Genesee & Wyoming Inc. (GWI) late Wednesday, Nov. 19, 2014 announced it "has signed an agreement with Pinsly Railroad Company of Westfield, Mass., to acquire certain subsidiaries that constitute Pinsly's Arkansas Division ('Pinsly Arkansas') for $40 million in cash, subject to adjustment for final working capital."
Association of American Railroads (AAR) President and Chief Executive Officer, Edward Hamberger recently said that a strong and robust freight rail network is needed to meet the country's transforming business challenges head on.
As the season for cold and snowy weather approaches, Metropolitan Transportation Authority (MTA) New York City Transit (NYCT) is ready for winter operations. NYCT said it is leaning on lessons from the 2013-2014 winter that brought 14 significant storms and more than 50 inches of snow.
Union Pacific will strengthen Colorado's transportation infrastructure by investing nearly $11 million in the rail line between Sterling and near Messex, Colo. The project, which is funded entirely by Union Pacific, began November 8 and is scheduled to be completed by mid-December.
Metropolitan Council Chair Susan Haigh decided to conclude her service as chair in order to focus her energies on her full-time position as president and chief executive officer of Twin Cities Habitat for Humanity. Haigh notified Minnesota Gov. Mark Dayton of her decision and agreed to remain in her current position until a successor is named.
Central Maine & Quebec Railway appointed Harold Tynes as chief financial officer, effective November 10, succeeding Sachi Mishra.
Norfolk Southern and the Delaware & Hudson Railway (D&H), a subsidiary of Canadian Pacific, have proposed a transaction under which NS would acquire 282.55 miles of D&H rail line between Sunbury, Pa., and Schenectady, N.Y. The $217-million is subject to the approval by the U.S. Surface Transportation Board.
In a complaint filed on Nov. 17, Amtrak is asking the Surface Transportation Board (STB) to investigate Norfolk Southern and CSX for causing delays for passengers traveling between Chicago and Washington, D.C., on the Capitol Limited service.
Union Pacific will strengthen Illinois' transportation infrastructure by investing $12 million in the rail line between West Chicago and Franklin Grove. The project began October 1 and is scheduled to be completed by mid-December.
Metro-North Railroad and Long Island Rail Road (LIRR) received approval from the Metropolitan Transportation Authority (MTA) Board to award contracts totaling $34.6 million for the purchase of inward- and outward-facing cameras in the cabs of their rail fleets.