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Rail Industry News

DM&IR name is history as CN merges 3 railroads into 1

(Source: Duluth News Tribune, January 2, 2012) DULUTH, Minn. — Canadian-based CN railway has announced the formal merger of its three Northland subsidiary rail companies into one. The Duluth Missabe and Iron Range Railway Co., the Duluth, Winnipeg and Pacific Railway...

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Customers locate on CSX in 17 states in 2011

(Source: CSX press release, January 5, 2012) JACKSONVILLE, Fla. — Customers across manufacturing, consumer goods, energy and other markets committed to 124 new or expanded facilities on CSX and its short line railroad partners in 2011, driving job growth and other...

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GE Transportation buys rail software firm

(Source: Journal of Commerce, January 4, 2012) WASHINGTON, D.C. — According to the Journal of Commerce, GE Transportation acquired rail industry software developer RMI from The Carlyle Group, expanding its transportation software and optimization business. Full story:...

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UP capped off 2011 with strong coal train volume

(Source: Progressive Railroading, January 4, 2012) Last month, Union Pacific Railroad loaded 1,085 coal trains in the Southern Powder River Basin (SPRB) compared with 984 trains in December 2010. The Class I met 100.4 percent of National Coal Transportation...

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CP Rail upgraded on prospect of new CEO

(Source: Financial Post, January 4, 2012) OTTAWA — Canadian Pacific Railway Ltd. was upgraded to neutral from underweight at JPMorgan on raised expectations that Hunter Harrison will become CEO. Full story: Financial Post

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