The Greenbrier Companies, Inc. on May 24, 2016 entered into an agreement to acquire a 19.5% ownership stake in Amsted-Maxion Cruzeiro for $10 million.
George C. Betke, Jr., Chairman of Farmrail System, Inc., was honored with the Thomas L. Schlosser Distinguished Service Award, given on an annual basis to recognize an individual for long-term, significant service to the American Short Line and Regional Railroad Association.
TriMet has completed the 1st Avenue MAX Improvements Project, which rejuvenated a section of the original MAX light rail alignment.
CSX on May 23, 2016 announced several changes to key operational positions. All of the changes are effective June 1.
Toyota Logistics Services has recognized Union Pacific with its 2015 Logistics Excellence Award in Customer Service. UP has earned the Toyota award eight consecutive years in recognition of outstanding logistics performance.
CSX Chairman and Chief Executive Officer Michael J. Ward announced a number of senior management changes on May 20, 2016, including the retirement July 1 of Lisa Mancini, Executive Vice President and Chief Administrative Officer, following nearly 13 years at CSX Corp.
Honourable Denis Coderre, Mayor of Montreal, joined Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer at CN, in announcing the areas of safety that the City of Montreal and CN will continue to focus on together.