By Bill Stephens for trains.com Railroads would have to report local service data as well as locomotive and crew availability Class I railroads operating in Canada would be required to report additional performance and staffing metrics under a proposal Canadian regulators unveiled on Friday. Transport Canada’s move was announced on the same day that the Surface Transportation […]
From a growth perspective, the Class I merger record is mixed over the long term By Bill Stephens for trains.com Do railroad mergers live up to the hype? It’s a question that’s been rattling around in my head as federal regulators review the Canadian Pacific-Kansas City Southern merger, the first between Class I railroads in […]
KCS’ acquisition proposal is the first time Class I railways have tried to combine since the STB issued revised antitrust regulations in 2001. By Katie Pyzyk Contributor for supplychaindive.com North American railways have suddenly become hotter, and it has nothing to do with the summer heat. Drama is ensuing over proposals for one of two […]
By JOSH FUNK for apnews.com OMAHA, Neb. (AP) — Canadian National railroad plans to address competitive concerns related to its $33.6 billion acquisition of Kansas City Southern by selling off a short section of rail line. Canadian National CEO JJ Ruest said he believes selling 70 of the 27,000 miles of track the two railroads […]
By Josh Funk for apnews.com Union Pacific’s first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy is steadily improving. The Omaha, Nebraska, company said Thursday that it earned $1.34 billion, or $2 per share, in the quarter. That’s down from $1.47 billion, or $2.15 per […]
STB must decide how to review the transaction By Joanna Marsh for freightwaves.com A number of rail shipping groups and four out of five Class I railroads are asking the Surface Transportation Board (STB) to examine the proposed merger of Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU) under a “new” litmus test of whether the merger would enhance […]
U.S. freight railroads reported 481,597 carloads and intermodal units during the week ending July 18, an 8.5 percent decrease compared with volumes during the same week in 2019, according to Association of American Railroads (AAR) data. Carloads fell 15.7 percent to 214,685 units, while intermodal units dipped just 1.7 percent to 266,912 containers and trailers. Only one […]
Published by progressiverailroading.com U.S. freight-rail traffic declined 2.4 percent to 437,989 carloads and intermodal units during the week ending July 4 compared with the same week a year ago, according to Association of American Railroads (AAR) data. Carload volume decreased 12.7 percent to 192,767 units, while intermodal volume rose 7.7 percent to 245,222 containers and trailers during […]
Freight railroads say they’ve been vigilant in ensuring employee health By Joanna Marsh for freightwaves.com The Brotherhood of Maintenance of Way Employes Division (BMWED), a U.S. rail labor union affiliated with the International Brotherhood of Teamsters, wants the freight railroads to privately mandate the testing and tracing of the COVID-19 virus among employees after the recent deaths of […]
The Terminal Railroad Association of St. Louis (TRRA) logged a “noticeable” drop in recent intermodal traffic due to falling imports from China because of the COVID-19 pandemic. TRRA also recorded a decrease in traffic volumes from auto plant shut downs in the area, TRRA officials said in a St. Louis Regional Freightway press release. Medical supplies, food, chemicals and […]