Freight

STB adopts final rule for board-initiated investigations

The Surface Transportation Board (STB) announced Dec. 14 its adoption of a final rule to establish procedures for board-initiated investigations regarding railroad issues of national or regional influence pursuant to Section 12 of the STB’s Reauthorization Act of 2015 (Reauthorization Act), Pub. L. No. 114-110, 129 Stat. 2228 (2015).

 

GWI UK to acquire Pentalver Transport

GWI UK Acquisition Company Limited, a subsidiary of Genesee & Wyoming Inc. (GWI), has entered an agreement with a subsidiary of APM Terminals (A P Møller-Maersk A/S) to acquire Pentalver Transport Limited for approximately £87 million (approximately US$110 million).