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WASHINGTON — Canadian Pacific Kansas City and Iowa Interstate on Friday asked federal regulators to designate Canadian National’s proposed acquisition of Iowa Northern as a “significant” transaction that would require a longer and more rigorous review process. Last week the Surface Transportation Board accepted CN’s application to acquire Iowa Northern and said the $230 million […]
WASHINGTON – Federal regulators have concluded that construction of the proposed Savage Tooele Railroad in Utah would have no impact on the environment provided that mitigation measures are followed. The Surface Transportation Board’s Office of Environmental Analysis on Friday released its final environmental assessment for the proposed short line, which aims to revive Union Pacific’s […]
TORONTO — EdgePoint Investment Group, which has a $960 million stake in Norfolk Southern, today praised the proxy battle that activist partner Ancora Holdings is waging against the railroad. “EdgePoint supports the changes proposed by Ancora to NSC’s board of directors and management team,” EdgePoint said in a statement. Ancora has proposed a majority slate […]
WASHINGTON — The Surface Transportation Board on Friday approved an emergency request to allow short line company Chicago, Rock Island & Pacific Railroad to provide service for 30 days on the line formerly operated by the Blackwell Northern Gateway Railroad, shut down in February by the Federal Railroad Administration for safety reasons. The State of […]
RICHMOND, Va. — Virginia legislation requiring two-person crews for freight trains in the state has passed the legislature and been sent to Gov. Glenn Youngkin for his signature, the Virginian-Pilot newspaper reports. The bill that passed narrowly passed both houses of the General Assembly — 51-49 in the House of Delegates, and 20-19 in the […]
LOWER SAUCON TOWNSHIP, Pa. — National Transportation Safety Board investigators have released control of the site of Saturday’s collision and derailment involving three trains to Norfolk Southern for its crews and contractors to address cleanup, the Allentown Morning Call reports. The NTSB turned the site over to NS late this afternoon [Sunday, March 3], but […]
LOWER SAUCON TOWNSHIP, Pa. — The National Transportation Safety Board is investigating a derailment involving three Norfolk Southern trains that occurred today (Saturday, March 2) near Allentown, Pa., the safety agency said on social media site X. The incident sent two locomotives partially into the adjacent Lehigh River; NS reported diesel fuel and a small […]
EXETER, Neb. — One crew member was transported to a hospital with minor injuries after a BNSF intermodal train struck a semi-truck and derailed today (Friday, March 1) near Exeter, Neb., KOLN-TV reports. Fifteen to 20 railcars derailed, according to the Fillmore County Sheriff’s Office. The collision occurred about 10 a.m. , just west of […]
ST. CATHARINES, Ontario — The GIO Railway ended service to downtown St. Catherines today (Friday, March 1), effectively removing the north end of GIO’s Niagara network from service and halting nearly 150 years of rail service to the city’s downtown. GIO’s final train operated over two days because of mechanical issues, beginning its trip on […]
WASHINGTON — The head of the Federal Railroad Administration has questioned Union Pacific’s commitment to safety after the furloughs of shop workers who maintain the railroad’s freight cars and locomotives. Meanwhile, the Transportation Trades Department of the AFL-CIO has asked the FRA to conduct random focused inspections at BNSF Railway in the wake of the […]
CLEVELAND – Activist investor Ancora Holdings has asked the Norfolk Southern board to explain why it gave CEO Alan Shaw a 37% raise last year despite presiding over the industry’s worst financial results, poor stock performance, and the railroad’s “ineffective and tone-deaf response” to the hazardous materials derailment in East Palestine, Ohio. “It is astonishing […]
Associations representing railroad shippers say they’re concerned about Ancora Holdings’ proxy battle at Norfolk Southern, fearing that the activist investors will put an emphasis on boosting short-term profits at the expense of service. “Seems as if NS is making strides on improving service which, to a certain degree, means abandoning some of the Precision Scheduled […]
