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.

RSI scholarship deadline coming

The deadline for applying for the 2017/2018 school year RSI Undergraduate Scholarship is June 7.

Genesee & Wyoming UK buy expands maritime container transportation services

Genesee & Wyoming, Inc. announced that its subsidiary, GWI UK Acquisition Company Ltd., has completed the acquisition of all of the issued share capital of Pentalver Transport Limited from a subsidiary of APM Terminals.

Commentary

Trump beware: Banquo’s ghost lurks

“Fire burn and caldron bubble … something wicked this way comes”—and it’s neither Shakespeare’s Macbeth nor his lady.

FRA extends Part 243 implementation deadline by full year

The Federal Railroad Administration (FRA) has extended the implementation dates of Part 243 Minimum Training Standards by one year according to a notice in the May 3 edition of the Federal Register.

Software tycoon plans belt line around Chicago

An investment group is seeking federal permission to construct a privately-owned, all-new railroad that would bypass the congestion of Chicago.

Louisville & Indiana Railroad wins ASLRRA award for hiring veterans

The Louisville & Indiana Railroad was named one of four winners of the Timmons Award for an outstanding effort hiring and retaining military veterans.

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.

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