Despite legal trouble, Iowa Pacific railroads continue to operate NEWSWIRE

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CHICAGO — While attorneys are sorting through its legal and financial troubles in U.S. District Court, operations at Iowa Pacific Holding’s three railroads are continuing as normal. Earlier this fall, nearly two dozen entities associated with Iowa Pacific Holdings were placed into receivership [See: “Additional Iowa Pacific railroads placed into receivership,” Trains News Wire, Oct. […]

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Short line executive Steve Gedney passes away NEWSWIRE

LANCASTER, S.C. — Long-time railroad executive Steve Gedney died Friday, the American Short Line & Regional Railroad Association said in a statement. Gedney began his transportation career with the Virginia Department of Transportation. While working with VDOT he was involved in long-range transportation planning, transportation systems management and the coordination of air, highway, port and […]

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Iowa Interstate bolsters locomotive fleet NEWSWIRE

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ES44AC No. 510 leads train SIPE east at Bureau, Ill., in February 2014. The railroad’s three new locomotives will have the same appearance. Jeremy J. Schrader FORT WORTH, Texas – The first of three new Iowa Interstate Wabtec Corp. ES44AC (T4C) locomotives was spotted outside of Wabtec’s Ft. Worth plant recently. No. 517 was released […]

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CP to acquire Central Maine & Quebec (updated) NEWSWIRE

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Central Maine & Quebec’s Job 1 rolls west at Magog, Quebec, with AC44CWs, Nos. 1002 and 1006, and GP38-3 No. 3812 in June 2018. Frank Jolin MONTREAL – Canadian Pacific is acquiring the Central Maine & Quebec Railway for $130 million. The acquisition of the 481-mile short line connecting Quebec with northern New England — […]

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Montana Rail Link president resigns NEWSWIRE

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Montana Rail Link president Stacy Posey has stepped down after just 11 months as head of the regional railroad. Justin Franz MISSOULA, Mont. — Montana Rail Link President Stacy Posey has resigned after less than 11 months on the job. On Wednesday, MRL announced Posey was leaving for “personal reasons” and had been replaced by […]

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