New investment capital for Iowa Pacific
Iowa Pacific Holdings, LLC announced on May 10 that it has reached a preliminary understanding with two institutional investors for up to $35 million of new capital that will be used to expand working capital availability, retire a Federal Railroad Administration RRIF loan, and fund track improvements. The company expects to close on the financing in the second quarter of 2013.
Alaska Railroad has begun clearing right-of-way for a 32-mile, $88 million extension between Point MacKenzie and Houston, Alaska.
The railroad hopes to bolster mineral shipments and other bulk goods from Port MacKenzie to interior points in the state. Port MacKenzie is...
The U.S. Department of Transportation, through the Federal Railroad Administration, has awarded a $7 million TIGER (Transportation Investment Generating Economic Recovery) grant to the State of Oregon to support a $9.4 million project that will rehabilitate and reopen a 296-mile...
Rio Grande Pacific Corporation has appointed rail industry veteran Tres Meyer as Chief Operating Officer of its Nebraska Central Railroad Company. He will report RGPC President Robert Bach.
With a degree from Texas Christian University, Meyer began his railroad career 16...
You might remember the TV commercial: A single locomotive pulling doublestacked containers through a pastoral landscape, a logjam of trucks and autos on the adjacent roadway, everything moving uncharacteristically slow, but the message conveyed with undeniable clarity: Trains move goods...
The Romanian Government on May 8 received three bids for the sale of a 51% stake in CFR Marfă, the national rail freight operator, and U.S. short line operator Omnitrax is one of them. Omnitrax is bidding against Romania’s two...
The Romanian Government on May 8 received three bids for the sale of a 51% stake in CFR Marfă, the national rail freight operator, and U.S. short line operator Omnitrax is one of them. Omnitrax is bidding against Romania’s two...
Kansas City Southern has promoted Darin P. Selby to Vice President Energy Markets and Short Line Partner Relations, from his previous position as Assistant Vice President.
Selby is responsible for the Coal Business Unit, Short Line Partner Relations, and developing business...
Among those recognized with various awards April 30 (including Railway Age's own Short Line Railroad of the Year and Regional Railroad of the Year honors) during the American Short Line and Regional Railroad Association annual meeting in Atlanta, the New...
Genesee & Wyoming, Inc. Wednesday reported first-quarter net income of $82.7 million, compared with net income of $22.2 million in the first quarter of 2012. Excluding the impact of certain significant items discussed below, G&W's adjusted net income in the...
The California Employer Advisory Council (CEAC) has named Anacostia & Pacific switching and terminal railroad Pacific Harbor Line as Veterans Employer of the Year for its “exemplary contribution in hiring our American heroes, our veterans.”
Currently, about 25% of Pacific Harbor...
