short line railroad

Dragon Cement deal fires Maine rail line revival

Cumberland & Knox Railroad parent Maine Switching Services has signed a lease agreement with the Maine Department of Transportation to restart operations on the Rockland Branch on the southern Maine coast.

Headquartered in Unity, Maine, the company, a unit of Belfast & Moosehead Lake Railroad of Maine, in a release said that operations on the 56-mile branch between Portland and Thomaston will commence immediately utilizing MSS power, as the CKRR works to activate signals for freight service. It...

https://www.freightwaves.com/news/dragon-cement-deal-fires-maine-rail-line-revival

Línea corta Eyes Cali Market, compra un constructor de locomotoras de hidrógeno

Mientras los ferrocarriles esperan orientación sobre la potencia de combustible alternativa, una línea corta de California va directamente a la fuente. Sierra Northern Railway ha adquirido los activos de Locomotive Builder Railpower LLC como parte de sus esfuerzos para desarrollar hidrógeno y otra potencia motriz de baja o cero emisiones. RailPower ha producido aproximadamente 190 […]

Esta entrada Línea corta Eyes Cali Market, compra un constructor de locomotoras de hidrógeno Aparece primero en F...

https://fullavantenews.com/linea-corta-eyes-cali-market-compra-un-constructor-de-locomotoras-de-hidrogeno/?lang=es

Short line eyes Cali market, buys hydrogen locomotive builder

While railroads wait for guidance on alternative fuel power, a California short line is going straight to the source.

Sierra Northern Railway has acquired the assets of locomotive builder RailPower LLC as part of its efforts to develop hydrogen and other low- or zero-emission motive power.

RailPower has produced approximately 190 locomotives, including 55 hybrid switchers and 116 generator set locomotives which use several smaller diesel engines instead of a single prime mover, while Sierra...

https://www.freightwaves.com/news/short-line-eyes-cali-market-buys-hydrogen-locomotive-builder

Gulf & Atlantic Railways reopens Mississippi-to-Tennessee short line

Short-line operator Gulf & Atlantic Railways (GAR) this week announced the reopening of the Grenada Railroad between Mississippi and Tennessee and the acquisition of the 18-mile Pioneer Valley Railroad in Massachusetts.

Grenada Railroad running again after being near abandonment

The Grenada Railroad in Mississippi is up and running again, after the rail line was nearly abandoned because of poor track conditions.

GAR owns the 235-mile Grenada Railroad, which runs along the Interstate 55 corridor...

https://www.freightwaves.com/news/gulf-atlantic-railways-reopens-mississippi-to-tennessee-short-line

Rail Roundup: CenterPoint, G&W provide development updates

A photograph of a Genesee & Wyoming train.CenterPoint acquires Houston-area distribution facility

Industrial real estate developer CenterPoint Properties has acquired a rail-served distribution facility that has access to three railroads via the Port Terminal Railroad Association: Union Pacific (NYSE: UNP), BNSF (NYSE: BRK) and Kansas City Southern (NYSE: KSU). 

The facility sits on 31 acres in Pasadena, Texas. It is a Class A, 601,261-square-foot building. The property has six rail spurs that can serve railcar storage capacity, and it...

https://www.freightwaves.com/news/rail-roundup:-centerpoint-g;w-provide-development-updates

Short line tax credit could become permanent

A photograph of a railroad track in a field.

The U.S. freight rail industry is hopeful that a temporary federal incentive that encourages short line railroads to make capital investments will become permanent.

Within the $1.4 trillion fiscal year 2021 appropriations bill that Congress passed, there is a provision that would make permanent the short line tax credit. The credit, also known as the 45G tax credit in reference to the U.S. tax code, provides short lines with up to $3,500 per short line railroad mile to invest in infrastructure...

https://www.freightwaves.com/news/short-line-tax-credit-could-become-permanent

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

US DOT revamps loan program for short line railroads

A photograph of a train traveling next to a highway.

The U.S. Department of Transportation (DOT) is expanding a loan program aimed at providing long-term, low-cost loans to short line and regional railroads.

The changes will expand the eligibility requirements for the Railroad Rehabilitation and Improvement Financing Express program, or RRIF Express. The pilot loan program seeks to reduce the time and costs associated with securing loans for projects that aim to modernize aging freight and commuter rail infrastructure. 

“Expanding this financing...

https://s29755.pcdn.co/news/us-dot-revamps-loan-program-for-short-line-railroads

OmniTRAX establishes audit committee to guide company’s growth plans

A photograph of a train carrying intermodal containers across a field. The sun is bright in the sky above the train.

Short line operator OmniTRAX is creating an audit committee to help steer its strategic growth plan, the company announced Tuesday.

The committee will consist of OmniTRAX board members, managers and members of the Broe family. OmniTRAX is an affiliate of the Broe Group, a Denver-based private equity firm.

The committee will provide financial reporting and analysis to help inform OmniTRAX’s growth strategy, the company said. 

Chairing the committee will be Mike Brothers, a founding OmniTRAX board...

https://www.freightwaves.com/news/omnitrax-establishes-audit-committee-to-guide-companys-growth-plans

OmniTRAX appoints former Union Pacific exec as chairman of its board

Two photographs next to each other. On the left is a portrait of a man in a suit. On the right is photograph of a freight train locomotive.

U.S. short line operator OmniTRAX has elected Cameron Scott, a former Union Pacific (NYSE: UNP) chief operating officer, as the chair of its board of directors.

The Denver-headquartered company says the appointment will help the company as it seeks to attract more customers to rail-based supply chains. 

“As our customers ramp up for increased demand consumption and new supply chain models, our focus is on growing carload volume to support those expanded needs, as well as investing in our assets...

https://www.freightwaves.com/news/omnitrax-appoints-former-union-pacific-exec-as-chairman-of-its-board

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