MONTREAL — Canadian National CEO JJ Ruest will retire in January, the railroad announced today amid the ongoing proxy contest launched by activist investor TCI Fund Management. No successor was named, and CN’s announcement came a day after TCI released its plan touting former CN Chief Operating Officer Jim Vena as its chief executive candidate […]
MONTREAL — Canadian National announced that Jean-Jacques Ruest will retire as president and CEO and as a member of the board of directors, effective as of the end of January 2022, or such later time as a successor has been appointed. “On behalf of the Board, I would like to thank JJ for his dedicated […]
WASHINGTON — Federal regulators on Monday received a flurry of last-minute comments regarding CSX Transportation’s proposed acquisition of New England regional Pan Am Railways. The filings – from federal and state transportation officials, Norfolk Southern, and Genesee & Wyoming – were submitted on the deadline to respond to comments already made to the Surface Transportation Board […]
KANSAS CITY, Mo. – Kansas City Southern’s profits slumped in the third quarter due to the impact of merger-related costs, but revenue was up sharply even as volumes declined slightly as a result of auto assembly plant shutdowns and protests that blocked the railroad’s route to a key Mexican port. The railroad today reported that […]
WASHINGTON — Surface Transportation Board Chairman Martin J. Oberman has asked CSX Transportation CEO Jim Foote to explain ongoing service problems that range from missed switches and unfulfilled car orders to delayed manifest and bulk shipments. “Over the past several months the Board has continued to receive a steady stream of complaints about the adequacy […]
Clark Fork River Milwaukee Road tTrain 262 crosses high above the Clark Fork River at St. Regis, Mont., in August 1973 with a Little Joe leading three SD40-2s. Steve Schmollinger photo […]
LONDON — TCI Fund Management today released its plan to improve Canadian National’s operational and financial performance, saying that replacing CEO JJ Ruest with former CN Chief Operating Officer Jim Vena would usher in a new era of growth and profitability. But TCI’s plan, included with the launch of a website called cnbackontrack.com, sets no […]
Texarkana train After a crew change, Southern Pacific SD40T-2 8386 leads train MFLAT out of Texarkana, Texas, on August 31, 1985. At the right is the interlocking tower that protects the Cotton Belt’s crossing with the KCS main line to Shreveport. Scott D. Lindsey photo […]
WASHINGTON – BNSF Railway will gain trackage rights over a short stretch of Union Pacific’s Jefferson City Subdivision in Missouri to begin serving a power plant 45 miles west of St. Louis. The 11.5 miles of trackage rights will allow BNSF to deliver coal trains from the Powder River Basin to Ameren’s power plant in Labadie, […]
JACKSONVILLE, Fla. — CSX Transportation has been honored by the Center for Climate and Energy Solutions and The Climate Registry for its efforts to reduce greenhouse gas emissions. The railroad has received a 2021 Climate Leadership Award for greenhouse gas reduction goal setting, recognizing ““exemplary corporate, organizational, and individual leadership in reducing carbon pollution and […]
GATINEAU, Quebec — No evidence links railway operations to the fire that destroyed the town of Lytton, British Columbia, in June, the Transportation Safety Board of Canada said in a Thursday news release. This means the TSB’s role in the investigation is complete “unless new information establishes that a TSB reportable event occurred.” The fire […]
On this installment of Bob’s Train Box, Bob and CTT editor Hal Miller do a quick review of Lionel’s new Legacy GP30 (Read the full review in the December 2021 issue of CTT). Then Bob explains various track cleaning techniques and reveals his favorite thing to keep the rails shiny. The last stop is modern […]
