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.
Canadian National and Unifor have negotiated a tentative labor agreement with the Unifor union. As a result, CN has withdrawn its lockout notice to Unifor, which would have come effective at 11p.m. local time tonight in the absence of a settlement.
A Metrolink train on the system's Ventura County Line hit a truck abandoned at a road-rail grade crossing near Oxnard, Calif., Tuesday morning, Feb. 24, 2015, resulting in numerous injuries, among them four passengers and the train's engineer in critical condition.
Ontario Environment Minister Glen Murray has ruled no environmental assessment will be needed to electrify the Union Pearson Express (UPX) route linking Toronto's Union Station and Lester B. Pearson International Airport.
Figures released by the Surface Transportation Board Monday, February 23, 2015, show total Class I railroad employment as of mid-January 2015 rose 1.41% over January 2014 levels, but retreated 3.67% from mid-December 2014 employment numbers.
Massachusetts Bay Transporation Authority said Monday, Feb. 23, 2015 it has restored normal service frequency to all branches and stations throughout its core subway and trolley system (the "T") in Greater Boston, including restoration of the hard-hit Mattapan 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.
Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order to raise US$2.1 billion to stabilize its financial status.