short line operator

Regional Rail to acquire 2 Midwestern short lines

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Short-line operator Regional Rail, with support from its backer, infrastructure investment firm 3i,...

https://www.freightwaves.com/news/regional-rail-to-acquire-2-midwestern-short-lines

Rail Roundup: August Class I headcount, Patriot Rail and New York short line acquisitions

A man is next to railroad track at a rail yard.August Class I railroad headcount levels rise to their highest since December 2020

The number of workers employed by the U.S. operations of the Class I railroads is at its highest since December 2020, although totals are still below pre-pandemic levels, according to data from the Surface Transportation Board.

Headcount totaled 117,014 employees in August, a nearly 2.3% gain from August 2021 and a 0.5% increase from July 2022.

The train and engine category, which is more sensitive to changes in...

https://www.freightwaves.com/news/rail-roundup-august-class-i-headcount-patriot-rail-and-new-york-short-line-acquisitions

Rail Roundup: Promotions and appointments

A photograph of a Kansas City Southern train in a rail yard.Short line operator Pioneer Lines appoints leaders

Pioneer Lines, a short line operator based in Denver, has a new chief financial officer and chief commercial officer.

Thirty-year industry veteran Thomas “Tom” Hurlbut has become the new CFO for Pioneer. Hurlbut recently served at Norfolk Southern (NYSE: NSC), where he performed roles including vice president and controller and interim CFO. He also served as vice president of audit and compliance, where he oversaw the ethics compliance program,...

https://s29755.pcdn.co/news/rail-roundup-promotions-and-appointments

OmniTRAX names rail industry veteran CEO

A composite photo. On the left is an image of train winding through a mountain pass. On the right is the photo of a man.

Former CSX executive Dean Piacente will lead short line operator and logistics provider OmniTRAX as its next CEO. Piacente’s first day as OmniTRAX CEO will be Feb. 1. 

“Dean is one of the most respected business leaders in rail. His depth of Class I commercial experience, record of sustained results and demonstrated leadership make him the ideal person to lead OmniTRAX’s continued growth,” said OmniTRAX board member David Garin in a release.

Piacente served as a vice president for several...

https://www.freightwaves.com/news/omnitrax-names-rail-industry-veteran-ceo

Short line shorts: Jaguar grows network, OmniTRAX adds rail-ready sites

A photograph of a Cimarron Valley Railroad train crossing a bridge.Jaguar expands footprint

Joplin, Missouri-headquartered Jaguar Transport Holdings has acquired five short line railroads from Ogden, Utah-based The Western Group, a rail transportation services company. 

The Thursday announcement comes days after Jaguar said it had acquired an industrial park in Central Ohio.

Jaguar assumed operations of the following five railroads on Sunday: Cimarron Valley Railroad, which serves southwest Kansas, northern Oklahoma and eastern Colorado; Washington Eastern...

https://www.freightwaves.com/news/short-line-shorts-jaguar-grows-network-omnitrax-adds-rail-ready-sites

Patriot Rail acquires Salt Lake City short line operator

A photograph of Patriot Rail train at a rail yard.

Jacksonville, Florida-headquartered Patriot Rail plans to acquire fellow short line operator Salt Lake Garfield & Western Railway (SLGW).

The transaction, which is subject to customary closing conditions and regulatory approvals, will also include SLGW’s entities Caballero and Caballero 2, which are storage and transload service providers. SLGW is based in Salt Lake City.

“The agreement aligns with Patriot’s vision of future growth as a premier service provider in the U.S. short line railway...

https://s29755.pcdn.co/news/patriot-rail-acquires-salt-lake-city-short-line-operator

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