Copper Rod Plant to Close, Taking 117 Manufacturing Jobs and ~2000 Carloads Out of the Connecticut Economy.
18 June, Norwich CT – Norwich, CT-based Freeport-McMoRan Copper Products, commonly also referred to by its former ownership, Phelps Dodge, will close its Wawecus Street plant. According to the required notice filed with the CT Department of Labor. The reason for the plant’s closing is a “dramatic downturn in business and economic uncertainty brought on by the […]
New Cars will Meet Expanding Demand with Improved Experience, Strategic Concept, State Funds. Siemens Favored for Supply.
12 June, Hartford CT – Interview with CDOT’s Richard Jankovich, Assistant Rail Administrator, by R&P Associate Editor Christopher Parker Stamford CT R&P: How Is The Hartford Line doing? RJ: Ridership on the Hartford line (separate from the Vermonter) went from 465,000 for 2018 to 730,000 in 2019 – an incredible increase. We’re very proud of it. […]
Expansive Safety-Kleen Site Upgrade to Install Rail as Primary Mode for Shipping Out Waste Oil for Refining.
22 October, New Haven CT – Safety-Kleen (a subsidiary of Clean Harbors, Inc) will completely rebuild and expand its current New Haven waste oil collection and transfer site to handle much higher volumes. The facility currently depends on trucks and barges to ship 3.3 million gallons of used motor oil annually to the company’s re-refineries. The […]
Brookfield/GWI Exemption Still Uncertain as BIP’s Belated “CFIUS Update” Filings Reveal that Foreign Investment Review has Only Just Begun. STB Keeps the Reins as 09/15 “Deadline” Passes Without a Decision.
27 September, Darien CT – The Brookfield Infrastructure Partners (BIP) acquisition of Genesee & Wyoming, Inc. continues to hang on STB approval of the exemption claimed in BIP’s 09.July Verified Notice of Exemption (“VNE”), and which the Board delayed in a 22.July Decision to allow for public comment. The submission deadline for comments and replies officially […]
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 […]
An Agreement for G&W to be Taken Private by Brookfield Infrastructure Partners and Singapore Sovereign Wealth Fund GIC Ends Global Heavyweight "Auction" Playing Since March.
01 July, Darien CT – G&W owns or leases 120 freight railroads organized in eight operating regions. The company’s six North American regions include 114 regionals and short lines operating in 41 states and four Canadian provinces. The Australia Region includes the 1,400-mile Tarcoola – Darwin rail line, and the UK/Europe Region includes the United Kingdom’s […]
By 26 Votes, House Amends H.R. 3055 Omnibus Appropriations Bill to Thwart DOT Action on Railing LNG. New England Delegation Almost Uniform in Rejecting Presidential Initiative to Reduce Region's Highest-in-Nation Electricity Costs.
(The political branding fad may have jumped the shark in the debate over transporting liquified natural gas (LNG) by rail. “Bomb Train” was coined by some witty fellow in the wake of the 2013 Lac Megantic CBR disaster; “Freedom Gas” has entered the language only in the last month by a poetic U.S. Dept. of […]