PDM Bridge Books $65.5 Million in New Contracts Through Mid-Year; Division Doubles Year-to-Date Bookings Over Same Period 1997.EAU CLAIRE, Wis.--(BUSINESS WIRE)--Aug. 13, 1998-- Transportation Equity Act for 21st Century Contributes to Positive Outlook PDM (1) (Product Data Management) An information system used to manage the data for a product as it passes from engineering to manufacturing. The data includes plans, geometric models, CAD drawings, images, NC programs as well as all related project data, notes and Bridge, a division of Pitt-Des Moines Inc. (AMEX AMEX See: American Stock Exchange :PDM), has booked $65.5 million in new contracts from Jan. 1 through July 31, 1998, doubling its year-to-date bookings over the same period in 1997. These bookings include the following major contract awards: -- Kansas City, Mo. Multi-use Terminal (letter of intent) -- Butler County, Ohio Butler County is a county located in the state of Ohio, United States. As of 2000, the population was 332,807. Its county seat is Hamilton6. It is named for General Richard Butler, who died in 1791 fighting Indians in northern Ohio. -- Bruce Watkins Drive, Kansas City, Mo. -- Ford County, Pa. -- CSX CSX Chessie Seaboard Multiplier (railroad transportation company) CSX Cayman Islands Stock Exchange CSX Changsha, China (Airport Code) CSX Cardiac-Specific Homeobox CSX Seaboard Coastline Railroad Railroad, Cleveland, Ohio -- Franklin County, Ohio Franklin County is a county located in the state of Ohio, United States. As of 2000, the population was 1,068,978. According to the U.S. Census Bureau's 2006 Population Estimates, the population had grown to 1,095,662, which makes it the second largest county in Ohio (after -- Palm Beach County, Fla. -- Broward County, Fla. A resurgence in infrastructure investments on the part of the railroad industry is the main reason that PDM Bridge has realized such an extensive increase in bookings this year over last year, according to John Grzybowski, PDM Bridge president. "The consolidation of major players in the railroad industry and a strong national economy have necessitated major infrastructure improvements. Because of the heavy volume of railroad traffic and larger car capacities, the railroads have had to upgrade and rebuild their bridges to support the increased demand. PDM Bridge is positioned very well to take advantage of this business opportunity," said Grzybowski. Contributing to PDM Bridge's positive outlook for the future is a recently passed federal highway bill, the $217 billion Transportation Equity Act for the 21st Century
The Transportation Equity Act for the 21st Century (TEA-21) was enacted June 9, 1998, as Public Law 105-178. (TEA-21). Approximately $20.4 billion is earmarked for investments in bridges over the next six years, according to ENR magazine. Headquartered in Eau Claire, Wis., PDM Bridge fabricates steel for complex bridge structures including bascule bridges A list of bascule bridges by country: Australia
Houston-based Pitt-Des Moines Inc. is a diversified engineering and construction company, and a distributor and processor of a broad range of carbon steel products. The company reported 1997 revenues of $474.6 million from operations in its two business segments -- engineered construction and steel distribution. CONTACT: Fleishman-Hillard Inc. (for Pitt-Des Moines Inc.) Laurie Pennino, 713/513-9518 penninol@fleishman.com or Kristin Nelson, 713/513-9515 |
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