Veteran Financial Times Columnist John Dizard Cocks a Prominent Eye at Brookfield's Conflicting Claims Before the STB and Investors.
30 August – From Dizard’s 30 August FT column: ” Brookfield Infrastructure Partners, like other components of the Brookfield Asset Management group … seem to assume that various sets of regulators, customers and outside investors will never find out what the others have been promised. ” Dizard cites the blatant contradiction between BIP’s self-characterizations before the Board and […]
CN Agrees To Purchase Syracuse NY - Valleyfield Qc Line Serving South Bank Of St. Lawrence River Up To Beauharnois Intermodal Terminal.
29 August, Montreal QC – When CSX announced its plan to dispose of six properties in June 2018, the Massena Line “package” included the 158.8-mile St. Lawrence Subdivision ( Syracuse-Massena ), the ~65-mile Montreal Subdivision (in service Massena-Beauharnois) 1 . The described package also included several spurs and the ~30-mile Fulton subdivision serving the Port of Oswego on Lake Ontario. […]
STB Lifts Abeyance Delay On NYS Dept. Of Environmental Conservation Adverse Abandonment Application. Protest, Comment, Request Filings Due 30 September.
28 August, Washington DC – SURFACE TRANSPORTATION BOARD DECISION Docket No. AB 1261 “… On August 19, 2019, the Adirondack Council filed a letter supporting the Department’s position opposing United Rail’s request and asks the Board to allow the adverse abandonment application to move forward. Because the negotiations involving OmniTRAX have terminated and the Department, […]
American Recycling Withdrew its Application to Operate a C&D Transfer Station Along the CCRR. Vocal Opponents Were Part of the Reason, but Reversal of Lebanon Landfill's C&D Moratorium the Major Factor.
28 August, Claremont NH – City planning board proceedings related to the project have been underway since April, as traditional C&D landfill disposal options were working to block C&D from their facilities. After two meetings and a site visit, the City declined to give its “conditional approval” to the project at least until American Recycling presented […]
PSA Buys Halterm South Cove Terminal Ahead of Comprehensive Expansion for Ultramax Capacity. Port Rail Service to Become Traffic Lifeline to Integrate Container Growth.
21 August, Halifax NS –The Halterm South Cove Container Terminal has been acquired by Singapore-based PSA International, from Macquarie Infrastructure Partners. Halterm is PSA’s first North American coastal facility. PSA also owns Ashcroft Terminal, British Columbia’s largest inland port facility, and is in discussions to acquire Philadelphia’s Penn Terminals. Halterm is the lone container terminal North […]
Federal Railroad Administration Awards 10 Transit State Of Good Repair (SOGR) Grants Totaling More Than $272 Million. MASSDOT, RIDOT, NJTRANSIT, PADOT Take an Aggregated $87.1 Million.
21 August, Washington DC – SOGR awards aid in the repair and rehabilitation of publicly- or Amtrak-owned or controlled railroad equipment, infrastructure and facilities with the aim of improving intercity passenger rail performance. The four Northeast region DOTs are getting an aggregated $87.1M in awards. The largest single award of $76.8M was granted to NCDOT for […]
STB-Ordered Comment Period Closes. Nearly All Filings Relate to Continuation of P&W Trail Project and Excursions. Finance Expert Warns Brookfield Misrepresents its Status, Intentions, and History.
21 August – Following the STB’s 22 July decision to delay granting a control exemption1 to Brookfield Asset Partners/DJP XX ( the latter is the company set up by Brookfield to acquire the GWI acquisition – Ed.), multiple comments have been filed by groups and individuals. Of the 106 railroads that G&W operates in the United States, […]
Southern New England Railroad Enters the World with a Great-Looking ALCO, a Clever Niche, an Eager Attitude, and an Ominous Historical Allusion.
07 August, Plainfield CT – The newly-minted Southern New England Railroad borrows liberally from the ill-starred, pre-World War I Southern New England Railway , a Grand Trunk project to compete with the New Haven Railroad between Palmer MA and Providence. Everybody seemed to think it was a good idea, except J. Pierpont Morgan, the New Haven’s benefactor, and one […]
With the Brookfield Asset Partners $8.4 Billion Takeover Imminent, GWI Issues 10-Q for 2019 Second Quarter; Possibly the Last Public Disclosure of Financial and Operational Information for its Many Short Lines.
Editor’s Note: All comparisons herein reflect results of the three months ended June 30, 2019 (2Q19) against the three months ended June 30, 2018 (2Q18): 07 August, Darien CT – G&W reported a global 8.7% operating income decline $8.9M/8.6% to $94.2 million in 2Q19, thanks to declines in its Australian and European operations. Net income rose […]