Colorado Pacific Railroad, the rail enterprise of Colorado billionaire Stefan Soloviev, is no longer pursuing purchase of the former Denver & Rio Grande Western Tennessee Pass line, according to the nonprofit website Colorado Newsline. The railroad’s general counsel, William Osborn, told the site Soloviev — a major New York developer and chairman of Crossroads Agriculture, […]
Union Pacific’s decision to challenge the Surface Transportation Board’s approval of the Canadian Pacific-Kansas City Southern merger is likely a last-ditch attempt to protect its cross-border traffic from upstart CPKC. Last week UP asked a federal court to review the STB’s March 15 decision that allowed the CP-KCS merger to proceed on April 14 without […]
WASHINGTON – Union Pacific has asked a federal court to overturn the Surface Transportation Board’s approval of the Canadian Pacific-Kansas City Southern merger. In a petition for review filed on Wednesday with the U.S. Court of Appeals for the District of Columbia Circuit, UP said the STB’s March 15 decision exceeded the board’s authority and […]
CHICAGO — Starting today, Amtrak’s Lincoln Service trains will begin operating at 110-mph maximum speeds over Union Pacific’s former Gulf, Mobile & Ohio speedway between Laraway Road, south of Joliet, Ill., and the Alton, Ill., Amtrak station. Shortened schedules will be established at a later time “to ensure everything on the system is running properly […]
MONTREAL — Canadian National, Union Pacific, and Ferromex have significantly tightened the schedules for the new intermodal service they will launch on May 15 to link Canada and Detroit with Mexico. The changes to the Falcon Premium service, announced in customer advisories on Monday, take 40 hours out of the Detroit-Monterrey transit time and trim […]
WASHINGTON — Federal regulators will require BNSF Railway, Norfolk Southern, and Union Pacific to continue to provide biweekly service progress reports through the end of the year. The Surface Transportation Board, in a decision released today, said the three systems had not yet made enough progress toward the operations, service, and employment goals they had […]
WASHINGTON — Union Pacific has significantly reduced its use of congestion-related embargoes, which last year drew scrutiny from the Surface Transportation Board and scorn from shippers. UP dramatically increased its use of embargoes last year, when it issued the vast majority of Class I railroad embargoes in order to prevent its local yards from clogging […]
CALGARY, Alberta — CPKC’s first new service — a pair of intermodal trains linking Chicago and Mexico — will launch on May 11, carrying containers from new customers Schneider and Knight-Swift. Daily hotshots 180 and 181 will link Chicago with Laredo, Texas; Monterrey, Mexico; and Mexico City. With third-day service to Laredo, fourth-day to Monterrey, […]
CALGARY, Alberta — Knight-Swift will shift its U.S.-Mexico intermodal traffic from Union Pacific to CPKC’s new single-line route beginning in May. CPKC and Knight-Swift announced their multi-year agreement today, just four days after Schneider said it would move its U.S.-Mexico intermodal business from UP to CPKC in May under a similar agreement. “This agreement creates […]
YATES CENTER, Kan. — Five locomotives and approximately 24 cars of a Union Pacific train derailed Monday morning after a grade-crossing accident with a tractor-trailer truck, a railroad spokesman told KOAM-TV. The train’s crew was not injured, UP said. The truck driver was hospitalized with non-life-threatening injuries, according to Woodson County Sheriff Jeffrey McCullough. The […]
MONTREAL — Canadian National, Union Pacific, and Ferromex will launch new intermodal service next month linking Canada and Detroit with Mexico, the railroads announced today (Monday, April 24). The Falcon Premium service will connect a dozen CN terminals with the Ferromex terminals in Monterrey and Silao via the Eagle Pass, Texas, gateway. CN and UP […]
The publicly traded U.S. Class I railroads are putting more of an emphasis on service and volume growth in the annual incentive plans they offer to their executives. It’s a clear sign, analysts say, that the railroads are shifting into growth mode after years spent concentrating on reducing their operating ratios in a quest for […]
