Connecticut receives $120 million for high-speed rail

Connecticut will receive $120 million in high-speed intercity passenger rail program funding from the U.S. Department of Transportation to complete construction on the Hartford segment of the New Haven to Springfield, Mass., passenger rail corridor.

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.

Union Pacific names Duren executive vice president

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.