Greenwich, Conn.-based Genesee & Wyoming Inc. on Wednesday reported fourth-quarter net income $33.3 million, compared with net income of $19.9 million in the fourth quarter of 2010. GWI’s diluted earnings per share (EPS) in the fourth quarter of 2011 were 77 cents with 42.9 million weighted average shares outstanding, compared with diluted EPS of 47 cents with 42.3 million weighted average shares outstanding in the fourth quarter of 2010.
Railway Age is now accepting entries for its annual Short Line/Regional Railroad of the Year competition. Short lines and regionals—and there are more than 500 of them—are invited to submit entries describing outstanding achievement in one or a combination of areas.
The recent 10th anniversary of 9/11 gave us all pause to think about those tragic events and reflect on whether life is different today because of them. On Sept. 12, 2001, national security and protecting America became the new priority for our society. Across all spectrums people got on with the task of addressing homeland security.
L.B. Foster Co. is delivering rail and trackwork products valued at $3.4 million for the construction of 8.5 miles of track at the new Vallourec & Mannesmann Tubes Star Steel pipe mill in Youngstown, Ohio. The contractor is Wintrow Construction of Barberton, Ohio.
Members of three more unions have ratified new contracts with U.S. freight railroads, it was announced Tuesday.
Jacksonville, Fla.-based RailAmerica, Inc. Monday announced the upcoming retirement of Charlie Patterson, senior vice president and chief commercial officer. Patterson’s retirement is effective December 31.
Patriot Rail Corp., which owns and operates 12 short line railroads, announced the appointment of David J. Rohal to its management team as vice president, reporting to Chairman, President, and CEO Gary O. Marino.
The Association of American Railroads (AAR) Thursday said that Alaska Railroad Corp. (ARRC) has become its newest member.
Canadian Pacific has executed a trackage rights agreement with the Iowa Northern Railway that it says “expands CP’s market reach in Iowa and increases rail business options for customers’ agricultural commodities via CP anad IANR track.” The agreement provides Iowa Northern rights to operate over CP’s line between Garner, Iowa, and Nora Springs, Iowa.
Pittsburgh, Kan.-based Watco Transportation Services, LLC has announced it is acquiring what it calls “controlling ownership” of Milwaukee-based Wisconsin & Southern Railroad Co. (WSOR). Watco’s acquisition adds Wisconsin’s second-largest railroad to it stable of short line and regional properties.