WASHINGTON — Canadian Pacific and Kansas City Southern have vastly overestimated traffic and revenue growth that would flow from their proposed combination, making the rest of their merger application a house of cards, Canadian National claims in a regulatory filing. The CP-KCS merger application is so “riddled with errors” that the Surface Transportation Board should not […]
WASHINGTON — The Surface Transportation Board has granted CSX Transportation’s request to delay the hearing on Amtrak Gulf Coast service, which was unopposed by Amtrak and the other parties to the case. The evidentiary hearing, which had been scheduled to begin March 9, will now be held April 4-5, with April 6 and April 8 […]
WASHINGTON — A coalition of Chicago suburbs says it would cost between $5.5 billion and $9.5 billion to mitigate the impact of the Canadian Pacific-Kansas City Southern merger on their communities. That’s more than the entire price tag of the CREATE program, which aims to spend $4.6 billion on 70 rail improvement projects across the […]
The Lionel no. 3429 helicopter car was the company’s answer to get more kids to buy its products in the late 1950s. It was an attempt to get away from a product line the public regarded as old-fashioned. The company’s creative minds decided to make items Lionel could link the trains to popular military and […]
WASHINGTON — The Surface Transportation Board has clarified its decision allowing a Minnesota shipper’s complaint against Union Pacific — alleging the railroad had violated its common-carrier obligation by reducing service — saying it will consider granting relief only from the date of its original decision in November. Sanimax USA of South St Paul, Minn., processes […]
OMAHA, Neb. — BNSF Railway produced record profits in 2021 amid broad growth in traffic and revenue. For the year, BNSF’s operating income surged 13.7%, to $8.8 billion, as revenue rose 11.6%, to $22.5 billion, the railroad’s corporate parent, Berkshire Hathaway, reported on Saturday. The railroad’s operating ratio improved 0.7 points to a record 60.9%. […]
WASHINGTON – A U.S. DOT report critical of railroads discusses pandemic-related supply chain problems and cites concerns with Precision Scheduled Railroading, Class I railroad consolidation, and rising railroad rates. Among the recommendations in the 141-page report, released on Thursday in response to a Biden administration executive order issued a year ago: Increased regulation of freight […]
ITASCA, Ill. — Some two months after announcing plans to do so, eight western Chicago suburbs have formalized their formation of a coalition to address concerns over the impact of the Canadian Pacific-Kansas City Southern merger. And while many communities along the routes of the CPKC, the company that would be formed by the merger, […]
WASHINGTON — The latest weekly U.S. rail traffic figures show a massive increase over the same week last year — a reflection of a week in 2021 when rail traffic experienced massive weather disruptions. Statistics from the Association of American Railroads show U.S. railroads handled 497,822 carloads and intermodal units for the week ending Feb. […]
WASHINGTON — CSX Transportation has asked for a delay in the evidentiary phase of the Surface Transportation Board hearing over Amtrak Gulf Coast service — but the public will not be informed why. A filing posted to the STB website today (Wednesday, Feb. 23) says the railroad “does not likely make this request, given the […]
WASHINGTON — Canadian National says its proposed acquisition of Kansas City Southern’s Springfield Line would enable it to divert 80,000 long-haul truck shipments to rail annually by creating a new route linking Kansas City and St. Louis with Michigan and Eastern Canada. The traffic projection — 33% more truck diversions than Canadian Pacific and KCS […]
WASHINGTON — Chicago commuter operator Metra has asked the Surface Transportation Board for more time to file comments on the proposed Canadian Pacific-Kansas City Southern merger, saying CP had originally “filed a false response” to Metra’s request for information, and only recently provided an incomplete set of documents Metra says it needs to assess the […]
