L.B. Foster: Riding the Rails to Profits

[Anonymous]

From the Pittsburgh Post Gazette:

"When Stan Hasselbusch joined L.B. Foster straight out of college 34
years ago, the rail industry was going nowhere -- physically or
metaphorically.

"Major railroad companies were declaring bankruptcy in rapid
succession, victims of decades of growth in truck and highway shipping
that left railways with too much capacity and not enough traffic.

"Now, Mr. Hasselbusch and the rail industry are riding high. The chief
executive officer and president of L.B. Foster has watched both
earnings and the stock price at the Green Tree transportation supply
company soar in the past year, aided by a booming rail industry that
generates half the firm's business."

http://www.post-gazette.com/pg/06151/694441-147.stm

Dave
http://www.railpictures.net/showphotos.php?userid=920