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WASHINGTON – Federal regulators have indefinitely postponed Canadian National’s proposed sale of former Wisconsin Central branches to short line operator Watco. The Surface Transportation Board ordered Watco to respond to concerns that some shippers, shipper associations, and U.S. Rep Tom Tiffany, R-Wis., have raised about the sale of 650 miles of light density branches, including […]
MONTREAL — Canadian National has ordered 75 locomotives for delivery this year and next in order to handle projected traffic growth. CN, which made the announcement on Monday during its quarterly earnings call, is the only Class I railroad to place a locomotive order this year. The railway’s board approved the order before CN made its […]
MONTREAL — Canadian National has raised its financial outlook for the year amid record first-quarter intermodal and Canadian grain volumes, and expectations for continued economic improvement that will boost merchandise traffic. CN now expects volume to grow in the high single-digit percentage range this year, up from around 5% forecast in January, executives said while […]
MONTREAL — Canadian National could finalize a merger deal with Kansas City Southern in the next 30 to 40 days, executives said today. With the KCS board agreeing over the weekend to consider CN’s unsolicited $33.7 billion merger offer, CN tomorrow will begin poring over confidential KCS data and negotiating a final merger agreement. Rival […]
CALGARY, Alberta — A combined Canadian National and Kansas City Southern system would reduce railroad competition across wide swath of its expanded service territory, which would pose a regulatory challenge to a potential merger, Canadian Pacific CEO Keith Creel says. “The competition between KCS and CN is not limited to a ‘handful’ of shippers as CN […]
Exo, the Montreal-area commuter railroad, has donated a gallery coach, to Exporail, the Canadian Railway Museum in Saint-Constant, Quebec, on Montreal’s south shore. AMT No. 900 — the abbreviation refers to Exo predecessor Agence métropolitaine de transport — was moved to the museum on Friday from Exo’s Pointe St-Charles maintenance facility. The transit agency had […]
National Steel Car stops manufacturing because of virus outbreak Canadian freight car manufacturer National Steel Car has voluntarily shut down because of a COVID-19 outbreak in its manufacturing division. Global News reports the company in Hamilton, Ont., announced the decision on Friday, saying the closure will last for two weeks and was made in consultation […]
OMAHA, Neb. — Union Pacific is closely watching the battle for Kansas City Southern and how an acquisition by either Canadian Pacific or Canadian National could affect its cross-border traffic. UP CEO Lance Fritz notes that U.S. regulations require that mergers between Class I railroads must enhance competition and improve service for all shippers. “For […]
CALGARY, Alberta — Canadian Pacific’s operating profit and revenue declined in the first quarter, but executives said the railway was gaining momentum as volume reached an all-time high in March. Quarterly operating income declined 6%, to $780 million, as revenue declined 4%, to %1.95 billion, CP reported on Wednesday. Earnings per share, adjusted for the impact […]
Chicago Transit Authority begins testing in-service of new railcars on Blue Line The Chicago Transit Authority announced Wednesday it has begun in-service testing for its newest railcars, the 7000-series cars being built by CRRC Sifang, an affiliate of Chinese rail equipment giant CRRC, at its Hegewisch plant on Chicago’s Far South Side. The cars are […]
Oakland ballpark plan creates grade crossing issues, memo says The head of the agency operating California’s Capitol Corridor Amtrak service has voiced concerns about grade-crossing issues new a proposed new ballpark for the Oakland Athletics. The Waterfront District Ballpark adjacent to Jack London Square will require stadium visitors to cross a busy Union Pacific line […]
Canada’s federal budget includes funds for VIA high-frequency rail, other infrastructure projects Canada’s federal budget unveiled on Monday includes $4.4 million for continued planning work on VIA Rail Canada’s proposed “high frequency rail” project, which would provide a separate, passenger-only route for part of the corridor between Toronto and Quebec City. Global News reports the […]
