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WASHINGTON — On Wednesday’s first day of public hearings regarding their proposed merger, Canadian Pacific and Kansas City Southern sought to blunt criticism of their $31 billion combination by preemptively addressing concerns raised by other Class I railroads, Chicago-area commuter railroad Metra, and lineside communities in the Midwest. Merger opponents — including Metra and communities […]
ARLINGTON, Va. — A third union has ratified its tentative agreement with freight railroads, the bargaining group representing the railroads has announced. The National Carriers’ Conference Committee announced the ratification by the International Brotherhood of Electrical Workers, which represents almost 4,000 rail workers. The margin by which the contract was ratified was not announced. “The […]
CHICAGO — Amazon’s move to increase control of its domestic supply chain by purchasing additional 53-foot intermodal containers could be a pivot-to-growth story for U.S. Class I railroads in the years ahead. The online sales giant has grown its container fleet from 250 containers in 2019 to more than 5,000 today. That’s the equivalent of […]
WASHINGTON — Three days of scheduled hearings on the Canadian Pacific-Kansas City Southern merger — the first combination of two Class I railroads in two decades — will begin this morning (Wednesday, Sept. 28) in the hearing room at the Surface Transportation Board headquarters in Washington, D.C. The hearing will begin at 9:30 a.m. EDT […]
JACKSONVILLE, Fla. — CSX Transportation needs to improve its customer service and culture, CEO Joe Hinrichs told employees during a town hall meeting on Monday, his first day on the job. Hinrichs acknowledged the controversy surrounding Precision Scheduled Railroading but says CSX won’t be changing its operating model because it’s hard to argue with its […]
WASHINGTON – The machinists’ union has reached a second tentative agreement with Class I railroads, just under two weeks after the rank and file rejected the union’s first tentative deal. “We are pleased to announce that the nation’s freight railroads have reached a tentative agreement with the International Association of Machinists and Aerospace Workers (IAM),” […]
BERLIN — While not quite matching the record numbers it set in 2018, the 2022 InnoTrans trade fair, which concluded Friday, made a strong return after a four-year pause. A total of 137,394 people attended the four-day event, according to the event’s closing report, with visitors from 131 countries attending the world’s largest rail industry event. […]
JACKSONVILLE, Fla. — Patriot Rail, which concluded its acquisition of Pioneer Lines earlier this month, will expand further through acquisition of Delta Southern Railroad, the companies announced Monday. Delta Southern operates more than 40 miles of track in two line segments about 60 miles apart in Monroe and Tallulah, La., serving two Mississippi River ports: […]
PITTSBURGH – In order to attract, hire, and retain conductors – and avoid crew shortages that snarl operations and hurt service – Class I railroads need to make the job more appealing to today’s workers. That was the consensus of shippers, railroaders, and analysts who spoke at the North East Association of Rail Shippers conference […]
NEW YORK – Coal is enjoying a day in the sun amid low stockpiles at power plants and high natural gas prices. Overall railroad coal volumes have improved since the second quarter of 2021 and the trend is expected to continue into next year. But then a wave of coal-fired power plant retirements will put […]
Jim Florio, a former New Jersey congressman and governor credited with a key role in passage of 1980’s Staggers Act, which partially deregulated railroads, has died. He was 85. Florio’s death on Sunday, Sept. 25, was announced on Twitter by law partner Doug Steinhardt. No cause or place of death was given. While the bill […]
PITTSBURGH — Service on the big four U.S. Class I railroads is improving slowly but remains uneven amid ongoing and sporadic crew shortages, shippers said this week at the North East Association of Rail Shippers conference. One thing that’s helped improve service is the resumption of hump operations at several yards over the past few […]
