The railroad industry’s chickens have come home to roost. Before he retired in 2019, BNSF Railway Executive Chairman Matt Rose warned that the other Class I railroads were inviting regulatory risk by adopting Precision Scheduled Railroading, reducing service, and demarketing some types of traffic in pursuit of higher profits. “We have this common-carrier obligation to […]
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WASHINGTON — CSX Transportation has told federal regulators that it has improved service for chemical and fertilizer shippers, who had complained about widespread delays and congestion in a June letter to the Surface Transportation Board. The American Chemistry Council, the trade group representing chemical producers, had asked the board to put CSX under additional oversight […]
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MONTREAL — Canadian National’s second-quarter earnings bounced back from the pandemic amid growth in virtually every traffic segment, the railway said on Tuesday. “Our results reflect broad-based trends and forward momentum across all of our business, and also the enduring power of our vast and diversified CN network,” CEO JJ Ruest told investors and analysts on […]
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LAKE GENEVA, Wis. – Surface Transportation Board Chairman Martin J. Oberman fully supports the White House’s call for more competition in the rail industry and questions whether Class I railroads are shirking their obligations as common carriers due to pressure from Wall Street. Oberman, addressing the Midwest Association of Rail Shippers today, said the Biden administration’s […]
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WASHINGTON – President Joe Biden signed an executive order Friday afternoon that encourages the Surface Transportation Board to adopt rail regulatory reforms that shippers have long sought to promote competition. Among the potential changes sure to rile freight railroads: Rules that would permit reciprocal switching for captive shippers and removal of so-called bottleneck restrictions that […]
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WASHINGTON — Responding to comments made to the Surface Transportation Board on their voting trust proposal, Canadian National and Kansas City Southern have made their final case for approval of a voting trust while the CN-KCS merger is being considered by regulators, rebutting at length claims made by rival Canadian Pacific. The Tuesday filing, available […]
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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 July 8, 2021. HO scale locomotives General Electric U23B diesel locomotive. New […]
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KANSAS CITY — Kansas City Southern and Midstream Texas Operating are combining to build a new transload facility for petroleum and petrochemical products in Corpus Christi, Texas, for shipment into Mexico, the companies announced this week. The facility will be built by MTO on property leased from KCS. When operations begin, which is expected to […]
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WASHINGTON – Canadian National says it now has more than 1,700 letters of support for its proposed merger with Kansas City Southern. But in a flurry of regulatory filings submitted before a deadline on Monday, opposition grew to CN’s plan to put KCS in a voting trust while the merger is under review. Major shipping […]
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MONTREAL – Canadian National and Kansas City Southern note that their proposed combination continues to gain support, with letters from customers, suppliers, elected officials, and other stakeholders being filed with the Surface Transportation Board. Nearly 200 additional letters have been sent to CN and KCS and filed with the STB, bringing the total number of […]
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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 July 1, 2021. HO scale locomotives Union Pacific class FEF-3 4-8-4 steam […]
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Contradicting national leader, three local union groups support CN-KCS voting trust; another union also expresses support Three local committees of the Sheet Metal, Air, Rail and Transportation Union Transportation Division(SMART-TD) representing Canadian National workers have filed letters of support for the CN-Kansas City Southern voting trust proposal, CN says in a press release. The union’s […]
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