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Investment firm acquires Patriot Rail Corp.
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…
BNSF, UP ordered to pay rate reparations
The Surface Transportation Board has ordered BNSF and Union Pacific to pay reparations totaling $9,244,144 to Arizona Electric Power Cooperative for rate overcharges for the movement of utility coal.
Progress Rail sets short line locomotive pact
Progress Rail Services Corp. says it has reached an agreement with Exeter, Calif.-based San Joaquin Valley Railroad, a RailAmerica subsidiary, to supply four repowered, low-emissions PR30B locomotives.
Oklahoma short line gets trackage rights
The Surface Transportation Board Wednesday announced approval of a trackage rights exemption sought be WFEC Railroad Co. "to grant limited nonexclusive overhead trackage rights to Kiamichi Railroad LLC (KRR), over…
Georgia DOT seeks abandonment exemption
The George Department of Transportation has filed with the Surface Transportation Board for an Abandonment Exemption, in order "to abandon a 3.12-mile line of railroad between milepost 469.15 and milepost…
Reactivation of Arkansas short line sought
North Louisiana & Arkansas Railroad, Inc. (NLA) has petitioned the Surface Transportation Board for authority to lease and operate a 21.8-mile line of railroad extending from a point near Lake Village…
FTA OKs TEX Rail for preliminary engineering
The Fort Worth Transportation Authority (the "T") said its TEX Rail commuter rail project has been approved by the Federal Transit Administration "to advance to Preliminary Engineering." The authority made…
Industry readies for Railroad Day on Capitol Hill
Railroad Day on Capitol Hill is Thursday, March 8, and the Railway Supply Institute is urging RSI members, and indeed all pro-rail interests, to "help educate policymakers on the positive…
STB slates hearing on effect of BNSF purchase price
The Surface Transportation Board announced that it will hold a public hearing March 22 “to explore the impact of the Berkshire Hathaway, Inc. acquisition of the Burlington Northern Santa Fe…
RSI: Truck amendment falters (so far)
Markup by the House Transportation and Infrastructure Committee Thursday of its version of surface transportation reauthorization legislation, H.R. 7, included a 33-to-22 vote to remove bigger truck language from the…
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