Stonepeak Infrastructure Partners has completed the previously announced transaction to acquire TRAC Intermodal and its subsidiaries from investment funds managed by an affiliate of Fortress Investment Group LLC on March 27, 2020.
The joint venture of STV, AECOM, Morrison Hershfield and McMillen Jabobs Associates, of Ottawa, has earned a National Recognition Award for exemplary engineering achievement in the American Council of Engineering Companies’ (ACEC) 53rd annual Engineering Excellence Awards (EEA) for designing Stage 1 of the OCTranspo Confederation Line.
Trinity Industries, Inc. realigned responsibilities for some of its most senior executives, effective April 1, 2020. Specifically, Eric R. Marchetto has been appointed Chief Financial Officer, and W. Relle Howard, currently Vice President and Chief Administrative Officer, will return to his previous role as Chief Information Officer.
The Association of American Railroads (AAR) released U.S. rail traffic for the week ended March 21, 2020, and it contained some much-needed good news: The worst of the coronavirus’ effects on Asian trade may be over.
RR Mergers & Acquisitions has announced the sale of Allpress & Moore Railroad Signal Contractors to CDL Electric Company.
The CREATE partners received a $12.9 million federal grant for the Pullman Junction project in the south Chicago communities of Burnside and Cottage Grove Heights.
Railway Age’s 2020 Short Line and Regional Railroads of the Year are the Terminal Railroad Association of St. Louis (TRRA) and Reading & Northern Railroad (R&N), respectively. Delmarva Central Railroad Company (DCR) and Vermont Rail System (VRS), respectively, earned Short Line and Regional Honorable Mentions.
Stucki Roller Bearing (SRB), a division of A. Stucki Company, recently opened a second location in Lincoln, Neb. SRB supplies reconditioned bearings for freight car, locomotive and transit applications.
Cowen and Company revealed three factors that could position railcar lessors well in the intermediate to long-term: Financial investors looking for hard, yield-generating assets amid further interest rate declines; partial, lease-term-driven insulation; and “our view that lease rates will be first to rebound in the rail equipment market when a freight recovery occurs.”
Terminal Railroad Association of St. Louis (TRRA)—Railway Age’s 2020 Short Line of the Year—has selected CloudMoyo Crew Management (CCM) technology for implementation across all locations “in an effort to ensure better crew availability, intelligent rostering and lowered costs with better crew utilization.”