The Wood Energy Group, Inc., a division of Banyan Rail Services Inc., hired Natalie Ann Macey as vice president sales and marketing.
RailAmerica has signed an agreement to acquire Marquette Rail LLC for $40 million, subject to final adjustments for working capital. The acquisition is subject to customary closing conditions and Surface Transportation Board approval.
Construction has begun on a new 2.6-mile streetcar line in Georgia that will run through the heart of Atlanta's business, tourism and convention corridor and bring jobs and new development to the city.
Axion International has received a purchase order for its first installation of ties from another Class 1 railroad. This represents the second of the nation's Class 1 rail lines that Axion is doing business with, following a multi-year contract announced earlier in 2011.
House Transportation and Infrastructure Committee unveiled the American Energy & Infrastructure Jobs Act. The initiative is a five-year, $260 billion infrastructure bill that reforms transportation programs and promotes increased domestic energy production to create American jobs.
The Birmingham Terminal Railway (BHRR) began operations at 12:01 a.m. Central time, Wednesday, Feb. 1. The railway was created by acquiring the assets of the Birmingham Southern Railway (BS).
Honolulu Mayor Peter Carlisle presented a proposed solution to further strengthen the financial plan of Honolulu's rail project, remain on target for its successful completion and obtain full funding in the amount of $1.55 billion from the federal government.