WASHINGTON — CSX Transportation’s proposed acquisition of New England regional Pan Am Railways will get a more thorough review. The Surface Transportation Board has decided that the merger application will be treated as a significant transaction, not the minor deal that CSX and Pan Am had sought. The move, announced in a draft notice in the […]
MG Tower, a landmark on the former Pennsylvania Railroad Pittsburgh Line through the Allegheny Mountains, is reportedly facing demolition by current owner Norfolk Southern 27 years after its closure. The tower was built to help the Pennsylvania deal with the increased demand to transport war materials, troops, civilian passenger trains, and regular freight shipments. In […]
WASHINGTON — The Massachusetts congressional delegation has asked the Surface Transportation Board to consider CSX Transportation’s acquisition of New England regional Pan Am Railways as a significant transaction, which would put the deal under a more stringent regulatory review process. “While the STB’s procedures for a significant transaction provide additional time for interested parties to […]
WASHINGTON — Amtrak’s 826-page petition to the Surface Transportation Board, filed last week, is the latest salvo in efforts to establish passenger trains on routes of railroads not currently hosting service. The STB’s eventual decision could have a significant impact on what investment is required for service expansion. The filing argues Amtrak has made good […]
WASHINGTON — CSX Transportation has defended its proposed acquisition of New England regional Pan Am Railways. Vermont Rail System, along with transportation officials from Vermont and Massachusetts, claim the deal would harm rail competition in the region and should face a more thorough review from the Surface Transportation Board. Massachusetts officials and lawmakers also expressed […]
NJ Transit to introduce customer rewards program in April NJ Transit is introducing a customer rewards program where passengers will earn points toward purchase at participating local businesses. Customers will be able to join the NJT Rewards program through the NJ Transit mobile app beginning April 5. Points will be good for deals at participating […]
WASHINGTON — The Massachusetts Department of Transportation and Massachusetts Bay Transportation Authority have told federal regulators that they oppose CSX Transportation’s proposed acquisition of New England regional Pan Am Railways. In a filing with the Surface Transportation Board this week, state officials claim the transaction will harm rail competition, potentially hinder commuter rail operations, and […]
If you believe that railroads have sacrificed volume growth on the altar of the Cult of the Operating Ratio, then here’s some good news: A Wall Street analyst says major investors are growing weary of cost-cutting and want to see railroads attract more traffic. Credit Suisse analyst Allison Landry says some institutional investors are […]
WASHINGTON — Amtrak is taking its effort to start service along the Gulf Coast to the Surface Transportation Board. The passenger railroad is asking the regulatory body to require CSX Transportation and Norfolk Southern to permit operation of two daily round trips between New Orleans and Mobile, Ala. In its filing, Amtrak is asking for […]
WASHINGTON — Vermont Rail System has urged federal regulators to reject CSX Transportation’s proposed acquisition of neighboring New England regional Pan Am Railways, saying the deal would reduce competition. Much of VRS’s opposition, disclosed in regulatory filing on Tuesday, flows from a separate element of the Pan Am deal: The naming of a Genesee & […]
Savannah port sees first traffic at new container terminal; rail capacity project advances The Port of Savannah, Ga., has welcomed the first container ship to call on its Ocean Terminal, partially converted from roll-on/roll-off cargo to handle container traffic. The Savannah Morning News reports the conversion adds 210,000 twenty-foot-equaivalent units, or TEUs — the standard […]
LA Union Station to host part of Oscars ceremony Los Angeles Union Station will be one of the two venues for this year’s Academy Awards ceremony, Variety reports. The station, built in 1939, is a frequent setting for films, but has never been part of the Oscars. It will be used this year, along with […]
