STB accepts CSX Transportation’s Pan Am merger application

Front of a train

WASHINGTON – The Surface Transportation Board has accepted CSX Transportation’s beefed up Pan Am Railways merger application and established a schedule for reviewing the deal that would expand CSX’s presence in New England. If the board approves the deal, Pan Am would become a fallen flag on May 1, 2022. Comments on the merger are due […]

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Veteran journalist Dan Machalaba, Trains author, dies at 72

Head and shoulders of man with white hair and glasses

For veteran business writer and Trains author Dan Machalaba, there was virtually nothing about transportation that wasn’t fascinating. Big-rig trucks, coal-hauling unit trains, bush planes, container ships — all of them drew his scrutiny at one time or another in a journalism career that spanned more than four decades, including 33 years at the Wall […]

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Canadian Pacific asks KCS stockholders to vote against merger with CN

Logos for Canadian National, Canadian Pacific, and Kansas City Southern

CALGARY, Alberta — Canadian Pacific is asking Kansas City Southern stockholders to vote against the railroad’s proposed merger with Canadian National. The railroad filed a proxy statement to that effect on Thursday, with Canadian Pacific CEO Keith Creel saying his railroad would have preferred not to appeal to the KCS shareholders, but that with a meeting […]

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Shipper coalition urges federal regulators to permit reciprocal switching

Surface Transportation Board logo

WASHINGTON – A coalition representing a broad range of rail shippers has asked the Surface Transportation Board to increase competition among railroads by finalizing rules that would permit reciprocal switching. “Given the dramatic concentration of market power in the railroad industry, rethinking policies designed for a different era is both timely and smart. Reciprocal switching […]

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Canadian Pacific reports record financial and safety results

Tank train passing signals on open prairie

CALGARY, Alberta — Canadian Pacific set quarterly records for revenue, earnings, and adjusted operating ratio as second quarter volume bounced back from last year’s pandemic lows. “Behind those numbers obviously is a very impressive operating performance,” CEO Keith Creel says, rattling off a list of key metrics that improved, including train length and weight and […]

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Norfolk Southern outlook brightens after record second quarter

Black locomotives lead train through curve

NORFOLK, Va. — Buoyed by strong volume and revenue growth, Norfolk Southern lifted its outlook for the year as it reported record second-quarter financial results on Wednesday. “We are even more confident about growth for the balance of this year,” CEO Jim Squires told investors and analysts on the railroad’s earnings call. The railroad now […]

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