January 9, 2020 | CP, Headlines, Short Line
(Source: Transport Topics, January 6, 2020) WASHINGTON, D.C. — Canadian Pacific closed its acquisition of the Central Maine & Quebec Railway, the Alberta-based rail company said in a Dec. 30 news release. Full story: Transport Topics
January 7, 2020 | Headlines, Short Line
(Source: Railway Age, January 3, 2020) NEW YORK — Genesee & Wyoming (G&W) recently announced the completion of its $8.4 billion sale to affiliates of Brookfield Infrastructure and GIC. Full story: Railway Age
December 23, 2019 | Headlines, Short Line
(Source: Freight Waves, December 23, 2019) CHATTANOOGA, Tenn. — The freight rail industry, and short line railroads in particular, will likely continue to be the target of mergers and acquisitions (M&As) in 2020 and beyond because private equity firms are...
December 17, 2019 | Headlines, Short Line
(Source: West Virginia Public Broadcasting, December 16, 2019) CHARLESTON, W.Va. — Colorado-based OmniTRAX, a freight-only transportation company that links several railroads from coast to coast in the U.S., purchased the Winchester & Western Railroad for $105...
November 8, 2019 | Headlines, Quarterly Income, Short Line
(Source: Freight Waves, November 7, 2019) CHATTANOOGA, Tenn. — Net profit for short line operator Genesee & Wyoming (G&W) slipped in the third quarter amid lower revenues and rail volumes. Third-quarter net income attributable to G&W totaled $66.8...
November 1, 2019 | Headlines, Short Line
(Source: St. Paul Pioneer Press, November 1, 2019) ST. PAUL, Minn. — Could Minnesota water end up in the thirsty southwestern United States? In what is believed to be a first for Minnesota, the state has received a request from a small Lakeville railroad company...
October 25, 2019 | BNSF, Headlines, Short Line
(Source: Billings Gazette, October 24, 2019) BILLINGS, Mont. — DEQ has denied an operating permit to Spring Creek Mine owner Navajo Transitional Energy Company. NTEC is wholly owned by Navajo Nation. There are concerns the tribe won’t be backing mine bonds with...
October 17, 2019 | Headlines, Short Line
(Source: Opinion column by Jim Blaze published at FreightWaves.com, October 15, 2019) CHATTANOOGA, Tenn. — Railroad business news seems to be all about the benefits of Precision Scheduled Railroading (PSR). That’s the name of a cost minimization business strategy...
October 16, 2019 | Headlines, Short Line
(Source: Railway Track & Structures, October 15, 2019) NEW YORK — Affiliates of Denver-based OmniTRAX, Inc. and The Broe Group have signed A&R Logistics, Inc. (A&R) as lead tenant to anchor the Savannah Gateway Industrial Hub (SGIH), a master-planned,...
October 10, 2019 | Headlines, Short Line
(Source: Herald-Mail, October 9, 2019) MARTINSBURG, W.Va. — The leaders of one of North America’s largest privately held rail-centric transportation and logistic-services companies celebrated the acquisition of Winchester & Western Railroad Co. at a reception...
