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 impro ...

On May 10, one day after Norfolk Southern’s annual shareholders meeting in Williamsburg, Va., Chairman, CEO, and President Wick Moorman announced the appointment of James A. Squires as President of the railroad, effective June 1. Squires, 51, currently is Executive Vice President Administrati ...

Kawasaki Rail Car, Inc. on May 9 joined with New York State officials, elected representatives, and transportation professionals to celebrate 25 years of manufacturing railcars at its Yonkers, N.Y., plant. During the past quarter-century, Kawasaki has produced more than 2,500 railcars at the fa ...

The Association of American Railroads has reported an increase in traffic for the week ending May 4, 2013, with total U.S. weekly carloads of 283,916 up 2.8%, compared with the same week last year. Intermodal volume for the week totaled 245,678 units, up 2.8% compared with the same week last ye ...