SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.
February 12, 2019Business
R.J. Corman Railroad Acquires Six Rail Companies
R.J. Corman Railroad Co. has acquired six rail companies, according to a Nov. 5 press release.
November 20, 2018BusinessTechnologyLogistics
TorQuest Partners Invests in Cando Rail
TorQuest Partners, a Toronto-based midmarket private equity firm, has invested in Cando Rail Services Ltd. of Brandon, Manitoba.
November 13, 2018Business
TP&L Starts $4.1 Million Rail Project
Transportation Partners and Logistics has begun a $4.1 million rail construction project in Pensacola, Fla., according to an October press release.
November 5, 2018BusinessTechnologyTop 50
Rail Profits Rise, But Intermodal Growth Not Certain
As motor carriers enjoy the fruits of the tight freight environment, railroads are continuing their push to boost earnings while they adjust to a market that increasingly is shifting toward intermodal.
September 17, 2018Business
United Rail Purchases U S Rail Holdings for $4.5 Million
Short-line freight railroad U S Rail Holdings is being acquired by United Rail Inc. for $4.5 million. U S Rail Holdings, based in Toledo, Ohio, leases and operates about 72 miles of rail lines in the Kokomo, Ind., area providing transloading, private industrial railcar switching, track maintenance services, railcar repair and railcar storage.
August 27, 2018GovernmentBusinessEquipment
Railroads Would Save $17 Million With Construction Equipment Exemption
Several types of railroad construction and maintenance equipment would be exempted from OSHA’s construction crane rule if details of a proposal released July 18 take effect.
July 18, 2018GovernmentBusinessLogisticsTCA
Minnesota Freight Railroad Files Lawsuit Over Light-Rail Project
Planners of the Southwest light-rail project in Minnesota are facing another legal challenge, this time from a freight rail company that is slated to share a portion of the nearly 15-mile route between Minneapolis and Eden Prairie.
April 26, 2018BusinessLogistics
Canada Oil Recovery Faces Threat From Potential Rail Strike
A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta’s beaten-down heavy oil prices.
April 18, 2018GovernmentBusinessLogistics
Senate Considers Presidential Nominees for Surface Transportation Board
The Senate Committee on Commerce, Science and Transportation is one step closer to doubling the number of members who sit on the Surface Transportation Board. The committee convened a hearing April 11 to consider Patrick Fuchs and Michelle Schultz to serve as members of the board.
April 11, 2018