BRANDON, Manitoba – Alberta’s provincial pension fund will acquire Cando Rail & Terminals from a Canadian private equity firm. Cando, which operates more than 40 industrial switching facilities, nine owned terminals, and one short line, experienced rapid growth while under the control of TorQuest Partners. The deal, announced today (July 20), is the latest in […]
KANSAS CITY, Mo. — Kansas City Southern de Mexico’s exclusive operating concession for its routes in Mexico have been extended by 10 years as part of an agreement with the Mexican government to invest in a new rail bypass route. The agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT) extends the concession […]
LAKE GENEVA, Wis. — Some of the more detailed metrics the Surface Transportation Board has begun collecting as it tracks the rail industry’s service issues could become part of the STB’s regular regulatory oversight, board member Patrick Fuchs said Tuesday. “I do think that some of the service numbers that we have collected are extraordinarily […]
WASHINGTON — Pressure to reduce terminal dwell figures has prompted some Union Pacific yards to routinely depart trains that include misrouted cars simply to get them moving, a UP engineer alleges in a letter sent to federal regulators. Michael Lindsey, a veteran engineer based in Pocatello, Idaho, used a train he ran to Nampa, Idaho, […]
WASHINGTON – Union Pacific has been delivering unit grain trains as scheduled to a major California poultry and feed producer since federal regulators issued an emergency service order last month. But Fowler Farms, the largest chicken producer in the West, is seeking a 90-day extension of the emergency service order, which expired on July 17. […]
LAKE GENEVA, Wis. — It just may be that CSX Transportation CEO Jim Foote is a bit weary of hearing about the evils of Precision Scheduled Railroading. In his customary blunt style, Foote gave that impression Tuesday when speaking to the Midwest Association of Rail Shippers about ongoing service issues for his railroad and the […]
CHICAGO — Inflation is still on the rise, reporting a 9% increase in June, driven in part by higher costs for energy and other commodities hauled by railroads. Updates to the nation’s consumer price index released for June earlier this week noted that inflation rose more than 1% from May as a result of elevated […]
SALT LAKE CITY — A Utah state judge has dismissed a suit seeking to block state funding for the Uinta Basin Railway project, finding nothing improper in use of the funds. The Salt Lake Tribune reports Third District Judge Adam Mow concluded the $28 million in grants ticketed for the rail project from the Utah […]
A postwar Lionel haul unboxing featuring Roger “Professor” Carp and CTT editor Hal Miller. The trains belong to a co-worker who received them from her father. He received his first Lionel train in 1941 – in fact, we have his original no. 1089 set box! Have a look at some of the well-loved and time-worn […]
PALERMO, N.D. — The second of two main lines on BNSF’s Glasgow Subdivision was slated to be reopened about 3 p.m. Sunday after a July 14 derailment involving an intermodal train at Tagus, N.D., near the town of Palermo and about 48 miles west of Minot. BNSF said in a customer advisory that the first […]
WASHINGTON — Preventing a national rail strike that could have begun Monday, July 18, President Joe Biden has established a Presidential Emergency Board to investigate the ongoing dispute between railroads and workers. Biden will name the members of the three-person board, whose members can not have any financial or other interest in either a rail […]
WASHINGTON — Canadian Pacific and Kansas City Southern — responding to critics, skeptics, and opponents — told federal regulators this week that their proposed merger is in the public interest and should be approved. The railroads, in a three-volume, 4,374-page filing, argued that the first merger of Class I railroads in two decades should sail through […]
