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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…
Rail Link gets Wyoming safety/health award
Genesee & Wyoming Inc. said Wednesday subsidiary Rail Link, Inc. has received the Wyoming Governor's Award for Safety and Health in the Large Mine-Site Contractor category for the second consecutive…
Norfolk Southern shows the way for short lines
Norfolk Southern's 30th Anniversary Year was helped along by a blow-out Annual Short Line meeting in Roanoke, Va. More than 200 members of the short line community attended, representing most…
FEC cashes in on Florida airport project
The Ft. Lauderdale/Hollywood airport runway extension project in Broward County is producing a mini-boom in traffic for Florida East Coast Railway.
GWI plans rail line in Labrador Trough
Genesee & Wyoming Inc. and a new subsidiary, KeRail Inc., have entered into an agreement with Tata Steel Minerals Canada Ltd. (TSMC) for KeRail to provide transportation for the 4.2…
GWI Australia buys key freight terminal
Greenwich, Conn.-based Genesee & Wyoming Inc. announced Wednesday that subsidiary Genesee & Wyoming Australia Pty Ltd. (GWA) purchased an intermodal and freight terminal in Alice Springs, Northern Territory, from Asciano…
STB keeps rate-case fees low
The Surface Transportation Board's latest update of fees shippers must pay to file cases and pleadings, released Friday, contains some increases but leaves unchanged the current $350 fee charged shippers…
RailAmerica 2Q profit rises on higher revenue
RailAmerica, Inc. has reported second-quarter 2012 net income of $11.4 million, or 23 cents per diluted share, compared to net income of $8.7 million, or 17 cents per diluted share, in…
GWI set to acquire RailAmerica, Inc.
Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to…
ASLRRA: 51 Senate cosponsors for tax credit
The American Short Line and Regional Railroad Association (ASLRRA) Friday said it had reached a major milestone "by securing the 51st Senate co-sponsor of legislation to extend the short line…
OmniTRAX's Mike Ogborn to retire
Transportation management company OmniTRAX, Inc. said late Thursday that Managing Director and Executive Vice President Mike Ogborn will retire. No specific date was given.
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