In a transaction brokered by RR Mergers & Acquisitions, Rio Grande Pacific Technology, Inc. (RIOTECH) as acquired Innovative Solutions In Signaling, LLC.
Short Lines & Regionals
GM’s planned plant closings shadowed already-declining shipments of vehicles moving by rail in the U.S. despite a bounceback by commodities in the latest week’s data.
Work exhaustion and lack of effectiveness to properly carry out job functions to the highest standards put people at risk on a railroad. The Federal Railroad Administration (FRA) makes it a strong priority to know when employees are on the clock working on the movement or function of a train and when they are not. These regulations and time tracking fall into the Hours of Service (HOS) law. They must be met within FRA standards; railroads face fines and penalties if they aren’t met.
Federal Railroad Administration third-quarter 2018 Positive Train Control (PTC) data shows railroads’ “continued progress toward meeting the year-end deadline for fully implementing PTC systems or qualifying for an alternative schedule,” FRA said on Nov. 21.
Amid roiling markets, weaker commodities and intermodal shipments may be signaling a correction for U.S. rail freight.
At midnight on Nov. 16, 2018, the 20-year lease of part of the 184-mile Goderich-Exeter Railway (GEXR) from CN came due, and the Class I lessor took back the lines.
The largest U.S. maker of roofing products, citing “excellent rail service,” is opening a second manufacturing facility in central Pennsylvania.
CSX plans to sell 373 miles of track in the Florida Panhandle to a new company backed by an investment group headed by veteran short line entrepreneur Gary Marino.
The Federal Railroad Administration (FRA) has issued a Notice of Funding Opportunity (NOFO) for the Federal-State Partnership for State of Good Repair Program, which makes more than $272 million in capital grant funding available.
Our 14 honorees from freight, transit, supplier and trade organizations are driving their businesses forward while helping to make a leadership difference in the industry and community.