Competing Shore Shore station plans for South Bend, Ind., face growing costs Competing plans to build a new South Shore Line station in South Bend, Ind. — one envisioning a downtown station, another for a relocated stop to replace the current terminus at the South Bend airport — have stalled several years after being floated, […]
The Canadian Pacific acquisition of Kansas City Southern should help the railroads develop new business — including diverting truck traffic to rail — but the $29 billion deal announced on Sunday could face regulatory hurdles and opposition from shippers and other Class I systems. CP and KCS executives touted the potential for traffic growth that would […]
CALGARY, Alberta — Canadian Pacific and Kansas City Southern executives say combining their railroads into the first system linking Canada, the U.S., and Mexico will generate significant traffic growth across all commodities. “What a historic day,” CP CEO Keith Creel said during a Sunday afternoon investor webcast where executives touted the $29 billion deal to create […]
CALGARY, Alberta — Canadian Pacific’s proposed acquisition of Kansas City Southern will unite the two smallest Class I railroads and create the only North American system that will operate in the U.S., Canada, and Mexico. The combination of the 12,500-mile CP and 6,700-mile KCS, announced today, is a classic end-to-end merger: The railways currently interchange in […]
CALGARY — Canadian Pacific will buy Kansas City Southern in a cash and stock transaction worth approximately $29 billion, CP has confirmed. Financial Times first reported the story Saturday night. In an announcement posted Sunday morning, CP said the deal has the approval of both boards of directors, and confirms the previously reported price valuing […]
Interim CEO says Honolulu rail system will cost $12.4 billion, take 10 more years to complete The cost of Honolulu’s light rail system has risen to $12.4 billion and will take another 10 years to finish, interim CEO Lori Kahikina told the Honolulu Authority for Rapid Transportation board. Hawaii News Now reports that Kahikina that […]
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 […]
Cuyahoga Valley Scenic Railroad to resume operation May 1 Ohio’s Cuyahoga Valley Scenic Railroad will resume operation May 1 with National Park Scenic rides operating through Cuyahoga Valley National Park. Trains will operate three days a week (Friday through Sunday) in May and five days a week (Wednesday through Sunday) beginning in June. “We look […]
Great Northern launched its Red River pocket streamliner between Grand Forks, N.Dak., and St. Paul in June 1950, part of the road’s big postwar push for passengers. The coach seats featured a wheat motif on their upholstery. Great Northern […]
MTA says contractor failed to follow safety rules at site of LIRR construction accident The contractor performing work that led to the severe electrical-shock injury of an ironworker at a Long Island Rail Road station last weekend failed to follow some safety protocols, Metropolitan Transportation Authority officials said. Newsday reports the accident at the LIRR […]
Hitachi Rail finalizes contract to build up to 800 DC Metro cars Hitachi Rail has received a contract worth up to $2.2 billion to build new 8000-series railcars for the Washington Metropolitan Transit Authority, finalizing a decision and setting financial terms for a deal first reported in October. The initial contract with DC Metro is […]
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