San Francisco-based SteelRiver Infrastructure Partners, an independent investment management firm, said Tuesday it will acquire 100% of the capital stock of Patriot Rail Corp. The firm will make the purchase through its dedicated infrastructure investment vehicle, SteelRiver Infrastructure Fund North America LP.
Fairport, N.Y.-based RailComm said Wednesday it has provided remote control for a New England Central Railroad bridge.
In conjunction with bestowing the Harriman Awards for corporate rail safety on Tuesday in Washington, D.C., industry leaders also took time to honor individual employees notching significant safety achievements, who were honored with the 2011 Harold F. Hammond Award. Receiving recognition for outstanding safety achievement during 2011 were — Joseph Faigl, conductor with Union Pacific Railroad, and Mark Sheffield, mechanical supervisor with the South Buffalo Railway Co.
Green Bay, Wis.-based Schneider National, Inc., on Wednesday said it has signed a new, multiyear agreement with BNSF, under which the Class I railroad will continue to serve as one of Schneider's primary rail providers.
Confirming what many have suspected, New York Metropolitan Transportation Authority Chairman Joseph Lhota on Tuesday acknowledged that the agency's East Side Access Project likely would not be completed until 2019, due to unexpected construction difficulties.
Railroads with the industry's best safety performance records Tuesday were honored at the annual E.H. Harriman Awards ceremony in Washington, D.C., with the event also marking the industry's nearly 100 year commitment to safety and innovation with the Centennial Award.
The Surface Transportation Board Tuesday officially cleared the way for Michigan's Department of Transportation to acquire two sections of rail right-of-way from Norfolk Southern Corp., totaling about 135 miles, for eventual upgrading to 110 mph passenger rail speeds.
Whatever woes coal volumes are posing for North American railroads in 2012, domestic intermodal container traffic seems determined to offset them, at least in part. First-quarter domestic container volume moving by truck and train rose 14.9% measured against the comparable 2011 quarter, the Intermodal Association of North America (IANA) reported Tuesday.
Rail Logistics and Iowa Pacific Holdings on Monday jointly announced a partnership in which Rail Logistics will manage, operate, and market Iowa Pacific's refrigerated railcar fleet. The venture began May 1.
U.S. freight carload volume for the week ending April 28, 2012 fell 4.1% measured against the comparable week a year ago, continuing an ongoing trend for the year, the Association of American Railroads said Thursday. U.S. intermodal volume, however, continued its own yearly trend during the week, up 5.5% compared with the same week in 2011.
Norfolk Southern said Thursday it has added the Monongahela Railway to the legacy railroads that the company is honoring with its 30th anniversary heritage paint schemes, bringing to 20 the number of predecessor roads to be so recognized.
Skanska Koch, a division of Skanska USA Civil, said Wednesday it has been awarded a $10 million contract with the Port Authority of New York & New Jersey (PA) to install more than 175 steel ribs along the North-South Concourse of the new World Trade Transportation Center Hub.
Rockwall, Tex.-based Whitmore Manufacturing Co., a producer of component protection technology, announced Monday it has acquired QHi Rail Ltd., a British-based manufacturer of gauge face and Top of the Rail (TOR) lubrication systems for railways.
BNSF announced Tuesday that it will invest approximately $202 million this year on maintenance and rail capacity improvement and expansion projects in Nebraska.
From my perspective, you know North America is changing for the better when short line and regional railroad folks are talkin' passenger rail.
Greenwich, Conn.-based Genesee & Wyoming's newly formed subsidiary, the Columbus & Chattahoochee Railroad, Inc. (CCR), has signed an agreement with Norfolk Southern to lease and operate a 26-mile segment of NS track in Alabama.
Genesee & Wyoming Inc. early Tuesday reported net income in the first quarter of 2012 of $22.2 million, up from $22.1 million in the first quarter of 2011. GWI's diluted earnings per share of 52 cents held steady in the quarter measured against the same period a year ago, though the company sported roughly 600,000 more weighted average shares outstanding in the latest report.
Dallas Area Rapid Transit (DART) Monday said it had named Jesse Oliver deputy executive director and Carol Wise executive vice president, chief operating officer. As well, DART Senior Vice Presidents David Leininger and Timothy McKay were promoted to executive vice president. Tim Newby, previously DART's assistant vice president of Bus Operations, is now vice president, transportation.
Amtrak on Monday publicly unveiled its Amtrak Fleet Strategy Plan Version 3.1, an 82-page document designed to explain Amtrak's desire to implement a systematic approach to replacing the carrier's aged rolling stock and locomotive fleet.
MAC Products Inc. on Monday said it has acquired ProTran1 LLC and ProTran Technologies, producers of worker and pedestrian related safety equipment and devices for the transportation industry.