March 29, 2019 | News, Short Line
INDEPENDENCE, Ohio, March 29 — The Brotherhood of Locomotive Engineers and Trainmen (BLET) has reached a tentative agreement with the Louisville & Indiana Railroad (LIRC). Ballots were mailed today to active members of the BLET employed by LIRC who are eligible...
March 12, 2019 | Headlines, Short Line
(Source: Reuters, March 11, 2019) NEW YORK — Genesee & Wyoming Inc, which owns and operates freight railroads, is exploring strategic options including the sale of a minority stake, Bloomberg reported on Monday, citing people with knowledge of the matter. Full...
February 26, 2019 | Headlines, Short Line
(Source: Progressive Railroading, February 25, 2019) United Rail Inc. has acquired the New England Southern Railroad (NES) in Concord, New Hampshire. United Rail, a short line consolidator and owner of the SmartRail brand for electronic precision railroading and brand...
February 12, 2019 | Headlines, Short Line
(Source: The Hour, February 6, 2019) DARIEN, Conn. — After throttling up its growth with a string of acquisitions the past several years, the nation’s largest operator of short-line railroads hopes to capitalize on the expertise in its far-flung operations by...
February 8, 2019 | Headlines, Quarterly Income, Short Line
(Source: Zacks, February 7, 2019) NEW YORK — Genesee & Wyoming’s fourth-quarter earnings (excluding 6 cents from non-recurring items) of $1 per share surpassed the Zacks Consensus Estimate of 90 cents. The bottom line also improved 29.9% on a year-over-year...
January 30, 2019 | CSX, Headlines, Short Line
(Source: Pensacola News Journal, January 29, 2019) PENSACOLA, Fla. — The sale of CSX’s 373 miles of railroad between Pensacola and Jacksonville to Florida Gulf and Atlantic Railroad, a subsidiary of Rail USA, has stalled. Full story: Pensacola News...
January 16, 2019 | Headlines, Legislation, Short Line
(Source: Progressive Railroading, January 15, 2019) A bill that aims to make the short-line tax credit permanent was introduced in the U.S. House late last week. U.S. Rep. Earl Blumenauer (D-Ore.) introduced H.R. 510, which calls for permanently extending the Section...
January 10, 2019 | Headlines, Positive Train Control, Short Line
(Source: Railway Age, January 7, 2019) NEW YORK — Wheeling & Lake Erie and Herzog completed brake testing and preparations for Positive Train Control functionality in revenue service by the end of 2018. Full story: Railway Age
January 3, 2019 | Headlines, Positive Train Control, Short Line
(Source: Grand Island Independence, December 29, 2018) GRAND ISLAND, Neb. — The main line of Union Pacific through Grand Island will use the new PTC equipment, as will part of the much smaller Nebraska Central Railroad network that includes the branch line from Grand...
December 18, 2018 | Headlines, Short Line
(Source: Genesee & Wyoming press release, December 14, 2018) DARIEN, Conn. — Genesee & Wyoming Inc. (G&W) today reported traffic volumes for November 2018. G&W’s total traffic in November 2018 was 259,900 carloads, a decrease of 12,012 carloads, or...
