MONTREAL — Canadian National argues that its proposed combination with Kansas City Southern will offer shorter, faster, and more efficient routes than tying together the Canadian Pacific and KCS networks. And that less complicated route structure, CN contends, will enable a CN-KCS system to successfully gain north-south traffic that currently moves by truck between Mexico, the […]
Let the bidding war begin. Canadian National today topped rival Canadian Pacific’s $29 billion offer for Kansas City Southern in what one analyst called “an aggressive move.” CN’s $33.7 billion offer is a 21% premium to the deal CP reached with KCS last month. CN is offering KCS investors $325 per share, including $200 per […]
Union Pacific to close Palestine, Texas, car shop, subject of lawsuit Union Pacific will close its car shop in Palestine, Texas, as of June 14, eliminating as many as 57 positions. The Palestine Herald-Press reports employees were notified Thursday; a Union Pacific spokeswoman confirmed the closure and attributed it to operational changes across the system. […]
VANCOUVER, British Columbia — Beginning Monday, May 17, VIA Rail Canada will begin operating its flagship train, the Canadian, across its full route from Vancouver to Toronto. The train has been operating between Vancouver and Winnipeg, Manitoba. The first westbound trip from the Ontario city is set for Sunday, May 23. Service will continue to operate […]
OMAHA, Neb. — Union Pacific has resisted an activist investment firm’s push to allow shareholders to have an annual non-binding vote on the railroad’s efforts to reduce its carbon footprint. London-based TCI Fund Management, which has investments in Canadian National, Canadian Pacific, and UP, contends that a company’s greenhouse gas emissions will have an impact […]
DULUTH, Minn. — Volunteers at the Lake Superior Railroad Museum have returned Northern Pacific SD45 No. 3617 to operating condition. The locomotive was started up and moved under its own power at the museum on Feb. 27, the first time it has operated in more than 14 years. The locomotive was donated to the museum […]
Friday midday rail news: Canadian crude-by-rail sees major drop in 2020, regulator says Canadian crude-by-rail exports fell by nearly 40% in 2020, according to the Canada Energy Regulator, which regulates the export of crude and petroleum products. The average of 172,013 barrels per day — after an average of 280,272 barrels in 2019 — after […]
OMAHA, Neb. — Union Pacific has virtually frozen its entire intermodal network in the face of harsh winter weather. UP notified customers Monday night that, effective at 8 a.m. local time today, it would not accept loads at its intermodal terminals. The railroad expects the closures to last for 72 hours. Exceptions include international shipments […]
Tuesday morning rail news: Ontario short line train derails, demolishing vehicles, shed A reported runaway situation led to the derailment of a Goderich-Exeter Railway train on Monday in Goderich, Ontario, CTV News reports, demolishing a tractor-trailer, pickup truck, and shed before coming to a halt. An officer of the Ontario Provincial Police told the news […]
SAN DIEGO — TuSimple, one of the companies aiming to develop self-driving trucks, has added Canadian National CEO JJ Ruest to its newly created executive advisory board. The announcement, which the San Diego-based company made this week, comes after CN was among the investors in a $350 million round of funding for the trucking startup. […]
CHICAGO – The Chicago interchange dispute between Canadian National and Canadian Pacific is heading to a new venue: Federal court. CN, through its Wisconsin Central subsidiary, is seeking to have the U.S. Seventh Circuit Court of Appeals set aside a Surface Transportation Board declaratory order. The STB’s order, issued in October, said that CN could […]
VANCOUVER, B.C. — A slimmed-down, once-weekly VIA Rail Canada Canadian has resumed operation on the train’s route west of Winnipeg, Manitoba, operating with few of the features that defined the train prior to the COVID-19 pandemic. Canada’s strict travel restrictions between provinces during the pandemic are a significant reason the Canadian and the Montreal-Halifax, Nova […]
