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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 […]
WASHINGTON — It’s back to the drawing board for Rio Grande Pacific’s plans to lease and revive Union Pacific’s long-dormant route over Tennessee Pass in Colorado. The Surface Transportation Board on Thursday rejected the exemption that Rio Grande Pacific sought for the transaction. Under board rules, small deals such as a lease or sale of […]
SACRAMENTO, Calif. — A year behind schedule because of three COVID-related delays, the board of California’s High-Speed Rail Authority voted 6-3 Thursday to send a business plan to the state legislature calling for an initial operating segment between Central Valley cities of Merced and Bakersfield, with the possibility of opening that segment as a single-track […]
SACRAMENTO, Calif. — Anticipating rail travel demand comes with dual challenges: incur costs running trains with initial low patronage, or risk not providing enough options to build revenue and transportation relevance. Amtrak will begin restoring daily departures for its long-distance trains in late May, after receiving directives and $1.7 billion from Congress [see “As Amtrak […]
NEW YORK — The Long Island Rail Road has posted new timetables effective March 29, as well as improved technology to help riders know about seat availability on trains. The timetables announced Wednesday restore the weekday levels of service that had been in place Jan. 25 through March 5. The railroad reduced weekday service as […]
WASHINGTON — The weekly U.S. rail traffic figures from the Association of American Railroad are entering a period where year-to-year comparisons will be skewed because, at this point a year ago, the U.S. economy began to deal with widespread pandemic-related shutdowns, triggering significant reductions in rail traffic. With that in mind, the figures for the […]
MG Tower, a landmark on the former Pennsylvania Railroad Pittsburgh Line through the Allegheny Mountains, is reportedly facing demolition by current owner Norfolk Southern 27 years after its closure. The tower was built to help the Pennsylvania deal with the increased demand to transport war materials, troops, civilian passenger trains, and regular freight shipments. In […]
WASHINGTON — Canadian Pacific and Kansas City Southern plan to file their merger application with U.S. regulators on or around June 28 and have proposed a 10-month review of the deal that would create the first railroad to link the U.S., Canada, and Mexico. The railroads told the Surface Transportation Board that their proposed review timetable […]
PITTSBURGH — Wabtec Corp. has announced a “definitive agreement” to acquire Nordco, a supplier of new, rebuilt, and used maintenance-of-way equipment, from Greenbriar Equity Group LP for $400 million in cash. Nordco’s product line includes mobile railcar movers and ultrasonic rail flaw detection technologies, with equipment and services supporting North American customers ranging from Class […]
WASHINGTON — Amtrak’s 826-page petition to the Surface Transportation Board, filed last week, is the latest salvo in efforts to establish passenger trains on routes of railroads not currently hosting service. The STB’s eventual decision could have a significant impact on what investment is required for service expansion. The filing argues Amtrak has made good […]
Transport Canada has ordered Canadian Pacific to stop leaving trains unattended without setting handbrakes near the site of 2019’s fatal runaway accident on Kicking Horse Pass after a February incident, the CBC reports, but the railroad is disputing the regulator’s assertion that the event in question constituted “an immediate threat.” In question is a Feb. […]
The Canadian Pacific acquisition of Kansas City Southern should help the railroads develop new business — including diverting truck traffic to rail — but the $29 billion deal announced on Sunday could face regulatory hurdles and opposition from shippers and other Class I systems. CP and KCS executives touted the potential for traffic growth that would […]
