Voting trusts, what they mean in a CP deal for NS NEWSWIRE

VotingTrusts

Former Illinois Central SD40-3 No. 6251 leads a Canadian National train near Stewart, Minn., earlier this year. Canadian Pacific’s bid for Norfolk Southern includes provisions for a voting trust of a type last used when CN bought IC in the late 1990s. Matt Krause When Norfolk Southern’s board of directors formally rejected Canadian Pacific’s $28 […]

Read More…

Tech company’s device can detect in cab cell phone calls NEWSWIRE

Witronix

BOLINGBROOK, Ill. — New in-cab locomotive technology designed to identify communications over cellular frequencies is now working on U.S. railroads, Wi-Tronix officials tell Trains News Wire. The Illinois-based company has deployed its “Mobile Phone Detection System” on at least one Class I railroad and one California short line railroad. The company could not disclose which […]

Read More…

UPDATE: CP makes third offer for NS NEWSWIRE

CP

Canadian Pacific slightly sweetened its bid for Norfolk Southern today, offering NS shareholders what amounts to an insurance policy on the stock price of the combined company while the merger is under regulatory review. “We are increasing our offer to NS shareholders by as much as $3.4 billion through the addition of a contingent value […]

Read More…

‘The greatest railroader of all time’

Hunter Harrison, Canadian National Railway

Canadian Pacific and Norfolk Southern networks with most major routes shown. Trains: Rick Johnson CALGARY, Alberta — Bill Ackman, Canadian Pacific’s activist shareholder, says in a conference call today that E. Hunter Harrison is the “greatest railroader of all time” and that he is the premium Norfolk Southern shareholders would receive regardless of whether a […]

Read More…

‘Piedmont’ cab ride video

View from a locomotive cab at bridge overpasses and railroad track.

Ride along with Trains Magazine passenger correspondent Bob Johnston on Amtrak’s northbound Piedmont, train No. 73, between Cary and Durham, N.C. This September 2015 trip features a look at corridor improvements funded by the North Carolina Department of Transportation. NCDOT Rail Division Manager of Design and Construction Jason Orthner answers questions while engineer Fred Gibson […]

Read More…

Railfans document near-miss in Fostoria on Sunday NEWSWIRE

CSX3179

The two trains remained by the diamond after the incident during the investigation. This view looks east from the Fostoria Railpark. FOSTORIA, Ohio – Railfans watching trains at the popular Fostoria Railpark believe they nearly witnessed a collision between two trains Sunday at the famous diamond crossing between CSX Transportation and Norfolk Southern in northwest […]

Read More…

Analyst: RoadRailer a ‘missed opportunity’ for industry NEWSWIRE

TCS

Brian Schmidt FORT WAYNE, Ind. – A leading intermodal analysts says that Norfolk Southern’s decision to scale back use of its RoadRailer trailer trains is a “missed opportunity” for the industry. Earlier this month, NS discontinued most of its RoadRailer trains and is incorporating traffic that was once moved by its Fort Wayne-based Triple Crown […]

Read More…