Genesee & Wyoming Inc. earlier this month said it has signed an agreement with Pinsly Railroad Company of Westfield, Mass., to acquire certain subsidiaries that constitute Pinsly’s Arkansas Division for $40 million in cash, subject to adjustment for final working capital.
BNSF Railway Co. has announced that its planned capital expenditures for 2015 will be $6 billion, which the railroad says will go toward maintenance and expansion of the railroad in order to meet the expected demand for freight rail service.
CSX has taken a number of actions to overcome the transition in the energy markets in recent years, emerging a stronger company that is better positioned to capitalize on momentum across nearly all the markets it serves, Chief Financial Officer Fredrik Eliasson told investors and analysts at the Baird Global Industrials Conference this month in Chicago.
CSX is positioning itself to continue delivering strong financial results by balancing stabilized service levels, improving efficiency and continued growth opportunities, Chief Transportation Officer Cindy Sanborn told an industry audience this week at the annual RailTrends conference in New York City.
A strong and robust freight rail network is needed to meet the country’s transforming business challenges head on, Association of American Railroads (AAR) President and CEO, Edward R. Hamberger said this month.
U.S. Rep. Duncan Hunter, R-Calif., last month sent a letter to the U.S. Attorney for the Southern District of California, in support of an investigation into the Desert Line railroad and the current lease agreement with Pacific Imperial Railroad (PIR).
By the end of 2014, the nation’s major freight railroads will have hired 45,000 people since 2012, including an estimated 9,900 men and women with military service, according to the Association of American Railroads (AAR).
Amtrak is suggesting passengers book their Thanksgiving holiday train tickets sooner rather than later to avoid missing out on the best availability and pricing.
Clayton County residents earlier this month voted in favor of joining MARTA, the first county to join the transit system since its inception more than 40 years ago.