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WASHINGTON — Canadian Pacific’s proposed acquisition of Kansas City Southern has picked up its first support from another railroad company. Shortline railroad operator Genesee & Wyoming has told the U.S. Surface Transportation Board that it backs the merger of the smallest Class I systems. “From our perspective, the proposed transaction should provide improved service options […]
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 April 1, 2021. HO scale locomotives Electro-Motive Division GP38-2 diesel locomotive. New […]
WASHINGTON — A major shipper group plans to challenge the waiver that would permit Canadian Pacific’s proposed acquisition of Kansas City Southern to be reviewed under the Surface Transportation Board’s old, less restrictive merger rules. The National Industrial Transportation League said today that the CP-KCS deal would ultimately harm rail competition. “Based on the significant loss […]
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 […]
CALGARY — On the same day that Canadian Pacific revealed its plan to purchase Kansas City Southern, the company’s board of directors has announced it has amended its contract with President and CEO Keith Creel to keep him in his current position until at least early 2026. The amendment addresses incentive compensation, the company says. […]
News report: Design changes lead to $800 million in overruns for California high speed segment A 65-mile section of California’s high speed rail line in the San Joaquin Valley is facing more than $800 million in cost overruns because of design changes proposed by its contractor as a cost-saving move. The Los Angeles Times reports […]
Union Pacific plans to reopen all intermodal terminals by Friday after closing them earlier this week because of the impacts of winter storms across the nation. In a customer advisory posted Thursday afternoon, the railroad said the Chicago area continued to work through significant snow removal, and additional snowfall in the Little Rock and Pine […]
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 February 18, 2021. HO scale locomotives Electro-Motive Division SD40T-2 diesel locomotive. Southern […]
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 February 11, 2021. HO scale locomotives Electro-Motive Division SDL39 diesel locomotive. Milwaukee […]
The Biden administration’s efforts to kill key oil pipeline projects may boost crude by rail volumes, railroad officials say. President Joe Biden last month revoked a permit for the Keystone XL pipeline that was under construction to carry oil sands crude from Canada to refineries in the U.S. “The pipeline was not going to be […]
Thursday midday rail news: KCS, development firm to develop Wylie, Texas, logistics park Kansas City Southern and NorthPoint Development have announced plans to develop a 220-acre logistics park in Wylie, Texas, adjacent to the railroads’ David L. Starling Wylie Intermodal Terminal. The Wylie Logistics Park, in a northeastern suburb of Dallas, will have the potential […]
The publicly traded Class I railroads will begin reporting their fourth-quarter and full-year financial results Thursday, when Union Pacific and CSX Transportation release their earnings. As a group, earnings for the six Class I systems are expected to rise 5.5%, according to I/B/E/S consensus estimates. That’s far better performance than is anticipated for the large […]
