Quebec railcar fire damage assessed

Quebec provincial and local officials, along with firefighters, continued struggling Monday, July 8, 2013, with the damage and death caused by a Montreal, Maine & Atlantic Railway crude oil train that derailed early Saturday in Lac-Megantic, Quebec.

RRV&W reaches one million carloads

On June 22, the Red River Valley & Western Railroad Company, after 26 years in business, moved its one-millionth carload. The celebratory shipment was 110 tons of corn destined for the port of Seattle.

Jo Strang joins ASLRRA staff

The American Short Line and Regional Railroad Association has appointed Jo Strang as Vice President for Regulatory Affairs, effective July 1.

Alaska Railroad begins extension project

Alaska Railroad has begun clearing right-of-way for a 32-mile, $88 million extension between Point MacKenzie and Houston, Alaska.

Central Oregon & Pacific receives TIGER grant

The U.S. Department of Transportation, through the Federal Railroad Administration, has awarded a $7 million TIGER (Transportation Investment Generating Economic Recovery) grant to the State of Oregon to support a $9.4 million project that will rehabilitate and reopen a 296-mile stretch of the Central Oregon & Pacific Railroad (a Genesee & Wyoming property).

Tres Meyer named Nebraska Central COO

Rio Grande Pacific Corporation has appointed rail industry veteran Tres Meyer as Chief Operating Officer of its Nebraska Central Railroad Company. He will report RGPC President Robert Bach.

America’s railroads: Conservers of energy, friends of the environment

You might remember the TV commercial: A single locomotive pulling doublestacked containers through a pastoral landscape, a logjam of trucks and autos on the adjacent roadway, everything moving uncharacteristically slow, but the message conveyed with undeniable clarity: Trains move goods more efficiently than trucks.

New investment capital for Iowa Pacific

Iowa Pacific Holdings, LLC announced on May 10 that it has reached a preliminary understanding with two institutional investors for up to $35 million of new capital that will be used to expand working capital availability, retire a Federal Railroad Administration RRIF loan, and fund track improvements. The company expects to close on the financing in the second quarter of 2013.

Omnitrax bidding in Romania

The Romanian Government on May 8 received three bids for the sale of a 51% stake in CFR Marfă, the national rail freight operator, and U.S. short line operator Omnitrax is one of them. Omnitrax is bidding against Romania’s two largest independent rail freight operators—Grup Feroviar Român, and Transferoviar Grup, which is part of a consortium with Austrian-based financial investors Donau Finanz.

KCS names Selby short line, energy markets VP

Kansas City Southern has promoted Darin P. Selby to Vice President Energy Markets and Short Line Partner Relations, from his previous position as Assistant Vice President.
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