DARIEN, Conn. — Genesee & Wyoming’s sale to Brookfield Infrastructure and GIC has been completed, the shortline holding company announced this morning. The deal takes the company private, with each share of stock receiving $112 cash. [See “Genesee & Wyoming sold in $8.4 billion deal,” Trains News Wire, July 1, 2019.] As a result, the […]
The last Mission Mountain local into downtown Kalispell, Mont., prepares to depart on Dec. 27. Justin Franz KALISPELL, Mont. — The last train into Kalispell rolled out of town on Dec. 27, just four days shy of the 128th anniversary of the Great Northern Railway’s arrival in the community. But despite the finality of the […]
WASHINGTON — Short line and regional railroads received an early Christmas gift with the passage of a government spending bill last week that included a five-year extension of a popular tax credit. Last week, Congress passed a $1.4 trillion budget that included an extension of the Short Line Railroad 45G Tax Credit, first enacted in […]
Genesee & Wyoming’s more than 100 owned or leased short line railroads make it one of the largest players in North American railroading that is not a Class I railroad. It remains the largest short line holding company on the continent, if not the world. And this year it went private. Brookfield Asset Management […]
Two of Central Maine & Quebec’s repainted GP38-2s lead the local freight eastbound at Sherbrooke, Quebec, on Sept. 24, 2018. A Canadian Pacific filing with the Surface Transportation Board has outlined the railroad’s plan for the short line once its purchase of the CM&Q is approved. Scott A. Hartley BANGOR, Maine — The Canadian Pacific […]
WASHINGTON — A tax credit to help short line and regional railroads pay for maintenance and infrastructure improvements has been included in a $1.4 trillion spending bill bound for the White House this week. On Tuesday, the House passed a government spending bill that included an extension of the Short Line Railroad 45G Tax Credit […]
In August 2013, Strasburg 2-10-0 No. 90 switches freight at the NS interchange in Paradise, Pa., near the location of a new transload facility. Trains: Jim Wrinn STRASBURG, Pa. — The Strasburg Rail Road plans to expand its freight services with the addition of a new facility at the other end of its line in […]
HARRISBURG, Pa. — A dozen railroads are among the recipients of more than $40 million in Pennsylvania Department of Transportation funding for 26 rail infrastructure projects throughout the state. CSX Transportation is receiving the largest single state grant, $14.4 million for clearance projects to allow double-stack trains to reach the port of Philadelphia. Other grants […]
WASHINGTON — The U.S. Department of Transportation is expanding a loan program to benefit short line and regional railroads. On Dec. 12, U.S. Transportation Secretary Elaine L. Chao announced the Railroad Rehabilitation and Investment Financing Express program (RRIF Express) was accepting loan applications for projects that will specifically modernize the freight rail network in rural […]
Norfolk Southern 4271 leads the three other F-units at Knoxville, Tenn., in November 2011 as Southern Railway 2-8-0 stands by. Trains: Jim Wrinn ALTOONA, Pa. — The last two of Norfolk Southern’s four executive F-units now have a home. F9A No. 271 and F7B No. 276 have been purchased by North Carolina’s Aberdeen Carolina & […]
MISSOULA, Mont. — Montana Rail Link is giving a group of lucky students a ride aboard the “Christmas Express” this week. On Tuesday morning, the railroad will be giving a ride aboard its business train to more than 30 students from a school in Thompson Falls, Mont. The ride will feature music, entertainment and even […]
CHICAGO — The company overseeing the embattled Iowa Pacific railroads has requested that the Massachusetts Coastal Railroad be placed into receivership. The Massachusetts Coastal, also known as the Mass Coastal, operates freight and passenger service on Cape Cod and nearby portions of southeastern Massachusetts. It was the only Iowa Pacific railroad not to be placed […]
