Genesee & Wyoming Elects Three Directors

GREENWICH, Conn. – Shareholders of Genesee & Wyoming, Inc. (GWI) on May 12, 2004, elected three directors at its annual meeting of shareholders. Elected to three-year terms are: Louis S. Fuller, member of Courtright and Associates, an executive search firm, from 1992 to 1999, and now retired. Mr. Fuller is the first cousin of Chairman and Chief Executive Officer Mortimer B. Fuller III and has been a director since 1974. Philip J. Ringo, Chairman and Chief Executive Officer of RubberNetwork.com, LLC since June 2001. He previously was President and Chief Operating Officer of ChemConnect, Inc. from March 1999 to January

Union Pacific Responds to Unsolicited Mini-Tender Offer

OMAHA, Neb. – Union Pacific Corporation said May 11, 2004, it had been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) of Toronto, Canada, to purchase up to 2 million shares, or less than 1 percent, of the outstanding common stock of Union Pacific at a price of $56.80 per share.   Union Pacific does not in any way recommend or endorse this offer, and Union Pacific is not affiliated in any way with TRC, the offer, or the offer documentation.   Union Pacific notes that this offer price is 2.8 percent below the $58.45 per share

Norfolk Southern Exhibit Car Visiting 18 Communities

NORFOLK, Va. – The Norfolk Southern Exhibit Car will travel the company’s rail network from Alabama to Ontario in 2004, making stops in 18 communities where it will be open to the public. The car will appear for community events in 11 states and the Canadian province. It also will be in a special five-city whistle-stop train operated by NS to promote safe transportation of hazardous materials. The Exhibit Car is a rebuilt passenger rail car with displays depicting the history and modern operation of the Norfolk Southern transportation system. A locomotive simulator, the car’s most popular display, puts guests

CN Closes Transaction to Acquire Rail and Marine Holdings of Great Lakes Transportation

MONTREAL – Canadian National on May 10 completed its acquisition of the rail and marine holdings of Great Lakes Transportation LLC (GLT). CN will now commence the step-by-step integration of two railroads and a rail switching company into its 17,500-mile North American system. The railroads are: The 212-mile Duluth, Missabe and Iron Range Railway Company (DM&IR) – the Class II railroad is a common carrier of pelletized iron ore in Minnesota and Wisconsin. The Class II Bessemer and Lake Erie Railroad Company (B&LE), which carries primarily coal, iron ore and limestone between the Lake Erie port of Conneaut, Ohio, and

Man Killed By MARTA Train

May 10, 2004 Todd DeFeo 0

ATLANTA – A man walking in a train tunnel was killed Monday when he was struck by a westbound MARTA train, published reports indicate. The man was struck by the six-car train at about 10:20 a.m. It is unclear why the man was inside the tunnel, just east of the Decatur station. The train’s operator notified authorities after the train struck the man. “She pulled the emergency stop when she saw him,” MARTA spokeswoman Kimberly Willis Green told The Atlanta Journal-Constitution for a story posted to their web site Monday afternoon. Authorities did not release the man’s identity except to

Pacer Marks 20 Years of Double-Stack Rail Technology

Concord, Calif. – It has been 20 years since the introduction of double-stack rail technology changed the intermodal container-transportation industry forever. In 1984, container trains began breaking through cost, capacity and service barriers by using specially engineered rail cars that could carry two tiers of containers instead of one – significantly reducing the locomotive power, track capacity and train crews required by conventional intermodal trains to move a comparable payload.   The double-stack rail car’s unique design also significantly reduced damage in transit, and provided greater cargo security by cradling the lower containers so their doors cannot be opened. And a

Northeast Business Leaders Unite to Preserve Amtrak

WASHINGTON – Citing the vital importance of Amtrak to the nation’s economy and quality of life, a large delegation of East Coast business leaders today introduced a new coalition to advocate for increased federal investment in the aging passenger rail system. The Amtrak Business Coalition (ABC) consists of more than 50 East Coast business organizations from Virginia to Maine and includes The New England Council. In all, the Coalition represents 12 states and the District of Columbia. The ABC will work toward an increased federal commitment to preserve safe and reliable service along Amtrak’s Northeast Corridor Main Line, as well

TSA Launches New Passenger Safety Pilot Program

NEW CARROLLTON, Md. — A test program to measure the feasibility of explosives screening began May 4. The TSA launched the test program for people and bags traveling on U.S. trains. Amtrak and Maryland Rail Commuter (MARC) passengers boarding at the New Carrollton train station were screened for explosives as part of a pilot project to make rail travel safer, the Department of Homeland Security (DHS) said. The Transit and Rail Inspection Pilot (TRIP) will evaluate the use of emerging technologies to screen passengers and their carry-on items for explosives in the transit and rail environment in certain situations.  The

CSX Chairman Calls Conrail Transaction a Success: Calls on STB to End Oversight

WASHINGTON – The Conrail acquisition is a continuing success and the Surface Transportation Board’s (STB) five-year oversight has achieved its goals, Michael Ward, Chairman, President and Chief Executive Officer of CSX Corporation, said May 3. “We believe the 5-year oversight period that followed the transaction has achieved its objectives. We are now at a time when additional oversight is unnecessary – and the ordinary authority of the STB is more than sufficient to ensure that the public good continues to be served,” Ward said. “When you look at what has been achieved over the past five years – on behalf

Norfolk Southern’s Goode Urges an End to Conrail Oversight

NORFOLK, Va. – Noting “the Conrail transaction has been a success,” Norfolk Southern Chairman, President and Chief Executive Officer David R. Goode today urged the Surface Transportation Board not to extend its formal regulatory oversight period. “The history of the past five years shows how the transaction has lived up to the board’s expectations,” Goode testified during a hearing in Washington. “Perhaps most importantly, the transaction resulted in two competitively balanced rail systems serving the eastern United States. In addition, of course, the transaction has created vigorous new rail-to-rail competition throughout the former Conrail territory,” benefiting shippers and communities. “No

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