees | 400 |
VAE Nortrak Ltd. Executives
12 executives listed for VAE Nortrak Ltd.'s Richmond, BC location.
| Title | Name & Bio | Contact |
| CEO | Sylvain Garneau | Network |
| EVP Operations | Gary Herman | Network |
| CFO | Eddie Peinhopf | Network |
Competition
Competitive Landscape for VAE Nortrak Ltd.
Demand for freight rolling stock is driven by fuel prices, as high gas prices shift freight transport from trucks to rail. Demand for passenger rail rolling stock is driven by public investment in regional rail transportation. The profitability of individual companies depends on securing long-term sales contracts with railroad companies and leasing agencies. Large companies have advantages in manufacturing economies of scale. Small companies can compete effectively through consulting services and custom-building locomotive and passenger railcars. The industry is highly capital-intensive: average annual revenue per worker is $350,000. To read the full description, subscribe now.Top VAE Nortrak Ltd. Competitors
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