Jacksonville, Florida-based Gulf & Atlantic Railways is acquiring the Pioneer Valley Railroad in Massachusetts and operating the revamped Grenada Railroad.
CenterPoint acquires Houston-area distribution facility while Genesee & Wyoming reports industrial development results for 2020.
The coronavirus relief bill that passed Congress includes language that would make permanent a tax credit encouraging short line railroads to invest in capital projects.
Jaguar acquires five short lines, while OmniTRAX readies more business-ready sites.
The U.S. Department of Transportation hopes the changes will help more short line and regional railroads modernize and upgrade their infrastructure.
The short line operator prepares itself to manage future growth opportunities.
OmniTrax, a short line operator, says the appointment will help the company capitalize on customer interest for rail-based supply chains.
OmniTRAX is looking for interested parties seeking to develop commercial facilities along its West Virginia rail lines.
Private equity funds and other investors are scouring 35,000 miles of North American short-line rail track for deals even as the industry sees one of the biggest volume drops since 2008.
The acquisition will expand Regional Rail’s short line operations into North Carolina.
Improving rail volumes and service are among the crucial issues to look out for as the railroads reveal their 2020 guidance in the coming days.
Technology will have a key role, but how will shippers and labor benefit from the railroads’ high-tech initiatives, panel asks.
The Denver-based short line operator promotes from within for the new roles.
OmniTRAX and R.J. Corman seek to cultivate customer relations with recent appointments.
The railway announced plans to acquire the Central Maine & Quebec Railway in November.
Lower rail volumes, an active Surface Transportation Board and a strike were among the key events that the U.S. and Canadian freight rail industry experienced this year.
Private equity firms are likely to continue M&As in freight rail industry next year and beyond, observers say.
The loans would enable short line railroads to pay for rehabilitation projects.
The notice of proposed rulemaking pertains to training for Class II and Class III rail employees.
Market View commentator Jim Blaze writes about the advantages short line railroads offer to shippers.
The upgrades come as company and state officials eye anticipated volume growth at the Port of Savannah.
The Federal Railroad Administration is asking freight and passenger railroads to apply for grants aimed at upgrading infrastructure or enhancing safety.
The Federal Railroad Administration is awarding more than $326 million in grants to help states and localities repair, maintain and build rail infrastructure supporting freight rail and intercity passenger rail.
The American Short Line and Regional Railroad Association is urging Congress to pass legislation that would make permanent the tax credit that short lines receive for infrastructure improvements.
“The economy feels pretty good right now,” GWR chief executive Jack Hellmann said at an investor conference on May 14.
Plus: Truckers dis grocers, Nancy Pelosi to champion infrastructure and tech leaves its heart in San Francisco.
