Norman W. Seip Award For Industry Excellence
The Norman W. Seip Award For Industry Excellence in the rail finance industry is named for Norman W. Seip who served the rail equipment industry for more than 65 years in both locomotive manufacture and equipment appraisal prior to his retirement in 2006. During his career, Norman worked with virtually every significant element in our industry and is well known not only for his equipment expertise, but for his honesty and ability to communicate. Norman is happily retired to homes in Florida and Pennsylvania and we look forward to his joining us for this year's presentation of the award named after him.
Lawrence Beal, 2011 Recipient
Lawrence Beal (1938-2010), who founded National Railway Equipment Company and grew it into a global supplier of new and rebuilt locomotives, and a pioneer in genset technology, was honored March 7 at the 2011 Rail Equipment Finance Conference in Palm Springs, Calif.
Steven L. Beal, Lawrence Beal's son and President and Chairman of the Board of NREC, accepted the conference's Norman W. Seip Award on behalf of his father and the Beal family from REF 2011 Chairman and Railroad Financial Corp. President (and Railway Age Financial Editor) Anthony Kruglinski.
National Railway Equipment Company produced a special video tribute to Lawrence Beal.
Rail Equipment Finance Chairman Tony Kruglinski and Steven Beal, who accepted the Norman W. Seip Award for Industry Excellence
on behalf of his father, Lawrence Beal.