Loram Maintenance of Way, Inc. is one of seven companies honored with the 2009 Minnesota Governor's International Trade Award. Winners were selected for developing and continuing to grow a significant part of their business in foreign markets, for increasing or maintaining jobs in Minnesota to support international sales, and for developing novel approaches for competing globally.
“Minnesota companies sold a record $17.3 billion in manufactured exports last year,” said Tony Lorusso, executive director of the Minnesota Trade Office. “These seven firms are a good example of the hard work and ingenuity that it takes to succeed in foreign markets.”
Loram's international sales grew from 24 percent of revenue in 2006 to 31 percent of revenue last year. Loram has customers in over 30 countries.
Since 1954, Loram Maintenance of Way, Inc. has been providing railroad maintenance equipment and services that consistently exceed our customers’ expectations in terms of Speed, Performance, and Reliability. Loram machines are both sold and leased, but our company's reputation rests on our performance as a contractor offering a wide range of track maintenance services to freight, passenger, and transit railroads. Loram’s product offerings include: production and specialty rail grinding, ditch cleaning, shoulder ballast cleaning, undercutting, spot undercutting utilizing our Railvac, rail handling, and data services.