Day: April 12, 2021

Amtrak Joe: A brief look at President Biden’s long history of supporting America’s railroad

By Kevin Shalvey for businessinsider.com President Joe Biden at an event announcing funding for Amtrak as part of the American Recovery and Reinvestment Act in 2009. Larry Downing/Reuters President Joe Biden’s long political history included years of advocating for Amtrak funding.  Biden earned the nickname “Amtrak Joe” as he commuted between Delaware and Washington for decades. […]

Canadian Pacific-KC Southern Tie-Up May Be the Last Big Rail Deal

Any further consolidation would get much tougher scrutiny from industry regulators. By Brooke Sutherland for bloomberg.com Canadian Pacific Railway Ltd. has finally found the right target to realize its vision for railroad consolidation. The company agreed in March to acquire Kansas City Southern for $275 a share, or about $29 billion including debt. If completed, the merger would be […]

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