Rail World
| Company type | Private |
|---|---|
| Industry | Rail transport |
| Founded | Rosemont, Illinois |
| Founder | Ed Burkhardt |
| Headquarters | , United States |
Area served | Canada, United States, Estonia, Poland, Ukraine |
Key people | Edward Burkhardt (President & CEO) |
| Subsidiaries | Montreal, Maine and Atlantic Railway, San Luis Central Railroad, Rail Polska, Baltic Rail AS, Eesti Raudtee, Cargo Central Europe, Rail World Locomotive Leasing, Rail World Ukraine |
Rail World, Inc. is a rail transport holding company. Its specialties include railway management, consulting, investment, privatizations, and restructurings. Its purpose is to promote rail industry privatization by bringing together government bodies wishing to sell their stakes with investment capital and management skills.
Rail World was incorporated in July 1999 by Edward Burkhardt, who is the President and Chief Executive Officer.[1]
Response to Lac-Mégantic derailment
After the derailment at Lac-Mégantic, Quebec, Canada of a Montreal, Maine and Atlantic Railway freight train on 6 July 2013 which left 50 people dead or missing, president Edward Burkhardt visited Lac-Mégantic on 10 July 2013, and was heckled by residents who were critical of his company's response to the incident. After the accident the railway's safety record was called into question. Over the previous decade the firm recorded a higher accident rate than the rest of the US rail fleet, according to data from the Federal Railroad Administration. In the previous year the railroad had 36.1 accidents per million miles traveled, in comparison to a national average of 14.6 accidents per million miles traveled.[2]
Subsidiaries
- Montreal, Maine and Atlantic Railway
- Rail Polska
- Rail World Locomotive Leasing
- Rail World Ukraine
- San Luis Central Railroad
References
- ^ Alistair MacDonald, Tom Fowler and Jesse Newman (July 9, 2013). "Runaway Quebec Train's Owner Battled Safety Issues". Wall Street Journal. Retrieved July 14, 2013.
- ^ BBC News: Lac-Megantic disaster: Engineer blamed for Canada blast, 10 July 2013
- P.J. Huffstutter and Scott Haggett (July 7, 2013). "Train company in Quebec derailment headed by Chicago rail veteran". The Globe and Mail. Retrieved July 14, 2013.
External links
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