Latest Rail Industry News
GATX Corporation has entered into an agreement to acquire a fleet of up to 3,100 railcars from ECN Capital Corporation for $229 million.
Transdev has started operations of the new 2.5 miles Milwaukee streetcar line, following the official grand opening ceremony, where Milwaukee Mayor Tom Barrett, other city leaders and dignitaries, and city residents took an inaugural ride.
Tealinc has named Dan Madden manager value creation – operations, effective November 12, 2018. Madden succeeds Steve Christian who will retire on November 9, after more than 8 years with the company.
Metrolink Chief Executive Officer Art Leahy has announced his retirement, effective January 4, 2019. Effectively immediately, Metrolink General Counsel Don Del Rio and Chief Financial Officer Ronnie Campbell have been appointed interim co-CEOs by the Board of Directors.
Iowa Interstate Railroad, Ltd. has promoted Joe Parsons from general manager to president and chief executive officer, responsible for day-to-day operations of the Iowa Interstate Railroad (IAIS). Parsond will oversee the transportation, engineering, mechanical and administration departments.