Short Lines & Regionals

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Senators introduce 45G tax credit measure Eight U.S. Senators this week introduced the Short Line Railroad Rehabilitation and Investment Act of 2015, designed to extend Section 45G (26 USC 45G) short line track maintenance tax credits that expired in 2014, the American Short Line and Regional Railroad Association (ASLRRA) said Wednesday, March 4, 2015.

railway-age-names-2015-short-line-regional-railroads-of-the-year
Railway Age magazine has named Palmetto Railways the 2015 Short Line Railroad of the Year, and Reading & Northern Railroad its 2015 Regional Railroad of the Year. The awards will be presented at the American Short Line and Regional Railroad...
genesee-wyoming-to-acquire-freightliner
Darien, Conn.-based Genesee  & Wyoming announced Tuesday, Feb. 24, 2015, that it has agreed to acquire a 95% stake in Britain's Freightliner Group from Arcapita and other shareholders for $755 million in cash. G&W will assume around £8.5 million in net debt...
omnitrax-acquires-illinois-short-line
OmniTRAX announced Monday, Feb, 23, 2015 that its affiliate, Peru Industrial Railroad, Inc., is purchasing Peru Rail Line from the short line’s namesake Illinois City. Peru Industrial Railroad will run freight service on three miles of track starting immediately, OmniTRAX said. Local...
vanderclute-joins-ontracknorthamerica-board
Forty-four-year career railroader Robert VanderClute, who recently retired as Association of American Railroads Senior Vice President of Safety & Operations, has joined the board of OnTrackNorthAmerica, a non-profit organization “committed to reversing the commercial, regulatory, and economic dynamics that cause...
florida-east-coast-railway-retains-wi-tronix
Wi-Tronix®, LLC said Tuesday, Feb. 10, 2015 it has signed a contract with Florida East Coast Railway (FECR) "to continue a strategic relationship." Wi-Tronix said it will provide remote locomotive monitoring and Software as a Service (SaaS) to FECR's entire fleet,...

florida-east-coast-railway-retains-wi-tronix
Wi-Tronix®, LLC said Tuesday, Feb. 10, 2015 it has signed a contract with Florida East Coast Railway (FECR) "to continue a strategic relationship." Wi-Tronix said it will provide remote locomotive monitoring and Software as a Service (SaaS) to FECR's entire fleet,...
good-fourth-quarter-numbers-for-gw
Genesee & Wyoming Inc. on Tuesday, Feb. 10, 2015 reported improved fourth-quarter earnings and revenue, helping the company's full-year results recover from what it called a "slow start to 2014 due to severe winter weather." Darien, Conn.-based G&W reported operating income...
state-completes-buy-of-housatonic-railroad
The Massachusetts Department of Transportation has completed its purchase of 37-miles of Housatonic Railroad right-of-way, stretching from Pittsfield, Mass., to Canaan, Conn., the railroad's headquarters city sitting just across the Massachusetts-Connecticut border. MassDOT, announcing the transaction's completion Thursday, Feb. 5, 2015,...
iowa-pacific-posts-record-2014-results
Iowa Pacific Holdings, LLC handled record carloads and passengers in 2014, and earned record revenue. Freight and freight-related revenue totaled more than $41 million for 2014. Freight carloads totaled 58,325 for the year, up 9,216 or 20% from 2013. “We had...
aslrra-names-five-for-safety-institute
The American Short Line and Regional Railroad Association said Friday, Jan. 23, 2015 its chairman, Ed McKechnie, had announced the selection of five industry safety experts retained as assessors for a pilot project as the first step toward the longer-range...