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Investor sues FEC railroad over bid for buyout

(The following story by Jeff Ostrowski appeared on the Palm Beach Post website on May 17.) BOCA RATON, Fla. — The executives who control the railway laid by Henry Flagler should have driven a harder bargain with a buyout firm, a shareholder lawsuit says. A Nevada...

In the blood: A day on the rails with an MRL crew

(The following story by Linda Halstead-Acharya appeared on the Billings Gazette website on May 13. Doug Hedges and Steve Miller are members of BLET Division 232 in Laurel, Mont.) BILLINGS, Mont. — When the train rolled out of Laurel, hauling 105 carloads of corn,...

Genesee & Wyoming April traffic declines

(The Associated Press circulated the following on May 11.) GREENWICH, Conn. — Short line and regional freight railroad operator Genesee & Wyoming Inc. said Friday its same-railroad traffic in April declined 6.8 percent, as the company hauled less coal, coke and...

Fortress agrees to buy Florida East Coast

(Bloomberg News circulated the following story by David Mildenberg on May 8.) ATLANTA — Fortress Investment Group LLC, the first U.S. manager of private equity and hedge funds to go public, agreed to buy real estate developer and railroad operator Florida East Coast...

Inspectors close 3 NYS&W trash sites

(The Associated Press circulated the following on April 29.) NORTH BERGEN, N.J. — The state Department of Community Affairs Friday has closed three trash transfer sites in Hudson County run by a railroad for fire safety violations. The DCA cited the three...

DM&E just a matter of time?

(The following story by Crystal Lindell appeared on the Capital Journal website on April 26.) PIERRE, S.D. — Gov. Mike Rounds thinks it is only a matter of time before a regional railroad finds private funding to increase their services through South Dakota. The...

RailAmerica reorganizes into five smaller regions

(The following report by John Johnston appeared on the Boca Raton News website on April 26.) BOCA RATON, Fla. — In a further realignment of its management structure, RailAmerica, Inc., has announced it will reorganize from three business units into five operating...

Forum on DM&E weighs merits of rail in S. Dakota

(The following story by Peter Harriman appeared on the Argus Leader website on April 22.) SIOUX CITY, S.D. — After two days of listening to presentations about how railroads helped develop and define the Dakotas more than a century ago, participants at the 39th annual...