Wabtec Corp. has acquired RELCO Locomotives for $29 million, on a cash- and debt-free basis. All conditions for the acquisition are complete and the transaction will be accretive in year one. RELCO’s projected sales for 2019 are roughly $50 million.
Reading & Northern Railroad (R&N) broke its previous records for carloadings, freight revenue and excursion ticket sales.
The Dallas Area Rapid Transit (DART) Board of Directors recently awarded Stadler a $112 million maintenance contract. With the deal, Stadler enters the Maintenance Services sector in the U.S. for the first time.
Canadian Pacific (CP) moved more Canadian grain and grain products in 2019’s final quarter than any prior quarter in the company’s history.
Knorr Brake Company LLC (KBC) has appointed Jason Connell as President and CEO, effective Jan. 6, 2020. Connell will succeed current president Richard Bowie, who remains with the organization as Vice President – Marketing, Sales and Systems.
It’s no secret that U.S. rail traffic had a rough go in 2019—numbers were down pretty much across the board. And while the Association of American Railroads (AAR) blames a number of offenders, it’s hopeful that 2020 can bring some much-needed certainty to the industry.
Genesee & Wyoming (G&W) recently announced the completion of its $8.4 billion sale to affiliates of Brookfield Infrastructure and GIC.
The Delaware-Lackawanna Railroad Co., Inc. (DL) notched an all-time record for freight carloads handled in 2019 with 9,690, which marks DL’s third straight year of carload records.
The Metropolitan Transportation Authority (MTA) issued a Request for Proposals for a real estate license to build out and operate cellular connections in the L line’s tunnel beneath the East River.
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended Dec. 21, 2019, and, for this week, total U.S. weekly rail traffic was 507,589 carloads and intermodal units, down 10.5% compared with the same week last year.