Short Lines

Opinion: Tax reform would benefit railroads, customers, and the economy

With Washington lawmakers setting spending levels through September, elected leaders are now turning to healthcare and tax legislation. Congress will reportedly work on a tax plan in concert with the White House, likely incorporating elements of the Trump administration’s recently released principles, which include reducing the corporate tax rate to 15 percent. Time will tell if legislation ultimately reflects that rate, or perhaps one a bit higher.

IHB going CNG

The Indiana Harbor Belt Railroad (IHB) is partnering with OptiFuel Systems LLC and R.J. Corman Railpower Locomotives LLC to convert its entire locomotive fleet to compressed natural gas (CNG).

Trump tax cuts good for railroads? Probably not

The Trump Administration on April 26 released a proposed overhaul of the federal income tax system that promises to simplify the tax structure as well as reduce the rate at which large corporations are taxed to 15%.

Siemens creating “Internet of Trains”

Siemens’ U.S. unit has launched Digital Rail Services, a new business that will use intelligent sensors and advanced software platforms to put intelligence behind billions of data points created on the country’s rail systems.