Darien, Conn.-based Genesee & Wyoming, Inc. on Friday, Oct. 31, 2014 reported third-quarter net income of $72.9 million, compared with net income of $66.2 million in the third quarter of 2013. Excluding the net impact of certain significant items discussed below, G&W’s adjusted net income in the third quarter of 2014 was $69.3 million, compared with adjusted net income of $59.8 million in the third quarter of 2013.
Florida’s Canaveral Port Authority (CPA) has petitioned the Surface Transportation Board for permission to “construct and operate approximately 11 miles of new rail line to Port Canaveral (Port) in Brevard County, Florida.”
The Surface Transportation Board said it has awarded a contract to InterVISTAS Consulting LLC (InterVISTAS) “to conduct an independent analysis that evaluates potential alternative rate regulation approaches, with the goal of reducing the time, cost and complexity of rate reasonableness complaints brought before the Board.”
The Surface Transportation Board on Friday, Sept. 19, 2014, ruled in favor of a short line railroad seeking to build a propane storage facility in North Grafton, Mass., against the objections of local residents.
Tacoma Rail, a short line serving its namesake port facility and city in Washington State, has signed a contract with BNSF to supply fueling and maintenance needs for the Class I railroad.
Pacific Harbor Line said late Tuesday, Sept. 2, 2014 it is now “serving customers located in three industrial areas near the Ports of Los Angeles and Long Beach, linked to a 10-mile industrial spur owned by Union Pacific Railroad.”
R. J. Corman Railroad Company/Texas Lines LLC late Tuesday, Sept. 2, 2014 announced the purchase of the assets of Texas Southeastern Railroad (TSE), previously a subsidiary of Georgia-Pacific LLC.