EDMONTON, Alberta — The Canada Infrastructure Bank has reached financial close on a $72.1 million (U.S.) loan to Cando Rail & Terminals for expansion of its Sturgeon Terminal in the Alberta Industrial Heartland. The project will double the size of the terminal, which currently handles car supply for a dozen industrial customers in the Edmonton […]
LAGUNA BEACH, Calif. — Norfolk Southern CEO Mark George says the rail industry is ready to put periodic service crises in the rearview mirror — and regain market share lost to trucking in the process. “We went through … more than a decade where service crises happened every couple of years,” George told an investor […]
LAGUNA BEACH, Calif. — Union Pacific CEO Jim Vena and Norfolk Southern CEO Mark George say the interline partnerships that BNSF, CSX, and Canadian National have announced recently are proof that the proposed UP-NS merger will boost railroad competition. “Just the mere idea of having a transcontinental railroad has already enhanced competition … And I […]
CSX and Canadian National today announced they plan to develop a new interline intermodal service linking Nashville, Tenn., with Vancouver and Prince Rupert, British Columbia. This international container traffic currently runs over CN to Memphis, where it is then trucked to Nashville. Once the railroads finalize their deal, the loads will run via CSX between […]
WASHINGTON — The Justice Department and Norfolk Southern today reached a settlement in the right of preference lawsuit the government brought last year regarding the railroad’s handling of Amtrak’s Crescent. The Justice Department — in only the second case of its kind since Amtrak was granted the right of preference in 1973 — had alleged […]
WASHINGTON — Members of the International Brotherhood of Electrical Workers have overwhelmingly approved a new contract with Union Pacific, the union announced today. IBEW International President Kenneth W. Cooper said the agreement “reflects a new era of partnership and progress that recognizes the important contributions of IBEW-represented railroad electricians while embracing the challenges and opportunities […]
NICHOLASVILLE, Ky. — R.J. Corman Railroad Group today promoted Alín Campián to executive vice president and chief financial officer. “Since joining the company in 2020, Alín’s contributions have been absolutely transformative, driving major positive change across our organization,” R.J. Corman CEO Justin Broyles said in a statement. “His visionary leadership and unwavering commitment to excellence […]
WASHINGTON — Pinsly Railroad Co. will acquire 36-mile Alabama short line Three Notch Railway from Genesee & Wyoming. The Georgiana & Andalusia Railroad will purchase the track and assume Three Notch’s lease arrangements with CSX. Three Notch Railway has operated the trackage since 2011. “However, the condition of the track deteriorated over time, and no […]
BNSF Railway will open a pint-sized intermodal terminal in Oklahoma City in November to serve Hobby Lobby Stores. The 42-acre facility will streamline the craft retailer’s supply chain and allow loaded containers to move directly from the ports of Los Angeles and Long Beach to its network of distribution centers in Oklahoma City, the companies […]
WASHINGTON — The trade group representing chemical manufacturers says a Union Pacific-Norfolk Southern merger would reduce rail competition and increase freight rates, which in turn will contribute to inflation that will harm American consumers, manufacturers, and farmers. “The additional costs that are the likely result of this merger are ultimately going to hit everyday Americans,” […]
WASHINGTON — Amtrak’s board of directors will once again provide live streaming of a portion of its next meeting, set for Wednesday, Sept. 10. The live stream is set for noon to 1 p.m. ET. Members of the public who wish to watch on Zoom must register in advance here. There will be no public […]
WASHINGTON — Federal regulators today gave the green light to Watco’s acquisition of the 420-mile Michigan regional Great Lakes Central Railroad. Watco has been an equity investor in the GLC since 2013 and in March sought to have its acquisition of the railroad exempt from Surface Transportation Board review, which is common in straightforward shortline […]
