trains

Report: Amtrak fails to spot drug and alcohol use among employees

An Amtrak train conductor.
Photo: Spencer Platt/Getty Images

Amtrak has failed to stop and spot hundreds of its employees, including the most "safety-sensitive" workers, for drug and alcohol use as required by federal regulations, according to a new report released Thursday by the passenger train system’s inspector general, per the WSJ.

Details: The company vowed to tighten its screening processes following a deadly crash in 2016. But the inspector general’s report stated: "Maintaining an effective drug and alcohol program has been a longstanding challenge for the company." Records and anonymous medical claims data was evaluated for nearly 6,200 safety-sensitive workers from 2014–2016.

Freight railroad owner with $5 billion market cap considers sale

An illustration of A freight train with money coming out of the smoke stack
Illustration: Aïda Amer/Axios

Genesee & Wyoming (NYSE: GWR), a Darien, Conn.-based freight railroad owner and leasor with a market cap of nearly $5 billion, is considering a sale of all or part of itself, per Bloomberg. Potential suitors include Brookfield Asset Management.

Why it matters: This reflects how railroads have been winning back market share from trucking companies, which have been stymied by driver shortages and new driver regulations, plus the glut of capital raised for infrastructure funds (i.e., prospective buyers).