U S Railroad News 2010-10-16 14:56:00

GATX buys stake in railcar investorBusinessWeekGATX will manage the railcar investments for the venture, Adler Funding LLC. Financial institutions are the other investors in Adler, according to GATX. …

Grant to allow rail line reopeningThe Register-GuardBy Mark Baker Thanks to a $13.5 million federal grant from the US Department of Transportation, the newly renamed Coos Bay Rail Link from Coquille to Eugene …

County closer to purchasing Union Pacific rail line, agrees to deal…Santa Cruz SentinelThe biggest hang-up in agreeing to the 10-year deal was whether other railroad companies could run tourist trains on the line and under what conditions. …

$10M tracks grant OK’dDanville News… rail lines in north-central Pennsylvania to meet the demands created by increased traffic associated with Marcellus Shale natural gas development. Rep. …

Weekly Intermodal Traffic ImprovesTransport Topics OnlineAAR will end its weekly practice of comparing intermodal and rail volumes to the same week in 2008, the group said. It will only compare figures to the …

Short-haul rail line planned for Tulare CountyVisalia Times-DeltaTCAG has been working to save the short-haul line since San Joaquin Valley Railroad first filed to abandon the segment between Strathmore and Jovista in …

GE Develops Fuel-Saving Cruise Control Software for Freight TrainsEarth & IndustryThat means demand for faster, more fuel-efficient trains will continue to push the research and development of better locomotives, more direct routes, …

Groundbreaking planned for Norfolk Southern rail facilityWaynesboro Record HeraldBy Anonymous Norfolk Southern will hold a ground-breaking ceremony at 2 pm Tuesday, Oct. 19, for its intermodal facility at 845 Milnor Road in Antrim …

City mulls options for cabooseDenton Record ChronicleA few years after the caboose was built, the Texas and Pacific merged with the Missouri Pacific Railroad, whose logo is on the rail car. …

MMA Railroad Awarded 10.5 Million Dollar Federal GrantWABILast winter, that railroad announced it wanted to abandon more than 200 miles of track in northern Maine after piling up 13 million dollars in losses. …