Category: Company News

American Short Line and Regional Railroad Association 2015 Jake Awards

April 14, 2016

Congratulations… Idaho Northern & Pacific Railroad – Jake Award with Distinction Nebraska Central Railroad – Jake Award New Orleans & Gulf Coast Railway – Jake Award with Distinction Wichita, Tillman & Jackson Railway – Jake Award with Distinction

AAR REPORTS WEEKLY RAIL TRAFFIC FOR MARCH AND WEEK ENDING APRIL 2, 2016

April 11, 2016

WASHINGTON, D.C. – April 6, 2016 – The Association of American Railroads (AAR) today reported weekly U.S. rail traffic, as well as volumes for March 2016. Carload traffic in March totaled 1,196,167 carloads, down 14.2 percent or 198,737 from March 2015. U.S. railroads also originated 1,250,925 containers and trailers in March 2016, down 7.7 percent… Read more

Short Line of the Year: New Orleans & Gulf Coast Railway

March 10, 2016

How does a railroad realize a 50% improvement in train velocity while adding new customers and expanding facilities, and do all of that with no FRA-reportable injuries? The key is teamwork, one of the many reasons why the New Orleans & Gulf Coast Railway is our 2016 Short Line of the Year. Here’s the NO&GC… Read more

Rio Grande Pacific CIO Jason Brown featured in BizTech Magazine

November 14, 2015

RGPC’s CIO talks technology behind the remote worker revolution with BizTech’s Wylie Wong Rio Grande Pacific Corp. (RGPC), in Fort Worth, Texas, has expanded over the years. Today, CIO Jason Brown supports 26 offices and 350 employees across six states. The holding company, which owns four railroads and a railroad signal engineering and design business, launched… Read more

AAR: U.S. rail traffic down a bit in Week No. 38

October 01, 2015

U.S. rail traffic numbers continued to tell a familiar story in Week No. 38: Carloads were down, while intermodal volumes were up, according to the Association of American Railroads (AAR).

Bill introduced to extend PTC deadline

October 01, 2015

The House Transportation and Infrastructure Committee’s leadership yesterday introduced a bipartisan bill that would extend the deadline for railroads to implement positive train control (PTC) technology through the end of 2018. The bill would extend the deadline for three years, but also allow an additional two years at the discretion of the U.S. Department of… Read more

Federal Grant Provides Railroad Incident Training

September 29, 2015

OMAHA, Neb. (AP) — Three groups will receive $5.9 million in federal grants to train first responders to handle railroad incidents involving crude oil, ethanol and other flammable liquids. The U.S. Transportation Department announced the grants Monday.

Progress Rail to acquire Rail Product Solutions from Amsted

September 29, 2015

Progress Rail Services Corp. has entered into an agreement to purchase Rail Product Solutions Inc. (RPS) from Amsted Rail Company Inc.

Will Railroads Continue to Suffer on Coal Issues?

September 28, 2015

Coal is a key revenue-generating commodity for railroad operators. Naturally, the decline in domestic coal shipments have contributed big time to the dismal performance by U.S.-based railroad stocks so far this year. The struggles of the railroad operators have been exemplified by the 27.9% year-to-date decline in the Dow Jones U.S. Railroads Index.

Five Railroad Stocks On Track For Turnarounds

September 20, 2015

The upheaval in the natural resources sector has had a significant negative effect on the railroad stocks because rail is the principal mode of transport for coal, iron ore and other minerals. As a result, the Dow Jones Railroad index is down about 26% so far in 2015, on its way to what is likely… Read more