Read the Trustee’s Announcement of Saratoga & North Creek Railway’s Auction Sale out of bankruptcy, plus map: SNC: Auction Announced for 03.March.2022 {ANRP 26.Jan.22}. Track details of the SNC (Click on image for enlarged view): Liquidation valuation:
New England is appropriately deemed “energy hungry,” but we have a lot to choose from on the menu.
Strong resistance to new pipeline construction in New England and downstate New York has been touted as an opportunity to develop a robust LNG-by-rail “virtual pipeline” to bring Marcellus natural gas to “energy starved New England. Despite a 2020 Presidential directive and subsequent USDOT rulemaking to encourage LNG-by-rail to New England, the mode needle has […]
A THOROUGH ANALYSIS OF HOW BERKSHIRE & EASTERN (GW) WILL SUPPLANT -- BUT NOT REPLACE -- PAN AM SOUTHERN
26.February, Washington DC – Many were surprised at the naming of Genesee & Wyoming’s Pittsburg & Shawmut Railroad, LLC, (a Class III carrier doing business as Berkshire & Eastern Railroad) as the Pan Am Southern operator in the event of CSX’s acquisition of Pan Am Rail Systems. As described in CSX’s APPLICATION to the Board, […]
NEED-TO-KNOW INFO ABOUT THE CSX FILING TO ACQUIRE PAR: BASIC STRATEGY, HOW IT'S GONNA WORK, STB FILINGS
26.February, Washington DC – CSX filed with the Surface Transportation Board an APPLICATION to acquire Pan Am. Docketed as No. FD 36472, five other documents under that docket, plus one other related filing (Docket# AB 1312) were posted to the STB website at the same time as the APPLICATION. Many additional filings are expected. Editor’s […]
17.February, Montreal QC – CN President and CEO, JJ Ruest, and the company’s EVP and CFO, Ghislain Houle addressed the Citi 2021 Global Industrials Virtual Conference, announcing that multiple initiatives they are employing will see DSR as the next step in safety and cost savings. Houle said, “Technology will fundamentally change the way we operate […]
01.February, Nicholasville KY — R.J. Corman Railroad Group announced today that the company has appointed former U.S. Department of Transportation FRA Administrator Ronald L. (Ron) Batory to its Board of Directors. Prior to his FRA service, Batory retired from Conrail after more than 12 years as its President & Chief Operating Officer and has spent 46 […]
Planning Board Approval for $30million Maine International Cold Storage Facility for Emskip
The Portland Planning Board on Tuesday approved the 120,000-square-foot Maine International Cold Storage warehouse proposed at the port. The Maine Port Authority and Emskip (which has weekly container ships to Portland from Europe) have pushed the plan for a number of years, lining up developer Treadwell Franklin Infrastructure of Yarmouth and investment firm, Amber Infrastructure. […]