rail yards

Universal Logistics acquires rail terminal operator for $194M

Universal Logistics announced it has acquired rail terminal operator Parsec for $193.6 million. The deal is expected to be immediately accretive to Universal’s earnings.

Cincinnati-based Parsec provides terminal management services at 20 rail yards across North America. The company specializes in container lift services for Class I, regional and short-line railroads. It also offers drayage, container and chassis stacking, equipment maintenance, and equipment sales and leasing.

Parsec has 2,100...

https://www.freightwaves.com/news/universal-logistics-acquires-rail-terminal-operator-for-194m

Port of Los Angeles completes Pier 400 rail expansion project

This story originally appeared on Trains.com.

LOS ANGELES — The Port of Los Angeles has announced completion of the Pier 400 rail expansion, a $73 million program to expand the on-dock yard at the container terminal operated by APM Terminals.

The project added five new storage tracks totaling 31,000 linear feet, new crossovers and turnouts, a concrete rail bridge with lighting, an asphalt access roadway, and modifications to the compressed air system. It also involved relocation of part of the...

https://www.freightwaves.com/news/port-of-los-angeles-completes-pier-400-rail-expansion-project

Railroad inspector charged with falsifying hazardous materials reports

A former Federal Railroad Administration (FRA) inspector in Texas has been charged with lying on official documents related to the transportation of hazardous materials.

Tremelle Sykes, 54, was indicted on eight counts of false statements, according to a Friday announcement from Prerak Shah, the acting U.S. attorney for the Northern District of Texas.

Sykes was indicted Tuesday and made an initial appearance before U.S. Magistrate Judge David Horan on Friday.

Sykes was employed by the FRA as a...

https://s29755.pcdn.co/news/railroad-inspector-charged-with-falsifying-hazardous-materials-reports