NEW YORK — Railroads have a stark choice. They can maintain their focus on the operating ratio, continue to bleed traffic to the highway, and lose $177 billion in revenue by 2030. Along the way railroads would shrink in line with declining volume, meaning track would be torn up, real estate sold off, railcars scrapped, […]
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WASHINGTON – Union Pacific has asked federal regulators to delay and extend their review of the proposed merger of Canadian Pacific and Kansas City Southern. UP wants the Surface Transportation Board to treat the CP-KCS merger application as if it were filed on Dec. 15, some 47 days after it was actually filed. UP contends […]
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Product news 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 November 18, 2021. HO scale locomotives Electro-Motive Division F units. F9A and […]
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WASHINGTON — BNSF Railway and Canadian National have raised issues with federal regulators’ timeline for review of the proposed Canadian Pacific-Kansas City Southern merger. BNSF, in a filing posted today on the Surface Transportation Board’s website, said the 90-day comment period was insufficient given the ramifications of how the merger would affect traffic moving between […]
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CHICAGO — CEOs of three Class I railroads head the list of speakers for January’s Midwest Association of Rail Shippers meeting, set for Jan. 12-13, 2022, at the Westin Chicago Lombard. The theme of the meeting will be “Restarting the Supply Chain with Rail.” “There has never been a more important time for rail industry […]
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Product news 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 November 11, 2021. HO scale locomotives Electro-Motive Division SD60M “tri-clops” diesel locomotive. […]
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Canadian Pacific and Kansas City Southern have scheduled special stockholder meetings for votes on their proposed merger. Both meetings will be conducted online. CP will go first, on Dec. 8 at 11 a.m. EST, for shareholders to vote on the issuance of CP common shares for KCS stockholders. All shareholders of CP common stock as […]
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WASHINGTON — The Surface Transportation Board has laid out a 245-day schedule for submission of evidence and arguments on the merger application for Canadian Pacific and Kansas City Southern under a proposal released Tuesday afternoon — envisioning a longer process than the railroads had hoped for. The 245-day plan would proceed from last Friday, Oct. […]
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WASHINGTON – Canadian Pacific and Kansas City Southern say their proposed merger will generate significant traffic growth, with daily train counts on the combined system’s north-south spine projected to more than double within three years. The traffic details were among those included in the railways’ 4,342-page, 1-gigabyte merger application filed with U.S. regulators late Friday. […]
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Kalmbach Media is making holiday shopping a little easier with a well-rounded gift guide for the railfan or train enthusiast in your life. Whether the person is a hard-to-shop for family member, a train-curious acquaintance, or someone in between, Kalmbach has you covered. 10 items top our list this year — each selected from the […]
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MONTREAL — Canadian National has issued a seven-page document regarding the proxy fight led by activist investor TCI Fund Management in which it says TCI’s “motives are highly suspect and its approach to railroading is outdated, myopic, and destructive to longer-term value.” The “Letter to Stockholders” issued Tuesday morning by the CN board of directors […]
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CALTZONTZIN, Mexico — The latest blockade of Kansas City Southern de Mexico tracks by a Mexican teachers’ union has ended after 91 days, Mexico Daily News reports. National Guard troops cleared the tracks in the state of Michoacán on Sunday afternoon, and KCSM trains were expected to begin running the same day. An industry association […]
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