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No injuries as BNSF intermodal train derails near Barstow About 15 cars of a BNSF Railway intermodal train derailed Thursday at Jimgray, Calif., about 24 miles northwest of Barstow on the railroad’s Mojave Subdivision. The San Bernardino County Fire Department reports on Twitter that it responded to the accident about 6 a.m., but there were […]
OMAHA, Neb. — Union Pacific is closely watching the battle for Kansas City Southern and how an acquisition by either Canadian Pacific or Canadian National could affect its cross-border traffic. UP CEO Lance Fritz notes that U.S. regulations require that mergers between Class I railroads must enhance competition and improve service for all shippers. “For […]
MONTREAL – Canadian National today rebutted Canadian Pacific’s criticism of its dueling bid for Kansas City Southern, saying its higher offer is superior, will enhance competition, and clear regulatory hurdles. “Rather than acknowledge the clear and substantial superiority of CN’s proposal for KCS shareholders, CP has sought to distract investors and attack CN’s proposal with a […]
CALGARY, Alberta — Canadian Pacific’s operating profit and revenue declined in the first quarter, but executives said the railway was gaining momentum as volume reached an all-time high in March. Quarterly operating income declined 6%, to $780 million, as revenue declined 4%, to %1.95 billion, CP reported on Wednesday. Earnings per share, adjusted for the impact […]
WASHINGTON — U.S. rail traffic for the week ending April 17 remains far ahead of pandemic-depressed figures for the same week in 2020, and also shows a slight increase over figures for the week ending April 10 of this year. Statistics from the Association of American Railroads show U.S. railroads moved 237,607 carloads for the […]
Automobile unloading Ramps at many early auto-handling facilities were permanently mounted. This Buck ramp on the Louisville & Nashville in 1962 has a full-width platform and can be adjusted to any deck height. Photo by Louisville & Nashville […]
CALGARY, Alberta — Canadian Pacific CEO Keith Creel says there’s no reason to sweeten his railroad’s $29 billion offer for Kansas City Southern because Canadian National’s dueling $33.7 billion bid is so anti-competitive that it would never make it out of the starting gate. Kansas City Southern’s board is considering CN’s unsolicited offer, which was announced […]
Amtrak selects Siemens to build replacements for Amfleet I cars, other aging equipment Amtrak has selected Siemens to build a fleet of 83 intercity trainsets for use on the Northeast Corridor, Palmetto, and various state-supported services. The selection of Siemens as the “preferred bidder” — which is currently building cars for use on state-supported trains […]
WASHINGTON — If Canadian National’s rival bid to acquire Kansas City Southern succeeds, Canadian Pacific would be forced to set off the final wave of railroad consolidation by seeking a merger partner. CP provided this warning in a letter to the U.S. Surface Transportation Board on Wednesday, a day after CN announced that it, too, […]
JACKSONVILLE, Fla. — CSX Transportation’s profits and revenue fell during the first quarter as merchandise and coal traffic declines offset strong intermodal growth. But executives remained optimistic about overall traffic growth this year as the economy continues to recover from the pandemic. “We entered the year projecting volume growth in excess of GDP and still expect […]
Oakland ballpark plan creates grade crossing issues, memo says The head of the agency operating California’s Capitol Corridor Amtrak service has voiced concerns about grade-crossing issues new a proposed new ballpark for the Oakland Athletics. The Waterfront District Ballpark adjacent to Jack London Square will require stadium visitors to cross a busy Union Pacific line […]
CALGARY, Alberta — Canadian Pacific says Canadian National’s competing bid for Kansas City Southern would reduce competition, raise significant regulatory concerns, and upset competitive balance in the North American rail network. CN’s unsolicited $33.7 billion offer, announced Tuesday morning, tops the $29 billion deal CP reached last month to acquire KCS. The KCS board says […]
