Freight

CP’s McQuade retires, Grassby named SVP/CFO

Canadian Pacific appointed Brian senior vice–president and chief financial officer (CFO) effective November 1, 2012. Kathryn McQuade has informed the company she will retire from the role of CFO on that date.

Union Pacific acquires Oklahoma line

Union Pacific Railroad acquired complete ownership of a rail line in Oklahoma three decades after state officials saved what continues to be a link of commerce through the Sooner State.

CP EVP/COO resigns

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

KCS appoints vice president sales and marketing

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.

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.