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We use the transverse Kähler-Ricci flow on the canonical foliation of a closed Vaisman manifold to deform the Vaisman metric into another Vaisman metric with a transverse Kähler-Einstein structure. We also study the main features of such a manifold. Among other results, using techniques from the theory of parabolic equations, we obtain a direct proof for the short time existence of the solution for transverse {\K}-Ricci flow on Vaisman manifolds, recovering in a particular setting a result of Bedulli, He and Vezzoni [J. Geom. Anal. 28, 697--725 (2018)], but without employing the Molino structure theorem. Moreover, we investigate Einstein-Weyl structures in the setting of Vaisman manifolds and find their relationship with quasi-Einstein metrics. Some examples are also provided to illustrate the main results., 26 pages