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Indiana in the midst of railroad construction boom

(Source: Indianapolis Star, July 27, 2014) INDIANAPOLIS, Ind. — Rising fuel costs have spurred a new rail road boom in Central Indiana. Indiana Rail Road, based in Indianapolis, recently rebuilt eight crossings on the Southside and plans to finish two more by August....

Genesee & Wyoming takes over former DM&E lines

(Source: Lincoln Journal Star, June 2, 2014) LINCOLN, Neb. — Genesee & Wyoming Inc., a publicly traded short-line railroad company, announced that its new subsidiary Rapid City, Pierre & Eastern Railroad Inc. completed the acquisition of the west end of the...

Sale of MMA Railway expected to close today

(Source: Associated Press, May 15, 2014) PORTLAND, Maine — The sale of the Maine-based railroad responsible for a deadly oil train derailment in Quebec is nearly final. Chapter 11 trustee Robert Keach said the $15.85 million sale of bankrupt Montreal, Maine and...