Short line holding company Ironhorse Resources, Inc., has acquired Arizona-based San Pedro & Southwestern Railroad (SPSR). RR Mergers & Acquisitions, a specialist in the sale of rail sector companies, brokered the deal. SPSR will be renamed the San Pedro Valley Railroad (SPVR); the transaction is effective immediately.
Short Lines & Regionals
Federal Railroad Administrator Ron Batory on Oct. 17 completed a second series of meetings with senior leadership of Positive Train Control (PTC) system suppliers that are directly associated with the eight railroads FRA has identified as “most at risk of not meeting statutory requirements by the end of the year.”
A recent test is demonstrating how railroads can show yarded trains who’s “the boss” when it comes to the status of air brakes.
Amid economic and political pushback, the Trump Administration has quietly put plans to revitalize the coal industry on the back burner, according to a published report.
AllTranstek L.L.C. has added Tax & Audit Services to its fleet management offerings, and has named industry veteran John Hoyt as Manager of the newly created service. The company said in created the new service “to respond to the growing demand for assistance in the highly specialized areas of monitoring tax code changes, ad valorem tax compliance and assessment reviews.”
With rail as a central piece, the Port of New Orleans saw its development plans honored as it transforms the busiest U.S. Gulf maritime gateway.
Proving grant funding isn’t just for infrastructure, an industry support organization will get a large check to help improve safety.
Cowen and Company’s 3Q18 rail equipment survey indicates that the railcar market recovery remains intact, even though the survey’s results were “somewhat mixed,” according to analyst Matt Elkott. The percentage of shippers planning to order railcars “inched up very slightly, while order sizes decreased a bit. We expect strong 3Q18 orders, driven partly by crude tank car and intermodal equipment demand.”
A Midwest short line operator will see grade crossings upgraded, per plans by a state transportation office.
The American Short Line and Regional Railroad Association (ASLRRA) has selected Rockwell Collins to assist tenant short lines in creating safety-related documentation required to obtain permission to operate over a host railroad’s Positive Train Control (PTC)-equipped territory. ASLRRA said this is “the next step in our plan to provide a suite of services for short line railroads equipping for PTC.”