Written by Stuart Chirls, Senior Editor, Railway Age Magazine; December 8, 2017
A unit of Progress Rail Services has agreed to pay a criminal fine of $5 million after it admitted to performing unnecessary repairs on railcars, dumping brake shoes and other parts into the ocean to conceal evidence.
United Industries LLC, part of Progress Rail Services, will also pay $20 million in restitution to TTX Co., Greenbrier Cos. and the Pacer International unit of XPO Logistics Inc., which were owners of the cars, according to court documents.
Click here to read the full story.