Trains.com Video is undergoing maintenance. During this time, you may be unable to access some videos while we work to update your user experience. However, you will still be able to access all the other great content you love on Trains.com!
WASHINGTON — Canadian Pacific and Kansas City Southern have filed their merger application with the Surface Transportation Board, meeting the companies’ goal of delivering the document to regulators before the end of October. In a press release sent Friday at 10:40 p.m. EDT, the companies said the application to create new combined company Canadian Pacific […]
KANSAS CITY — Kansas City Southern will collaborate on a vehicle distribution center in Central Mexico capable of handling up to 10,000 vehicles when fully built out, the railroad has announced. The facility will handle both inbound and outbound vehicle traffic. KCS will collaborate with Suministros Industriales Potosinos SA de CV (SIPSA) and TransDevelopment Group […]
Electro-Motive Division’s GP30 was a pioneer of sorts: a herald of the second generation of diesel-electric locomotion on American railways. By 1960 most American railroads had an idea of what worked and what didn’t cut it in diesel operations. Watch Lionel’s Legacy GP30 run here. Builders such as Alco, Baldwin, Lima-Hamilton, and Fairbanks-Morse fell to […]
CALGARY, Alberta — Higher fuel costs and a disappointing Canadian grain crop weighed on Canadian Pacific’s third-quarter profits, the railway reported today. “There’s certainly challenges ahead as we look forward to our base business. We’ve got a smaller Canadian grain crop, we’ve got some supply chain issues, challenges, that the balance of the industry is also […]
KANSAS CITY, Mo. — Sameh Fahmy, Kansas City Southern’s executive vice president, precision scheduled railroading, will leave KCS by year’s end, the railroad has announced. Fahmy joined KCS in January 2019. Since then, the railroad says it has increased train velocity by 37%, decreasing freight car dwell by 18%, enacted double-digit reductions in equipment, and […]
KANSAS CITY, Mo. — Kansas City Southern will use rail logistics platform Commtrex to improve the visibility and connectivity of its network of more than 100 transload facilities in 19 U.S. and Mexican states. The agreement announced Monday joins the railroad’s transload network with a platform that allows shippers to find transload centers by location, […]
CALGARY, Alberta — Canadian Pacific’s Holiday Train will again be sidelined by COVID-19 considerations in 2021, but the railroad will continue with the actions it took in 2020, donating to food banks and holding an online benefit concert. “The spirit of the Holiday Train is about giving generously and inspiring those around us to give […]
Traffic on the big six Class I railroads was a mixed bag in the third quarter, as three systems saw gains versus a year ago and three experienced volume declines. For the third quarter, which ended Sept. 30, total volume on the big six systems was up an average of 0.5%, according to a Trains […]
LONDON – The war of words continues between Canadian National and TCI Fund Management, its second-largest investor. TCI, which seeks to oust CN CEO JJ Ruest and has nominated four directors to serve on CN’s board, today disputed claims that CN made on Monday. CN yesterday set March 22 as the date it will hold […]
MONTREAL – Canadian National has set March 22 as the date when shareholders will vote on activist investor TCI Fund Management’s proposal to oust CEO JJ Ruest and four members of the railway’s board. TCI, which argues that CN has underperformed financially and operationally in recent years, has agreed to the date of the special shareholder […]
MONTREAL – Canadian National has fired back at activist investor TCI Fund Management, which has called for a management shakeup at the railway. CN today said TCI has made numerous “false or misleading” claims about CN’s financial performance and the risks related to the railway’s failed pursuit of Kansas City Southern. CN says TCI has not […]
WASHINGTON — The Surface Transportation Board has reaffirmed its previous approval of a voting trust for the proposed merger of Canadian Pacific and Kansas City Southern, saying the approval granted for CP’s original bid for KCS applies to the amended notice of the companies’ intent to merge. In May, the STB approved the planned use […]
