Auxo Investment Partners acquires Genesis Rail ServicesPrivate investment firm Auxo Investment Partners has acquired Genesis Rail Services, a full-service railroad maintenance company based in Bluefield, West Virginia, and Roanoke, Virginia.
Genesis Rail Services, which was founded in 2009, provides outsourced maintenance of way, mechanical and construction services to Class I, Class II and industrial railroads across the U.S. The company recently patented its flagship service: a tie plate...
Contract change allows TTCI to expand work to multiple sitesThe management of the Transportation Technology Center Inc. (TTCI), a subsidiary of the Association of American Railroads (AAR) that develops and researches safety technology for the rail industry, is undergoing a change in September that will expand TTCI’s work to multiple sites.
TTCI’s management will transition from a single-source “care, custody and control contract” to a contract affiliated with the U.S. Department of...
https://www.freightwaves.com/news/rail-roundup-ttci-scope-and-rail-shipper-council-membership-expand