3i-backed Regional Rail plans to acquire two more short-line railroads, one in Ohio and one in Indiana, as part of a push to expand its presence in the Midwest.
See why Freight Railroads are Separated Into Classes
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.
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.
The bipartisan bill seeks to streamline the application process and lower the application costs for a loan program for short line and passenger railroads.
OmniTRAX is looking for interested parties seeking to develop commercial facilities along its West Virginia rail lines.
Freight rail trade and labor groups applaud the U.S. federal government for passing the $2 trillion stimulus package aimed at stabilizing the American economy amid the coronavirus pandemic.
The requests to waive the Federal Railroad Administration’s regulations on random alcohol and drug testing and on certain rail operations are due to social distancing recommendations and an anticipated reduction in staff because of COVID-19.
OmniTRAX announces new CFO following several additions to the management team.
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 notice of proposed rulemaking pertains to training for Class II and Class III rail employees.
The upgrades come as company and state officials eye anticipated volume growth at the Port of Savannah.
The trade group has been lobbying Congress to make permanent a tax credit for infrastructure investments.
The Federal Railroad Administration is asking freight and passenger railroads to apply for grants aimed at upgrading infrastructure or enhancing safety.
Genesee and Wyoming sees second-quarter operating income decline amid lower freight revenues from its Australian and European operations and flat year-over-year revenue from its North American operations.
In the longer-term, rail industry observers are waiting to see how and whether Genesee & Wyoming will be able to make the capital investments needed to maintain its infrastructure.
GWR acquired in $8.4 billion deal that many investors view as the plan all along.
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.
Precision scheduled railroading (PSR) can’t succeed if the Class I railroads aren’t able to fold the shortline railroads into the new operating model, according to one of the early developers of the precision railroading model.
