Through the Rail-Ready Sites program, OmniTRAX and Tiffin-Seneca Economic Partnership are marketing three initial sites to shippers along the Northern Ohio & Western Railway (NOW).

Small Road News: OmniTRAX, Watco, Anacostia Launch Growth Initiatives

Denver-based OmniTRAX is linking rail-served properties along its 25-mile Northern Ohio & Western Railway (NOW) with customers interested in locating there, in coordination with the Tiffin-Seneca Economic Partnership, which serves the counties of Tiffin and Seneca, Ohio. Additionally, Watco Companies, LLC, will lease and operate a line from CN subsidiary Wisconsin Central Ltd. in Illinois. Previously known as the Phoenix Line, Watco’s new subsidiary is now called the Elwood Joliet & Southern Railroad (EJSR). The Jeffersonville RiverRail Terminal in Indiana is set to open early next year, to be served by Louisville & Indiana Railroad (LIRC), an Anacostia Rail Holdings Co. subsidiary, and American Commercial Barge Line.

Staggers Act Lessons Remain Relevant in 2020

ASLRRA PERSPECTIVE, RAILWAY AGE OCTOBER 2020 ISSUE: This month marks the 40th anniversary of the passage of the 1980 Staggers Rail Act. It is an anniversary well worth emphasizing to the growing number of people who were not then in the industry and have little connection to that history. This landmark legislation literally saved the nation’s railroads from near total collapse. By the mid-1970s, many Class I railroads were in or near bankruptcy. Deferred maintenance was growing exponentially, and the “standing derailment” phenomenon had come to symbolize the sad state of the industry.

Watco to Acquire Dow’s Rail Assets for $310MM

Watco Companies LLC announced it will acquire for more than $310 million Dow Inc.’s rail infrastructure assets and equipment at six North American locations.

Watco gets $450M in Oaktree equity, adds two to board

Watco Companies has formed a strategic partnership with Oaktree Capital Management, L.P., for a $450 million investment of private equity capital in the short line operator.

NRE building Watco Australia locomotives

Locomotive manufacturer NRE has released details of its recent contract with Watco Australia for eight light-axle locomotives to support the latter’s new contract in Queensland.

Smith new CEO at Watco

Watco Companies, LLC, is implementing its strategic succession plan with an executive leadership change.

Watco expands Australia rail freight operations

Regional and shortline railway operator Watco is set to expand its Australian operations.

Watco taking “Flyer” on OK passenger line

The short line operator is looking to start passenger rail service between Oklahoma’s two largest cities.

Watco Greens Port

Class I deal: Watco adds Houston terminal

Watco Companies, LLC, the owner and operator of Greens Port Industrial Park (Greens Port), located on the Houston Ship Channel, has acquired the assets of Industrial Terminals, L.P. 

HTI adds Watco to its PTC family

Watco Cos. LLC, a short line railroad holding and transportation services company based in Pittsburg, Kan., has selected Herzog Technologies, Inc. (HTI) to provide Positive Train Control (PTC) hosting services. HTI previously announced PTC hosting contracts with Tacoma, Wash.-based short line Tacoma Rail and Ohio-based regional Wheeling & Lake Erie.

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