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Iowa Pacific acquires Cape Rail, Inc.
Chicago-based Iowa Pacific Holdings, LLC Tuesday announced its acquisition of a controlling interest in Cape Rail, Inc., and its subsidiaries, Massachusetts Coastal Railroad, LLC and Cape Cod Central Railroad.
Alfred E. Michon, 75
Alfred E. Michon, president of four regional railroads who also worked with both Burlington Northern (now BNSF) and Union Pacific, died Oct. 9 at age 75.
GWI completes RailAmerica acquisition
Genesee & Wyoming Inc. Monday said it has completed its acquisition of RailAmerica, Inc., and also "entered into a new five-year Senior Secured Credit Facility comprised of a $1.875 billion…
Siding for Indiana short line is sidelined
Officials in Daviess County, Ind., have tabled a motion to approve a $2.1 million passing siding near Plainville, Ind., to be used by Indiana Southern Railroad.
Anacostia Rail Holdings promotes two
Chicago-based Anacostia & Pacific Co. Wednesday announced John K. Secor is retiring as president of the Louisville & Indiana Railroad (LIRC) at the end of October, to be succeeded by…
GWI prices Wall Street offerings
Genesee & Wyoming Inc (GWR) announced Friday that it has priced its previously announced offering of 3,500,000 shares of Class A common Stock—including 233,966 shares held by its board chairman—at $64.75 per share,…
RailAmerica carloads up in August
RailAmerica, Inc. has reported 74,813 total freight carloads for ended August, up 2.9% from 72,697 in August 2011.
GWI August traffic down from 2011
Greenwich, Conn.-based Genesee & Wyoming Inc. Monday said its August traffic volume fell 4.5% measured against the same month a year ago, with third-quarter 2012 traffic to date down 5.2%.…
STB will weigh GWI/RailAmerica merger
The Surface Transportation Board Wednesday said it "accepts for consideration the application filed August 6, 2012, by Genesee and Wyoming Inc. (GWI) and RailAmerica, Inc. (RailAmerica), seeking Board approval for…
Regional Rail acquires Diamondback Signal
Kennett Square, Pa.-based Regional Rail, LLC said Friday it has acquired a majority ownership interest in Diamondback Signal, LLC. The latter specializes in the design, construction, and maintenance of signal…
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