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GWI 1Q net income rises modestly
Genesee & Wyoming Inc. early Tuesday reported net income in the first quarter of 2012 of $22.2 million, up from $22.1 million in the first quarter of 2011. GWI's diluted…
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.
RailAmerica: Operating income up 57%
RailAmerica, Inc. reported late Wednesday that first-quarter revenue increased 15% to $143.4 million from $124.9 million in the first quarter last year. 2011. Freight revenue increased 10% to $107.8 million with average revenue…
Hoback accepts Regional Railroad of the Year award
Indiana Rail Road Company (INRD) President and Chief Executive Officer Tom Hoback accepted Railway Age’s 2012 “Regional Railroad of the Year” award at the American Short Line and Regional Railroad…
CN weighs acquiring Ontario Northern
CN Wednesday gave indications that it might be interested in purchasing Ontario Northern Railroad operations in whole or part.
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…
Saskatchewan announces short line grants
Saskatchewan's provincial government Monday announced C$700,000 in grants distributed among 11 short line railroads through its Shortline Railway Sustainability Program.
GWI traffic declines in March, 1Q
Greenwich, Conn.-based Genesee & Wyoming, Inc. said Friday its March 2012 traffic volume fell 13.6% compared with the same month a year ago. As well, GWI's first-quarter traffic volume declined,…
Merchandise commodity trends not encouraging
A question that’s been bugging me of late has to with what the short line scene will look like in 2016. I’m looking strictly at the commodities where most non-Class…
RailAmerica completes acquisition
Jacksonville, Fla.-based RailAmerica, Inc. announced that it has completed the acquisition of a 20% interest in the Wellsboro & Corning Railroad and Industrial Waste Group from Myles Group for approximately…
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