OMAHA, Neb. — Union Pacific is closely watching the battle for Kansas City Southern and how an acquisition by either Canadian Pacific or Canadian National could affect its cross-border traffic. UP CEO Lance Fritz notes that U.S. regulations require that mergers between Class I railroads must enhance competition and improve service for all shippers. “For […]
Canada’s federal budget includes funds for VIA high-frequency rail, other infrastructure projects Canada’s federal budget unveiled on Monday includes $4.4 million for continued planning work on VIA Rail Canada’s proposed “high frequency rail” project, which would provide a separate, passenger-only route for part of the corridor between Toronto and Quebec City. Global News reports the […]
CALGARY, Alberta — Canadian Pacific says Canadian National’s competing bid for Kansas City Southern would reduce competition, raise significant regulatory concerns, and upset competitive balance in the North American rail network. CN’s unsolicited $33.7 billion offer, announced Tuesday morning, tops the $29 billion deal CP reached last month to acquire KCS. The KCS board says […]
MONTREAL — Canadian National argues that its proposed combination with Kansas City Southern will offer shorter, faster, and more efficient routes than tying together the Canadian Pacific and KCS networks. And that less complicated route structure, CN contends, will enable a CN-KCS system to successfully gain north-south traffic that currently moves by truck between Mexico, the […]
KANSAS CITY, Mo. — Kansas City Southern’s first-quarter earnings dipped as volume fell because of harsh winter weather and the ongoing computer chip shortage that has curbed auto production in Mexico. KCS reported today that its operating income declined 12%, to $253 million, as revenue decreased 4%, to $706 million. Earnings per share, adjusted for […]
Union Pacific to close Palestine, Texas, car shop, subject of lawsuit Union Pacific will close its car shop in Palestine, Texas, as of June 14, eliminating as many as 57 positions. The Palestine Herald-Press reports employees were notified Thursday; a Union Pacific spokeswoman confirmed the closure and attributed it to operational changes across the system. […]
Opponents sue FRA over decisions on Texas Central high speed project Texans Against High Speed Rail, six Texas counties, and 10 individual landowners have filed suit against the U.S. Department of Transportation and Federal Railroad Administration over the proposed Texas Central high speed project between Dallas and Houston, seeking to void the FRA’s Rule of […]
From January 2019 Trains When the Southwest Chief rumbles across New Mexico’s Raton Pass, with sleeping-car passengers paying as much as $1,058 to ride in a roomette, what is the train’s revenue-versus-cost effect on Amtrak’s bottom line? According to the “route level results” of the fiscal 2017 performance report, the Chicago-Los Angeles train generated $49.9 […]
Metrorail Commission says DC Metro moving the wrong way on safety issues The Washington Metrorail Safety Commission, the independent agency created by Congress to oversee DC Metro safety issues, says the transit agency is moving the wrong way in terms of such basics as making sure trains stop for red signals and following worker safety […]
WASHINGTON — Canadian Pacific has rebutted Justice Department criticism of its proposed acquisition of Kansas City Southern, telling the Surface Transportation Board that the $29 billion merger can’t happen without a voting trust. The Justice Department on Monday raised concerns about CP’s plan to place KCS into a voting trust while the STB reviews the […]
Seattle monorail shut down through April 30 Seattle’s monorail has shut down for the remainder of April as part of a renovation to prepare for the arrival of the city’s new National Hockey League team, the Kraken, which will debut this fall. KNKX Radio reports the work on the 1-mile line, connecting downtown’s Westlake Center […]
CALGARY, Alberta — Canadian Pacific and Kansas City Southern have rounded up broad support for their proposed merger, which would create the first railroad to operate in the U.S., Canada, and Mexico. The railways announced yesterday that they have received support statements from 259 shippers, other railroads, economic development authorities, and ports. Shipper sentiment will […]
