Digest: Wabtec battery-electric locomotive named a ‘World Changing Idea’

Wabtec wins award for FLXdrive locomotive, Golden Stevie Award; gains contract for equipment in India Wabtec’s FLXdrive battery-electric locomotive has been named a winner of Fast Company magazine’s World Changing Ideas for 2021 in the transportation category. The locomotive, which recently concluded more than 13,000 miles of testing in Southern California, uses more than 18,000 […]

Read More…

New releases continue CP, CN efforts to gain support for KCS merger bids

In Monday morning’s latest installment in the regulatory and public-relations efforts to boost their respective bids for Kansas City Southern, Canadian Pacific and Canadian National have each issued new press release. CP’s cites what it terms “mounting opposition” to the CN-KCS merger proposal, while CN has released an open letter to “the Kansas City Southern […]

Read More…

Northern Pacific Railway: A History

History of the Northern Pacific Railway In 1864 Abraham Lincoln signed the charter of a railroad to be built from the Great Lakes to Puget Sound — the Northern Pacific Railroad. The Philadelphia banking house of Jay Cooke & Co. undertook to sell the bonds, which were to yield 7.3 percent interest, and sold $30 […]

Read More…

Wabtec, BNSF conclude initial tests of battery-electric locomotive

Initial test of Wabtec’s FLXdrive battery-electric locomotive have concluded, with both the manufacturer and testing partner BNSF Railway saying the locomotive’s revenue testing in Southern California — which covered more than 13,000 miles — indicate the promise of the technology. During Wednesday’s quarterly earnings call — as the locomotive was making its way back to […]

Read More…

Digest: Senators introduce bill to provide $2.5 billion for grade-crossing improvements

Senators’ legislation would provide $500 million annually for grade-crossing separation, other improvements U.S. Sens. Maria Cantwell (D-Wash.) and Roy Blunt (R.-Mo.) have introduced legislation to provide $2.5 billion — $500 million annually for five years — for grade-crossing separation projects and other track relocation projects to improve safety or reduce congestion. “Too many people are […]

Read More…

How will KCS board weigh competing merger offers from CP and CN?

KANSAS CITY, Mo. — The Kansas City Southern board of directors will have to weigh dueling bids for the railway, pitting Canadian Pacific’s friendly $29 billion deal against Canadian National’s unsolicited $33.7 billion offer. Analysts say that CP’s bid, while lower, is almost certain to gain regulatory approval. CN’s bid is more attractive for investors, but […]

Read More…

Norfolk Southern sees earnings, volume increases in first quarter

NORFOLK, Va. — Reflecting continued intermodal strength — as well cost savings resulting from the continued implementation of Precision Scheduled Railroading principles — Norfolk Southern showed increases in both volume and earnings during 2021’s first quarter, as well as a new record operating-ratio figure. Quarterly revenue of $2.6 billion represented a 1% increase over the […]

Read More…