News report says Biden administration will seek to address consolidation, pricing by rail and ocean shipping industries

Surface Transportation Board logo

WASHINGTON — The Biden administration wants U.S. regulatory agencies to address consolidation and what it considers to be anticompetitive pricing by railroads and ocean shipping firms, the Wall Street Journal reports in a paywalled article. The Journal — citing a source familiar with the situation — says the administration will issue an executive order this […]

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Kansas City Southern stockholders to vote on merger Aug. 19

Canadian National and Kansas City Southern logos

MONTREAL and KANSAS CITY, Mo. — Kansas City Southern has scheduled an online special meeting of its stockholders for Aug. 19 to vote on the proposed merger with Canadian National. Those holding stock as of July 1 will be entitled to vote on the agreement, under which stockholders will receive $200 cash and 1.129 shares […]

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June rail traffic well ahead of 2020 levels

Weekly table showing U.S. rail traffic

WASHINGTON — U.S. rail traffic remained strong in June, with overall carload and intermodal traffic running 14.5% ahead of the same month in 2020. Year-to-date traffic at the end of the second quarter was up 13.7% compared to pandemic-depressed totals for the first half of 2020, according to statistics from the Association of American Railroads. […]

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Amtrak, Siemens finalize deal for new equipment (updated)

Black and white drawing of new passenger equipment

  WASHINGTON — Amtrak and Siemens Mobility have reached agreement on contracts for 73 to 83 new trainsets to replace Amfleet I and related equipment on Northeast Corridor and state-supported services. A press release from Siemens characterizes the deal as worth $3.4 billion, while Amtrak says the agreement is for $7.3 billion, including a long […]

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CN, KCS make final case for voting trust to federal regulators

Map showing north-south freight routes in central U.S.

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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Brightline acquires 110-acre site for Las Vegas station

Map showing location of planned Brightline West Las Vegas station

LAS VEGAS, Nev. — Brightline has purchased 110 acres at the south end of the Las Vegas strip for the terminal for its planned high speed rail line to Southern California, the company has announced. “Today’s announcement represents another important milestone for the project and is tangible evidence of our commitment and progress,” Brightline Holdings […]

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New report says railroads showed resilience during pandemic

Red locomotive with freight in Illinois

EVANSTON, Ill. — A new report from the Northwestern University Transpotation Center says the U.S. freight rail proved to be reliable and resilient during the COVID-19 pandemic, even as other parts of the nation’s supply chain struggled. The report, available here, was prepared by Northwestern’s Joseph Schofer, Hani Mahmassani, Max Ng, and Breton Johnson. It […]

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