In a recent case of railcars being leased by Georgia Power Company, an electric utility and subsidiary of Southern Company, the lessor, GATX, was not pleased with the condition of the cars when they were returned by Georgia Power, which used the railcars to ship limestone and gypsum to three power plants. And, GATX is now taking Georgia Power to court over the issue.
Regional Rail LLC, a short-line owner and operator, announced today it has agreed to acquire Pinsly Railroad Co.'s Florida operations with 208 miles of track.
U.S. energy companies reduced the number of oil rigs operating this week, leading to a record 11-month decline as producers follow through on plans to cut spending on new drilling.
Transnet has officially launched a 375-wagon manganese train, with a total length of 4 km, breaking the world record. The train will run on an 861-km distance from Sishen iron mine, located in Kathu (central South Africa) to Saldanha harbor, on the south-western coast of South Africa.
Saudi Aramco on Tuesday announced its intention to establish the Jazan Power Joint Venture. The JV will be 46% owned by Air Products, 25% by ACWA Power, 20% by Saudi Aramco and 9% by Air Products Qudra. In addition, the Company signed seven MoUs at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia.
