Genesee & Wyoming Inc.’s newest rail subsidiary, Rapid City, Pierre & Eastern Railroad, Inc. (RCP&E), began operations Sunday, June 1, 2014, as Canadian Pacific completed the sale of the line, the western stretch of the Dakota, Minnesota & Eastern.
OmniTRAX announced Wednesday, May 28, 2014 that it is acquiring Sand Springs Railway Co., a 32-mile short line linking the railroad’s namesake Oklahoma city with Tulsa, Okla.
Hermon, Maine-based Montreal, Maine & Atlantic Railway has a new identity – Central Maine and Quebec Railway – following its purchase by Railroad Acquisisition Holdings LLC, an arm of New York-based Fortress Investment Group.
Short line Coos Bay Rail Link (CBR) has been named a new member of the U.S. Environmental Protection Agency’s SmartWay® Transport Partnership program, the railroad announced Monday, May 19, 2014.
The bankrupt Montreal, Maine & Atlantic Railway (MM&A) and three of its former employees are to appear in court in Lac-Mégantic, Quebec, Tuesday, May 13, 2014, to face 47 charges of criminal negligence causing death in the runaway derailment and explosion last July 6 of a training carrying oil from North Dakota.
Sierra Railroad Co., an operator of freight trains and passenger excursions, said it has been awarded “$39.6 million in compensatory and punitive damages in a service contract dispute with Patriot Rail Corp.” by a California jury.
Genesee & Wyoming, Inc. on Thursday, May 1, 2014, cited “severe winter weather” as a primary factor disrupting its first-quarter earnings and revenue.
In a 6-to-2 vote, the U.S. Supreme Court has upheld Environmental Protection Agency (EPA) authority to regulate air pollution generated by coal plants that crosses state lines, putting additional pressure on coal as an energy source – and particularly electricity generation – and the railroads that deliver the fuel.
