CLEVELAND — Activist investor Ancora Holdings Group, which seeks to oust current Norfolk Southern CEO Alan Shaw, would replace him with former United Parcel Service President Jim Barber Jr., the investment group said today in announcing its slate of eight candidates for the company’s board of directors. Jamie Boychuk, former CSX executive vice president of […]
WASHINGTON – For the second time in the past three months, federal regulators are being asked to settle a dispute related to Union Pacific’s 1996 acquisition of Southern Pacific. BNSF Railway has requested that the Surface Transportation Board allow it to access a UP-served quarry in Arkansas. In a filing that appeared on the STB […]
An activist investor group has taken a $1 billion stake in Norfolk Southern and aims to wrest control of the company’s board and oust CEO Alan Shaw, according to a report in The Wall Street Journal this evening. The investor group, led by Cleveland-based Ancora Holdings, has nominated a slate of directors that includes former […]
CSX reached a milestone on the former Pan Am Railways on Monday, Dec. 4, when it ran the first train in nearly five years between Old Town, Maine, and the New Brunswick Southern interchange at Mattawamkeag, Maine. The 45-mile stretch of the former Maine Central was out of service and previously had speeds restricted to […]
CALGARY — Canadian Pacific Kansas City says it has agreed to study passenger service on part of its freight network in Mexico, and is reviewing a draft decree by the Mexican government regarding passenger train operations. Reuters reports that companies holding Mexicos’s freight rail concessions — including CPKC de Mexico and Grupo Mexico’s Ferromex, in […]
WASHINGTON — Norfolk Southern has asked federal regulators to suspend review of the Canadian Pacific Kansas City and CSX Transportation proposal to create a new through route linking the Southeast and Mexico via Myrtlewood, Ala. Earlier this month CPKC and CSX filed separate applications seeking Surface Transportation Board approval to acquire and operate Genesee & […]
ATLANTA — Norfolk Southern’s third-quarter earnings fell sharply due to the mounting toll of the East Palestine, Ohio, derailment, lower volume, and higher costs related to carrying more train crews as part of the railroad’s service resilience strategy. “We are making smart investments in safe, reliable, and resilient service,” CEO Alan Shaw told investors and […]
ATLANTA — Norfollk Southern and Florida East Coast Railway will expand their domestic interline intermodal services in Florida, the railroads announced Wednesday. As of Oct. 2, NS will add service to FEC’s Fort Pierce and Fort Lauderdale facilities, joining existing service to FEC terminals in Titusville and Miami. The additions will add flexibility for their […]
Canadian National and Norfolk Southern have teamed up for new cross-border domestic interline intermodal service that will link Atlanta with six Canadian locations and Kansas City, Mo., with Toronto and Montreal. The service, announced today, will launch on Oct. 2 with new steel-wheel interchanges in Detroit and Chicago, the railroads said. The service will connect […]
Tropical storm Hilary, the first to hit Southern California in 84 years, brought heavy rains and flooding that have shut down Union Pacific’s Mojave and Yuma subdivisions. Both subdivisions were out of service this morning due to water and mud over the tracks between Banning and Indio, Calif., on the Yuma Sub and near Mojave […]
CALGARY, Alberta — Canadian Pacific will waste no time officially combining with Kansas City Southern. CP said today that it will create Canadian Pacific Kansas City on April 14, the earliest date CP could take control of KCS under the Surface Transportation Board’s approval of the $31 billion merger. “Under the leadership of the exceptional […]
WASHINGTON — The merger of Canadian Pacific and Kansas City Southern may be a union of two freight railroads, but it is likely to matter for passenger railroading, as well. Amtrak had formally supported the railroads’ merger application before the Surface Transportation Board. That reflected CP’s backing for passenger operations between New Orleans and Baton […]
