Jenifer Nunez, assistant editor

Jenifer Nunez, assistant editor

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Tuesday, 02 October 2012 13:08

CP EVP/COO resigns

Mike Franczak, executive vice president and chief operations officer for Canadian Pacific, has resigned.

Kansas City Southern has appointed Stephen Schollaert as vice president sales and marketing. In this position, he leads the carload business unit for The Kansas City Southern Railway Company (KCSR) and reports to KCS executive vice president sales and marketing Patrick Ottensmeyer.

Tuesday, 02 October 2012 12:43

GWI completes RailAmerica acquisition

Genesee & Wyoming Inc. has completed the acquisition of RailAmerica, Inc. and entered into a new five-year Senior Secured Credit Facility comprised of a $1.875 billion term loan and $425 million revolving credit facility.

In 2012, the freight rail industry will invest $23 billion to build, maintain and upgrade the nation's rail network, according to two new ads released by The Association of American Railroads.

Canadian National revitalized its company-wide employee training program, which will be anchored by two modern training centers to be built in Winnipeg, MB, Canada, and in suburban Chicago, Ill.

Federal Emergency Management Agency (FEMA) will reimburse $1,581,244 in disaster funding to New York Metropolitan Transportation Authority for damages mainly along the Metro-North Port Jervis line that runs parallel to the Ramapo River.

Norfolk Southern trains hauling sand used in extracting natural gas from the Marcellus Shale formation soon will have the ability to unload five times faster due to a $20 million upgrade at the Horseheads (N.Y.) Sand & Transloading Terminal (HOST).

The reconstruction of New York's Metropolitan Transportation Authority Metro-North Tarrytown Station, the second busiest station on the Hudson Line, has been completed under budget, on schedule after three years of work and with no impact on train performance.

Union Pacific named Diane Duren executive vice president. She will be responsible for strategic planning, administration and human resources upon two senior executive retirements in February. Duren also will become corporate secretary at that time.

AECOM Technology Corporation was awarded a final design contract to assist the Denver Regional Transportation District (RTD) in the first two segments of its North Metro Rail Line.

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