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Railroad Development Corp

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BUSINESS
July 10, 2007 | Marla Dickerson, Times Staff Writer
It's the end of the line for Henry Posner III. The Pittsburgh millionaire who spent $15 million to revive Guatemala's once-defunct railroad said Monday that the freight trains would stop rolling Oct. 1. His company, Railroad Development Corp., is locked in a legal battle with the Central American nation's government, which Posner said has made it impossible to keep operating the money-losing service. "Enough is enough," Posner said.
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BUSINESS
June 14, 2007 | Marla Dickerson, Times Staff Writer
FOR the freight trains rolling through this Central American nation, every journey is a one-way trip to trouble. Scrap-metal pirates plunder the tracks. Purloined spikes cause derailments. Seasonal rains bring washouts. Squatters build homes in the right of way. The track supervisor packs a 9--millimeter pistol. Just in case. Engineers carry shovels to scoop garbage off the line in Sanarate, whose residents use it as a municipal dump.
BUSINESS
January 3, 2010 | By Alana Semuels
More than 4,000 miles of train tracks stretch through California, winding up the blustery Cajon Pass and snaking through the desert surrounding Barstow. Those tracks could be seeing a lot more traffic in the next few years as trains loaded with Chinese-made toys, electronics and clothing roll eastward, connecting West Coast ports with cities across the U.S. Warren Buffett is a believer. In November, the world's second-richest man paid $34 billion for railroad giant Burlington Northern Santa Fe Corp.
TRAVEL
September 10, 2000 | KARL ZIMMERMANN, Karl Zimmermann is a freelance writer based in New Jersey and the author of 13 books on trains
Along the banks of the broad, powerful Rio Motagua, we stood and stared at the boulders that had fallen onto the narrow-gauge tracks of our railway, Ferrovias Guatemala. No. 205, a stalwart steam locomotive built in 1948, hissed and wheezed while the crew--along with many of the 49 passengers--surveyed the impasse.
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