CINCINNATI — Norfolk Southern has offered to buy the Cincinnati Southern Railway, the route owned by the city of Cincinnati that it currently leases, for more than $1.6 billion. A meeting to consider the sale will be held Monday, Nov. 21, according to the Cincinnati Southern website. The meeting, set for 1 p.m. EST in […]
ALAMOSA, Colo. — In late bidding that trustee William Brandt described as “spirited” to a local newspaper, a short line owned by a Colorado billionaire has won the bankruptcy auction for the San Luis & Rio Grande Railroad. The Colorado Pacific Railroad, owned by Stefan Soloviev, a billionaire farmer and son of late New York […]
LOS ANGELES — Southern California authorities say they have broken up two crime rings involved in thefts from Union Pacific intermodal trains that drew national attention last year because of images of the trackside area awash in empty boxes left behind after containers were broken into and their contents were stolen — activity that reportedly […]
PITTSBURGH — Engineering and consulting firm Michael Baker International will lead program and construction management for projects in the Transforming Rail in Virginia initiative, CSX Transportation has announced. Some $3.7 billion in design and construction projects between Washington, D.C., and Richmond, Va., are involved. The Virginia Passenger Rail Authority is the lead state agency in […]
PARIS, Mo. — A westbound Norfolk Southern manifest freight train derailed after colliding with a semi-trailer truck at a grade crossing on Highway 15 near Paris, Mo., on Thursday, Nov. 17th. According to the Missouri State Highway Patrol, an occupant in the truck and the locomotive engineer suffered minor injuries and were treated at the […]
NEW YORK — Railroads will not regain market share lost to trucks unless they shift to traffic growth mode, transform their operations, and provide service that’s far more reliable than ever. That’s the view of Oliver Wyman partner Adriene Bailey, who this week outlined four big steps railroads must take in order to deliver the […]
CHICAGO — Spot market prices in the freight transportation sector are trending downward during a time when freight companies typically ship peak volume for the holiday season. High inflation, fears about the economy’s future, and a slowdown in consumer spending mean less freight is needed to replenish already above-normal retail inventories. These circumstances are a […]
Railroads are attracted to extremely long trains like a moth to a flame. And sometimes they get burned from this unhealthy obsession. A case in point: In October CSX Transportation ran two overlength merchandise trains at each other on its single-track mainline between Savannah and Augusta, Ga. The plan was to do a double saw-by […]
NEW YORK – Surface Transportation Board Chairman Martin J. Oberman unleashed a barrage of criticism at the big four U.S. Class I railroads during the RailTrends conference on Wednesday, claiming that their crew shortages are self-inflicted and that the resulting service problems are damaging the economy. The service meltdown was brewing long before the pandemic, […]
CHICAGO — It’s been five years since Canadian Pacific and retail giant Canadian Tire Corp. unveiled North America’s first 60-foot intermodal container, and intermodal analyst Larry Gross says the larger container type is probably going to remain exclusive to Canada for the foreseeable future. CP and Canadian Tire launched service with the larger container in […]
Although its tracks didn’t reach the first and last places in its name, the 110-mile Toronto, Hamilton & Buffalo served several important points in southern Ontario. Here, maroon-and-cream GP7 No. 76 and GP9 No. 402 lead a Toronto–Coburg freight on the rails of TH&B parent Canadian Pacific in April 1976. A. J. Sutherland photo […]
OMAHA, Neb. — Union Pacific once again will meter traffic to limit congestion if certain customers don’t voluntarily reduce the number of private freight cars operating on the railroad. UP informed shippers last week, Trains News Wire has learned. “Union Pacific regularly reviews our network to monitor for elevated inventory,” UP spokeswoman Robynn Tysver says. […]
