Denver-based OmniTRAX said this week that it has entered into a contract to purchase the assets of the San Luis & Rio Grande Railroad (SLRG) out of bankruptcy. Terms of the deal, which is expected to close later this year, were not disclosed. SLRG has …
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DENVER – OmniTRAX announced in June that it will manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, TX. OmniTRAX will also develop a large-scale industrial park on land owned by the Brownsville Navigation District (BND) of Cameron County, …
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Watco Companies debuted today WAMX No. 3834, a GP38-3 that’s painted in Pittsburg State University’s colors to recognize the university during its homecoming week. The locomotive rolled into Pittsburg, KS this morning and was parked near downtown for a short ceremony before university and …
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From staff reports Watco Companies, LLC is bucking the recent trend by railroads to honor their predecessor roads by painting locomotives in heritage schemes. In the last few years, Class Is Union Pacific and Norfolk Southern have painted locomotives to recognize roads that they absorbed. …
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From news releases Genesee & Wyoming Inc. announced earlier this month that it has completed the acquisition of RailAmerica, Inc. and entered into a new five-year Senior Secured Credit Facility comprised of a $1.875 billion term loan and $425 million revolving credit facility. Among railroads …
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From News Releases Two of the rail industry’s larger regional and short line railroads are getting new owners. RailAmerica announced in July that it had entered an agreement to sell to Genesee & Wyoming, and Patriot Rail Corp. was acquired in June by a San Francisco-based …
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