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Independent analyst Anthony B. Hatch is fond of saying that one of freight railroads’ enduring advantages is owning and maintaining their own infrastructure. Nothing could drive that point home better than the repair blitz that Union Pacific launched after its 1,200-foot Dry Canyon Bridge sustained heavy damage from a wildfire. The 150-foot-tall span in Hotlum, […]
MIAMI — Brightline President Patrick Goddard announced Tuesday the company will resume hourly West Palm Beach-Miami trains in “the first half” of November, with the exact date still to be determined. When service returns, Brightline plans a major innovation designed to create a seamless experience for passengers. The company is collaborating with software company lomob […]
BRIDGEPORT, N.J. — A well-known 1960s and 1970s short line and tourist railroad steam locomotive is back. SMS Rail 0-6-0 No. 9, an Army brat built by Alco in 1942, test-fired Saturday for the first time following a 12-year restoration, just two days shy of when it was taken out of service in 1981. The […]
CALGARY, Alberta — Canadian Pacific on Tuesday sweetened its offer for Kansas City Southern in the hopes that regulatory uncertainty would unravel Canadian National’s merger agreement with KCS. CP boosted its bid by $2 billion, which values KCS at $300 per share. That’s $25 per share higher than CP’s previous offer but still $25 below […]
MONTREAL — The first trains are expected to start rolling next summer on Montreal’s new Réseau express métropolitain (REM) light rail commuter system, at $6.5 billion the biggest transit project since the city’s underground Metro 50 years ago. The four-line, 67-kilometer (41.6-mile), 26-station network will connect the island city’s burgeoning south shore suburbs along the […]
OTTAWA, Ontario — The Transportation Safety Board is deploying a team of investigators following a incident that saw the derailment of one axle of a train on Ottawa’s light rail Confederation line, shutting down the line on Monday. The CBC reports the incident occurred about 8:30 p.m. Sunday when an out-of-service train was changing tracks […]
PLYMOUTH, Mich. — The Plymouth Historical Museum has signed an agreement to bring the Pere Marquette Historical Society, Inc., archives to the museum. The agreement was signed Aug. 6. “As someone who has been a member of the society since the very beginning and was fortunate enough to know several of the founders of the […]
CALGARY, Alberta — Is Canadian Pacific preparing a higher offer for Kansas City Southern? The Wall Street Journal is reporting (paywalled) that CP’s board met today to authorize a new offer worth about $300 per share. That’s up about $25 from CP’s final offer to KCS, but still short of Canadian National’s offer that’s valued […]
ALBUQUERQUE, N.M. — Steam enthusiasts celebrated last month when Santa Fe 4-8-4 No. 2926 emerged from a 20-year overhaul on July 24 to move under its own power for the first time since 1953. That major milestone is good news for the 1944 Baldwin and a great accomplishment for the volunteers of the New Mexico […]
BISMARCK, N.D. — Approximately 15 cars of a BNSF coal train derailed Sunday afternoon in Bismarck, KX TV news reports. No injuries were reported. Bismarck police and fire and the Burleigh County Sheriff’s responded to the incident just outside the southeast border of the city limits. The derailment initially blocked one roadway, Yegen Road, but […]
FORT WORTH, Texas – BNSF Railway’s second-quarter earnings improved as volume and revenue surged compared to a year ago, when the onset of the pandemic led to historic traffic declines. BNSF’s operating income rose 32.5%, to $2 billion, as revenue increased 26%, to $5.6 billion, the railroad’s parent company, Berkshire Hathaway, reported on Saturday. The […]
KANSAS CITY, Mo. — A shareholder advisory firm has recommended that Kansas City Southern investors approve Canadian National’s $33.6 billion offer to acquire the company. Institutional Shareholder Services, in a report issued Friday, said that the “premium, valuation, and strategic rationale for the transaction are compelling.” KCS shareholders are scheduled to vote on the deal […]
