The U.S. Department of Transportation’s Federal Railroad Administration (FRA) earlier this month announced more than $326 million in grants for a wide variety of state and local railroad infrastructure projects.
R. J. Corman Railroad Co. is buying the Nashville & Eastern Railroad Corp., Nashville & Western Railroad Corp., Transit Solutions Group and three related operating entities.
Genesee & Wyoming Inc. (G&W) is acquiring the shares of Atlantic Western Transportation, Inc., parent company of Heart of Georgia Railroad, Inc. (HOG).
Genesee & Wyoming subsidiary Genesee & Wyoming Australia (GWA) is buying Glencore Rail (GRail) for A$1.14 billion. It will also concurrently issue a 49 percent equity stake in GWA to funds managed by Macquarie Infrastructure and Real Assets (MIRA).