Eager to tie the knot, Union Pacific and Norfolk Southern have asked federal regulators for a faster review of their proposed transcontinental merger, Trains has learned. The Surface Transportation Board in September proposed a roughly 390-day schedule to review the railroads’ $85 billion deal. The calendar includes wiggle room that would allow the board to […]
CALGARY, Alberta — Canadian Pacific Kansas City reported higher quarterly profits on Wednesday as volume and revenue both increased despite ongoing economic uncertainty and trade tensions in North America. “CPKC once again created profitable, sustainable growth in the third quarter, while navigating challenging macroeconomic conditions,” CEO Keith Creel said in a statement. “Through our powerful […]
Norfolk Southern didn’t mind being late to the AC-traction party. And NS wasn’t just fashionably late, either. As Burlington Northern, Canadian Pacific, CSX, and Union Pacific gravitated toward AC locomotives in the mid 1990s, NS stuck with DC, saying it couldn’t justify the higher cost of AC-traction units. Even little Kansas City Southern jumped aboard […]
JACKSONVILLE, Fla. — CSX CEO Steve Angel has made changes to the executive team a month after arriving at the railroad. Kevin Boone, the railroad’s executive vice president and chief commercial officer, today was named chief financial officer, replacing Sean Pelkey, who departed the company. Maryclare Kenney was promoted to senior vice president and chief […]
EAST LANSING, Mich. — The Union Pacific-Norfolk Southern merger is unlikely to revive carload traffic — and it’s an open question whether it can unlock intermodal growth because of broader economic trends that are beyond railroads’ control, a Michigan State University supply chain management professor said during a webcast today. UP says its proposed $85 […]
PRINCETON, N.J. — TRAC Intermodal has reached an agreement with Florida East Coast Railway that allows TRAC Intermodal to stage 53-foot domestic chassis directly at the Sunshine State railway’s terminals. This partnership will support FEC-controlled business and introduces a standardized domestic chassis fleet. The companies said, in an announcement on Monday, that their collaboration reflects […]
Norfolk Southern and Union Pacific have launched their new domestic interline intermodal service linking Louisville, Ky., with UP terminals via interchange at Kansas City, Kan. GE Appliances is among the anchor customers on the service, which first rolled on Oct. 20, NS said today. The railroads announced the joint service on Sept. 15, roughly six […]
WASHINGTON — Amtrak has posted a video update showing progress made to date on its $1.3 billion Connecticut River Bridge Replacement Project on the Northeast Corridor. The new span is being built next to the existing 1907 bridge that links Old Saybrook and Old Lyme, Conn. Construction began late last year, with completion eyed by […]
OMAHA, Neb. — Union Pacific plans to send Big Boy No. 4014 on a transcontinental trip next year as part of the nation’s 250th anniversary celebrations. “I want to run Big Boy across the country,” CEO Jim Vena told Trains on Thursday. Vena says that he’s had discussions with Norfolk Southern CEO Mark George about […]
ATLANTA — Norfolk Southern touted efficiency gains, strong service levels, and safety improvements as third-quarter revenue fell short of expectations and competitive pressure ratcheted up from BNSF and CSX. “Norfolk Southern delivered another quarter of strong results on safety, service, and productivity through a dynamic freight market,” CEO Mark George said today (Thursday, Oct. 23). […]
OMAHA, Neb. — Union Pacific CEO Jim Vena says shipper associations and other railroads have whipped up some whoppers about UP’s proposed acquisition of Norfolk Southern — even before their merger application has been filed with federal regulators. “It’s truly amazing that they know already what we’re putting in the merger application,” Vena quipped during […]
OMAHA, Neb. — Union Pacific was firing on all cylinders during the third quarter, as pricing gains and record workforce productivity and fuel consumption led to higher profits despite flat volume. “We are focused on driving continued improvements in our pursuit of what’s possible … Core pricing gains and continued operational efficiencies drove the strong […]
