Canadian Pacific Railway CEO and Director E. Hunter Harrison told investors last week that he expects rail consolidation among the largest North American railroads within six years, but the scenario he laid out was far bolder than what’s been swirling around the industry for years.
Short Lines and Regional Railroads
In-depth news coverage of the short line railroad shipping industry.
News & Analysis
03 Jan 2014
Canadian Pacific Railway will sell the western end of its Dakota, Minnesota and Eastern line to Genesee & Wyoming for $210 million, the latest effort by the former to boost profitability by cutting non-core assets.
04 Nov 2013
Genesee & Wyoming reported a net income of $66.2 million in the third quarter of 2013, compared with a net loss of $19.6 million in the same period last year.
16 Oct 2013
Florida Gov. Rick Scott pledged that he would ask the Florida legislature to include $14.7 million in funding for Port Everglades’ Southport Turning Notch project.
11 Oct 2013
Florida East Coast Railway has announced that its $53 million, 42.5-acre intermodal container transfer facility at Port Everglades is making progress and is expected to open in mid-2014.
23 Sep 2013
U.S. District Court Judge John R. Adams has issued a temporary restraining order in Akron, Ohio, ending a strike by workers with the Brotherhood of Locomotive Engineers and Trainmen...
20 Sep 2013
More than 100 members of the Brotherhood of Locomotive Engineers and Trainmen today struck the Wheeling & Lake Erie Railway to protest...
18 Sep 2013
The U.S. Surface Transportation Board has adopted its final rules establishing disclosure requirements for rail transactions involving interchange agreements.
09 Sep 2013
William R. Costantini has been named vice president and chief transportation officer for Florida East Coast Railway (FEC), effective Sept. 16.
13 Aug 2013
Genesee & Wyoming, a major owner of short line and regional railroads in North America with significant operations in Australia as well, saw more positive results in July, with its traffic increasing month-to-month, year-over-year, and pro forma from volume before the Rail America acquisition. Its 2013 numbers, when compared to 2012, show extremely large increases because of its acquisition of RailAmerica. However, July 2013’s volume still was higher than the combined total of G&W and RailAmerica’s separate numbers for July 2012 by 8.8 percent.
Commentary
Farmers Lead Export Charge