JACKSONVILLE, Fla. — CSX Transportation sees the potential for growth through its planned acquisition of New England regional Pan Am Railways. “If you look historically, they’ve been able to grow a little bit faster than what we’ve been able to achieve. So we think the growth profile is attractive for us,” Chief Financial Officer Kevin […]
WASHINGTON — With the Canadian National’s acquisition of CSX Transportation’s line linking Syracuse, N.Y., with Montreal stuck in regulatory limbo, the railroads have extended a self-imposed deadline for the deal to close. The railroads on Monday told the U.S. Surface Transportation Board that they were extending a Nov. 30 “drop dead date” to Feb. 28, […]
JACKSONVILLE, Fla. — CSX Transportation will acquire regional Pan Am Railways in a deal that will redraw the railroad map in New England. CSX, already the dominant freight railroad in the region, will extend its reach into Vermont, New Hampshire, and Maine, as well as to Saint John, New Brunswick, via Pan Am’s haulage rights […]
Cleanup continues of a CSX derailment Monday night in North Baltimore, Md., although one track of the rail line was reopened as of 6 a.m. Tuesday morning. The Capital Gazette reports 21 cars of the 109-car train, en route from Avon, Ind., to Philadelphia, derailed about 6:30 p.m. Monday night. There were no injuries and […]
Tuesday morning derailment news: No injuries reported as NJ Transit train derails Traffic on NJ Transit’s North Jersey Coast Line is expected to be suspended into New York City through this morning’s commute after an early-morning derailment. NJ.com reports train No. 3292, due to arrive at New York Penn Station at 1:18 a.m., derailed about […]
Top executives from Canadian National, Canadian Pacific, CSX Transportation, and Norfolk Southern last week touted the industry’s growth prospects and the ways they are working to make railroads better able to compete against trucks. Their remarks, made at the RailTrends 2020 conference, came a day after consulting firm Oliver Wyman released a survey that showed […]
More Monday morning rail news: With COVID-19 upswing, restart of VIA service in Western Canada not certain VIA Rail Canada plans to restart service on the route of the Canadian between Vancouver, British Columbia and Winnipeg, Manitoba, are continuing, but are not final, the Winnipeg Free Press reports. The plans to resume service on Dec. […]
Friday afternoon rail freight and logistics news: UP opens Minneapolis intermodal terminal, will launch service to LA Union Pacific will begin offering intermodal service to Minneapolis-St. Paul in January 2021 following today’s opening of its Twin Cities Intermodal Terminal in Minneapolis. The new service will feature domestic intermodal service between the Twin Cities and Los […]
Thursday morning news on railroad awards and other recognition: CN, CSX, CP named to Dow Jones Sustainability Index Canadian National, CSX Transportation, and Canadian Pacific have been named to the Dow Jones Sustainability Index, which measures companies on environmental, social, governance, and economic critiera. CN says in a news release that it is its 12th […]
Still more Wednesday morning rail news: Transit agencies combine with Amtrak to form regional ‘Mask Force’ A group of transit agencies in New York and Philadelphia areas have joined with Amtrak to create a regional ‘Mask Force’ to encourage mask compliance on public transit. New York’s MTA, NJ Transit, the Port Authority of New York […]
DETROIT — One of the few remaining manned towers in the United States, and one of just two remaining in Michigan, was idled Monday, as CSX Transportation’s Delray Tower in Detroit — said to be the last tower to use strong-arm levers — was switched over to control of the CSX RN Dispatcher in Jacksonville, […]
CSX Transportation and Canadian National see strong intermodal volumes continuing through March as retailers across North America look to replenish their inventories. Intermodal traffic, which tanked along with the rest of rail volume at the onset of the COVID-19 pandemic, has bounced back faster than carload volumes and is currently running ahead of last year’s […]
