Genesee & Wyoming

“Today’s investment for Huron Central Railway in Northern Ontario will improve railway infrastructure by increasing the fluidity and reliability of rail service, reducing travel time of railcar traffic and relieving supply chain congestion,” Canada Minister of Transport Omar Alghabra reported on Twitter. (Photograph Courtesy of Alghabra via Twitter)

For HCRY, C$21MM in Infrastructure Improvement Funding

Genesee & Wyoming Canada’s Huron Central Railway Inc. (HCRY) will receive a total of C$21 million for infrastructure rehabilitation from the governments of Canada and Ontario, which announced their investment on Jan. 10. The 173-mile short line in Northern Ontario will contribute C$10.5 million to the work.

GWI Proposes to Merge CHAT With, Into BAYL

Genesee & Wyoming Inc. (GWI) on Dec. 21 filed a verified notice of exemption with the Surface Transportation Board (STB) to convert Chattahoochee Bay Railroad LLC, a Delaware Corporation, into Chattahoochee Bay Rail Railroad LLC (CHAT LLC), a Delaware liability company, which will result into CHAT merging with and into the Bay Line Railroad, L.L.C. (BAYL).

RailVision Founder and CEO Dev Jain. (Photo: Business Wire)
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RailVision Secures $4MM in Seed Funding

Canada-based RailVision Analytics, which was launched in 2020 with the objective of “helping the railway industry reduce its fuel consumption and lower greenhouse gas (GHG) emissions,” announced Nov. 30 that it has closed a $4 million seed funding round from investors to be used for technical hiring, growing the company’s development team, and expanding its product line and customer base.

RDC, whose companies include Iowa Interstate Railroad and Pop-Up Metro, LLC, has become the eighth member of the RailPulse Coalition.

RDC Joins RailPulse Coalition

RailPulse has an eighth member: Pittsburgh, Penn.-based railway investment and management company Railroad Development Corporation (RDC), which on Oct. 19 joined the coalition established in late 2020 to “develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s freight rail industry.”

Service Offsite Solutions expects to employ 235 people at its new manufacturing, warehouse and distribution plant in Sanford, N.C., which will make modular floors, walls and roofs for off-site home construction.

NCRR Investing in New Rail-Served Site

The North Carolina Railroad Company (NCRR) will invest $300,000 to help build rail infrastructure for Service Offsite Solutions’ new $11.8 million manufacturing facility in Sanford, N.C.; the company will be served by Atlantic and Western Railway (ATW).