November 9, 2012 | Headlines, Short Line
(Source: Bloomberg Businessweek, November 4, 2012) TACOMA, Wash. — As the City of Tacoma grapples with its $63-million recession hangover with layoffs and cutbacks, one branch of city government, its municipal railroad, Tacoma Rail, may be putting hard times behind...
November 6, 2012 | Accident, Headlines, Short Line
(Source: Associated Press, November 5, 2012) LOUISVILLE, Ky. — Paducah & Louisville Railway has paid out at least $325,000 to reimburse people evacuated from their homes because of a chemical fire from a derailed tanker car, seeking to compensate evacuees who...
November 5, 2012 | Headlines, Short Line
(Source: RailAmerica press release, November 5, 2012) BOCA RATON, Fla. — Short line railroad operation RailAmerica reported third quarter 2012 financial results on November 5, 2012. Third quarter highlights: • Revenue increased 11% versus third quarter 2011. •...
November 5, 2012 | Headlines, Short Line
(Source: Genesee & Wyoming press release, November 5, 2012) GREENWICH, Conn. — Short line railroad operator Genesee & Wyoming reported third quarter 2012 results on November 5, 2012) Third quarter highlights: • Adjusted diluted earnings per share of $0.74...
October 31, 2012 | Headlines, Short Line
(Source: Prairie Business, October 30, 2012) PIERRE, S.D. — The South Dakota Department of Transportation and the Dakota Southern Railway Company are wrapping up a two-year, $28 million rehabilitation project on the state-owned, short-line rail system between Mitchell...
October 12, 2012 | Headlines, Short Line
(Source: RailAmerica press release, October 11, 2012) JACKSONVILLE, Fla. — On October 1, 2012, RailAmerica, Inc. (RailAmerica) was acquired by Genesee & Wyoming Inc. (GWI) and simultaneously deregistered its common stock and delisted from the New York Stock...
October 12, 2012 | Headlines, Short Line
(Source: Genesee & Wyoming press release, October 11, 2012) GREENWICH, Conn. — Genesee & Wyoming Inc. today reported traffic volumes for September 2012 and the third quarter of 2012. GWI’s traffic in September 2012 was 79,239 carloads, a decrease of 4,369...
October 11, 2012 | Headlines, Short Line
(Source: Associated Press, October 10, 2012) BILLINGS, Mont. — A long-stalled coal railroad in southeastern Montana could get an easement through the state’s Miles City fish hatchery in exchange for a $2 million payment into a conservation fund and a $25 million...
October 2, 2012 | Headlines, Short Line
(Source: Genesee & Wyoming press release, October 1, 2012) GREENWICH, Conn. — Genesee & Wyoming Inc. (GWI) announced today that it has completed the acquisition of RailAmerica, Inc. (RailAmerica) and entered into a new five-year Senior Secured Credit...
September 26, 2012 | Headlines, Short Line
(Source: International Railway Journal, September 25, 2012) The acquisition of Rail America by fellow U.S. regional railway operator Genesee & Wyoming Inc (GWI) may be making the headlines, but industry analysts would do well to consider the strength of...
