SAINT-OUEN, France — Rail equipment manufacturer Alstom will acquire Montreal-based Bombardier Transportation in a deal worth 5.8 to 6.2 billion Euros ($6.28-$6.71 billion), Alstom has announced. It is Alstom’s second attempt to grow in an effort to compete with China’s CRRC, the world’s largest manufacturer of rail equipment. A previous attempt to merge with Germany’s […]
KENNETT SQUARE, Pa. — Shortline holding company Regional Rail will expand its operations through acquisition of three Florida short lines currently owned by Pinsly Railroad Co. Regional Rail announced this morning (Oct. 29, 2019) that it had reached agreement to acquire the Florida Central, Florida Midland, and Florida Northern railroads, which operate a combined 208 […]
WASHINGTON — The Federal Railroad Administration will not implement a rule requiring a certain number of people in the cab of freight trains, the agency announced this week. On Thursday, the FRA withdrew a notice of proposed rulemaking that dated back to 2016, when the federal agency was considering requiring at least two people aboard […]
