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Senators introduce 45G tax credit measure
Eight U.S. Senators this week introduced the Short Line Railroad Rehabilitation and Investment Act of 2015, designed to extend Section 45G (26 USC 45G) short line track maintenance tax credits…
Railway Age names 2015 Short Line, Regional Railroads of the Year
Railway Age magazine has named Palmetto Railways the 2015 Short Line Railroad of the Year, and Reading & Northern Railroad its 2015 Regional Railroad of the Year. The awards will…
Genesee & Wyoming to acquire Freightliner
Darien, Conn.-based Genesee & Wyoming announced Tuesday, Feb. 24, 2015, that it has agreed to acquire a 95% stake in Britain's Freightliner Group from Arcapita and other shareholders for $755 million…
OmniTRAX acquires Illinois short line
OmniTRAX announced Monday, Feb, 23, 2015 that its affiliate, Peru Industrial Railroad, Inc., is purchasing Peru Rail Line from the short line’s namesake Illinois City.
VanderClute joins OnTrackNorthAmerica board
Forty-four-year career railroader Robert VanderClute, who recently retired as Association of American Railroads Senior Vice President of Safety & Operations, has joined the board of OnTrackNorthAmerica, a non-profit organization “committed…
Florida East Coast Railway retains Wi-Tronix
Wi-Tronix®, LLC said Tuesday, Feb. 10, 2015 it has signed a contract with Florida East Coast Railway (FECR) "to continue a strategic relationship."
Good fourth-quarter numbers for G&W
Genesee & Wyoming Inc. on Tuesday, Feb. 10, 2015 reported improved fourth-quarter earnings and revenue, helping the company's full-year results recover from what it called a "slow start to 2014…
State completes buy of Housatonic Railroad
The Massachusetts Department of Transportation has completed its purchase of 37-miles of Housatonic Railroad right-of-way, stretching from Pittsfield, Mass., to Canaan, Conn., the railroad's headquarters city sitting just across the…
Iowa Pacific posts record 2014 results
Iowa Pacific Holdings, LLC handled record carloads and passengers in 2014, and earned record revenue.
ASLRRA IDs five for Safety Institute push
The American Short Line and Regional Railroad Association said Friday, Jan. 23, 2015 its chairman, Ed McKechnie, had announced the selection of five industry safety experts retained as assessors for…
New Orleans mulls Public Belt Railroad sale
New Orleans Mayor Mitch Landrieu is requesting commissioners of the New Orleans Public Belt Railroad, a city-owned property, to consider putting the railroad up for sale to a private-sector operator.
Railway Age seeks nominees for 2015 Short Line, 2015 Regional Railroad of the Year
Railway Age is now accepting entries for its annual Short Line/Regional Railroad of the Year competition. Short lines and regionals—and there are more than 500 of them—are invited to submit…
Reading & Northern posts record volumes in 2014
Regional railroad Reading & Northern set new records for carload volume and revenue in 2014.
Rail bottleneck relief sought for Connell, Wash.
Washington State legislators and city administrators hope to obtain federal funding to reconfigure and improve a 100-year-old railroad interchange at Connell, Wash., to relieve a bottleneck in the movement of…
STB: Massachusetts can buy short line assets
The Surface Transportation Board on Wednesday, Dec. 24, 2014 gave preliminary approval to Massachusetts Department of Transportation (MassDOT) to acquire "certain physical railroad assets" from Canaan, Conn.-based short line Housatonic…
45 G tax credit extended through 2014
U.S. Senate approval Tuesday, Dec. 16, 2014, of 45-G, by a 76-to-16 vote, has assured passage of the measure, part of H.R. 5771, The Tax Increase Prevention Act of 2014, and…
Leadership transition at Indiana Rail Road
Indiana Rail Road (INRD) Founder, President, and CEO Thomas G. Hoback has announced that he will retire effective June 30, 2015. He will continue to serve as a director on…
Short line opens machinery distribution hub
Greenville, S.C.-based Greenville & Western Railway Co. (GRLW) has opened its Big Creek Machinery Distribution Hub, located in Williamston, S.C., President and CEO Steven C. Hawkins says.
Quebec studies feasibility of open-access iron ore line
With China’s slowing economy depressing iron ore prices, this would seem an inauspicious time to build a third railway from tidewater to the interior wilds of the Labrador Trench. Nonetheless,…
GWI acquires Arkansas short lines
Genesee & Wyoming Inc. (GWI) late Wednesday, Nov. 19, 2014 announced it "has signed an agreement with Pinsly Railroad Company of Westfield, Mass., to acquire certain subsidiaries that constitute Pinsly's…
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