3i-backed Regional Rail has agreed to acquire Pinsly Railroad Company’s Florida operations, with 208 miles of track across three short line railroads, subject to authorization from the Surface Transportation Board.
Steve Predmore, a 30-year aviation and bus safety professional, has been appointed Executive Vice President and Chief Safety Officer at Amtrak, effective Nov. 4, 2019. Predmore will succeed Ken Hylander, who will return to retirement on Nov. 15, 2019.
The American Short Line and Regional Railroad Association (ASLRRA) has developed and provided resources designed to proactively assist its members in addressing the challenges of both weather- and non-weather-caused emergency events affecting employees, shippers, infrastructure and operations.
The Greenbrier Companies, Inc. (GBRX) reported financial results for its fourth fiscal quarter and year ended August 31, 2019. The former includes record revenue of $914.2 million; the latter, record revenue of $3 billion and a record new railcar delivery total of 23,400 units for the year.
Keolis Commuter Services (Keolis), the MBTA’s operating partner for Commuter Rail, recently awarded $25,000 to 25 local students as part of the 2019 Keolis Scholars program.
Illinois Railway, LLC (IR), operated by OmniTRAX, Inc., has become one of the first short line railroads to implement fully functional positive train control (PTC) and enable state-of-the-art safety on its trains.
Trinity Industries, Inc. recently announced earnings results for the third quarter ended September 30, 2019, which include “significantly improved” year-over-year growth in revenue, operating profit and earnings per share.
Canadian Pacific (CP) announced record third-quarter revenues of C$1.98 billion, and reported diluted earnings per share (EPS) of C$4.46, or C$4.61 on an adjusted diluted EPS basis. The Class I railroad also achieved a record-low quarterly operating ratio of 56.1%.
Norfolk Southern Corp. (NS) reported 3Q19 financial results, including a 3Q record operating ratio of 64.9%, as well as a net income of $657 million and diluted earnings per share of $2.49.
CSX Environmental Field Services Senior Manager Brian M. Zacker received the 2019 North American Environmental Employee Excellence Award from the Association of American Railroads (AAR), the “highest honor for industry environmental professionals.”
