Norfolk Southern Corp. is acquiring from the Delaware & Hudson Railway Co. (D&H), a subsidiary of Canadian Pacific Railway, 282.55 miles of rail line between Sunbury, Pa., and Schenectady, N.Y., in a $217 million sale.
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.
Florida East Coast Railway (FECR) is expanding its services to include intermodal rail transportation between Charlotte, North Carolina and a number of locations in South Florida.
International Rail Partners LLCwas recently formed to pursue the acquisition and operation of freight railroads outside of the United States, as well as other rail-related support businesses worldwide. In addition to its corporate headquarters located in Boca Raton, Florida, the Company also has an office in San Francisco, California. The IRP leadership team is led by Managing Member Gary O. Marino, former Chairman, CEO and President of RailAmerica, and founder of Patriot Rail Corp. Other IRP managers include Donald Redfearn, former President of RailAmerica and Executive Vice President of Patriot Rail Corp., and Bennett Marks, former Executive Vice President &
EDMONTON — Claude Mongeau, president and chief executive officer of CN, said the company will have invested almost C$400 million to buy and rehabilitate four short-line railways serving resource-rich regions of northern Alberta by year-end 2011.