Short Lines & Regionals

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GWI moves to acquire P&W Add regional Providence & Worcester Railroad Co. (P&W) to Genesee & Wyoming Inc.’s growing stable of Class II and III carriers. GWI announced Aug. 15, 2016 that it plans to acquire the P&W for $126 million at $25.00 per share.

jason-seidl-shippers-want-more-rail-service
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl attended the North East Association of Rail Shippers (NEARS) Fall Conference and offers the following generally positive report: “The conference posted record attendance, with most focused on...
watco-taps-hti-for-ptc
Herzog Technologies, Inc. (HTI) has entered into a contract with short line holding company Watco Companies, LLC to provide PTC (positive train control) program management and back office hosting services. Through this arrangement, which HTI describes as a “strategic partnership,” HTI...
herzog-dons-a-red-hat-in-a-private-cloud
Herzog Technologies Inc. (HTI) on Sept. 19, 2016 launched a Cloud-based PTC (positive train control) system using technology from Red Hat, Inc., a provider of open-source systems. HTI chose to build its new PTC system on a “private cloud” powered by...
aar-total-us-weekly-rail-traffic-down-54
The Association of American Railroads (AAR) reported for the week ending September 10, 2016, total U.S. weekly rail traffic was 482,894 carloads and intermodal units, down 5.4% compared with the same week last year. Total carloads for the week ending September...
commentary-remains-cautious
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, reporting on the...

commentary-remains-cautious
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, reporting on the...
aar-exclude-coal-industry-carloads-down-only-1-for-august
The Association of American Railroads (AAR) released August monthly figures with this nugget: Exclude coal, and the industry's carloads were down only 1% in August 2016 from August 2015, or 8,703 carloads. Include coal, and traffic in August totaled 1,347,989 carloads,...
rrvw-creates-vp-economic-development-and-community-affairs-names-zink
The Red River Valley & Western Railroad has appointed Daniel Zink to the newly created post of Vice President, Economic Development and Community Affairs of the 577-mile regional (Class II) railroad. Zink joined RRVW in 1992, serving as Director of Administration...
omnitrax-affiliate-acquires-gerdau-mill-site-in-sand-springs-oklahoma
Sand Springs Railway Company (SS), a managed affiliate of OmniTRAX, Inc., announced on September 1 it is acquiring the Gerdau mill site in Sand Springs, Okla. Sand Springs Railway Company provides freight service between Sand Springs and Tulsa. Financial terms were...
stbs-notice-for-small-rate-rate-disputes-after-grain-feedback
The Surface Transportation Board released August 31 an Advance Notice of Proposed Rulemaking (ANPR), which considers a new, streamlined procedure to resolve small rate disputes between shippers of all commodities and Class I railroads. The rules are an outgrowth of the...