Action may be required on your Trains.com account in order to continue accessing content. Click here to learn more.
History of the Northern Pacific Railway In 1864 Abraham Lincoln signed the charter of a railroad to be built from the Great Lakes to Puget Sound — the Northern Pacific Railroad. The Philadelphia banking house of Jay Cooke & Co. undertook to sell the bonds, which were to yield 7.3 percent interest, and sold $30 […]
Biden nominates former FRA official Hedlund for STB President Joe Biden has nominated Karen Hedlund to serve on the Surface Transportation Board, filling the one current vacancy on the five-person board. A White House press release says Hedland has served as chief council for the Federal Highway Adminstration, and chief counsel and deputy administrator for […]
Amtrak tickets on Northeast Corridor will now show carbon-emission savings Amtrak will add information on carbon-emission savings to Northeast Corridor tickets, showing how much they saved by not driving and by not flying. On the electrified route between Boston and Washington, D.C., Amtrak says use of its trains produces 83% less emissions than driving and […]
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 […]
