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OMAHA, Neb. — A hedge fund, arguing that Union Pacific ranks dead last in every important operating metric, has asked the railroad’s board of directors to replace current CEO Lance Fritz with former Chief Operating Officer Jim Vena. Soroban Capital, which has a $1.6 billion stake in UP and ranks among its top 10 investors, […]
WASHINGTON — In their latest bid to delay the Canadian Pacific-Kansas City Southern merger, four members of the Illinois congressional delegation have cited the East Palestine, Ohio, derailment as a reason the Surface Transportation Board should subject the merger to further review. In a letter to STB Chairman Martin J. Oberman dated Thursday, Feb. 23, […]
News & Products for the week of February 20th 2023 Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. The following are the products Model Railroader editors have news on for the week of February 20th 2023. […]
WASHINGTON — Four federal legislators from Illinois have repeated a call for the Surface Transportation Board to delay a decision on the Canadian Pacific-Kansas City Southern merger until the STB undertakes a separate assessment of the merger’s impact on the Chicago area. That decision could come as soon as the end of this month. The […]
Intermodal has long been the rail industry’s growth engine. But it hasn’t been firing on all cylinders in recent years. Yes, 2018 was a record-setting year for volume, and 2021 was intermodal’s second-best year ever. That’s all well and good — except that intermodal hasn’t been keeping pace with economic growth and has lost market […]
We’re No. 1! Locomotives Number One: We long ago gave up on how railroads number their locomotives. Just as we figure out a particular railroad’s roster system comes along a renumbering, a reclassification of a locomotive class from road to yard duty, or a juggling of order when two companies merge. Many railroads, large and […]
What was your first byline in Trains? Steve Glischinski: My first byline was an article on the Escanaba & Lake Superior in the July 1984 issue. It was the cover story. I was so excited I went out and bought a whole bunch of issues and gave them out to friends! For several years I had […]
CALGARY, Alberta — Canadian Pacific reported strong fourth quarter earnings on Tuesday and expects to see volume growth this year despite economic uncertainty. The railway’s earnings call was a sideshow to the main event: The pending Surface Transportation Board decision on the proposed CP-Kansas City Southern merger. “We finished the year with the people, capacity […]
WASHINGTON — As part of their merger, Canadian Pacific and Kansas City Southern will work with a group of Chicago-area communities on voluntary measures to address traffic concerns in those communities, the railroads say in the final Environmental Impact Statement released today (Friday, Jan. 27) by the Surface Transportation Board’s Office of Environmental Analysis. The […]
Timber Rock Railroad summary The Timber Rock Railroad (TIBR) is a short line railroad in Texas and Louisiana that’s owned by Watco. A total of 41.5 miles of standard-gauge track from the former Atchison, Topeka and Santa Fe Railway is used between DeRidder, La., and Kirbyville, Texas. History The Timber Rock Railroad’s history began in […]
WASHINGTON — No one from the Justice Department bothered to testify at the Surface Transportation Board’s September hearing on the proposed merger of Canadian Pacific and Kansas City Southern. But that absence doesn’t mean the Justice Department doesn’t have concerns about the first merger of Class I railroads in two decades. In a letter to […]
News & Products for the week of January 23rd 2023 Model railroad operators and builders can get the latest information about locomotives, freight cars, passenger cars, tools, track, and more by reading Model Railroader’s frequent product updates. Here are the products Model Railroader editors have news on for the week of January 23rd 2023. […]
