KANSAS CITY, Mo. – Two influential shareholder advisory firms say that Kansas City Southern shareholders should abstain from voting on the Canadian National merger proposal until federal regulators make a key ruling. Institutional Shareholder Services and Glass Lewis, which advise large investment firms regarding proxy votes, have recommended that KCS shareholders abstain until after the […]
LOS ANGELES — Metrolink will expand its recently introduced Saturday service on its Ventura County line, extending its single round trip to serve the Camarillo, Oxnard, and Ventura-East stations as of this Saturday, Aug. 14. The service was introduced May 29 and only extended as far as Moorpark, while also serving Simi Valley, Chatsworth, Northridge, […]
ELKINS, W.Va. — With COVID-19 cases increasing, the Durbin & Greenbrier Valley Railroad has cancelled its Polar Express holiday trains for the second consecutive years. D&GV president John Smith told the Inter-Mountain newspaper, “The Polar Express is very up close and personal with children and it would be a disaster to try and put 280 […]
KANSAS CITY, Mo. — Kansas City Southern says Canadian Pacific’s sweetened merger offer is not sweet enough. The KCS board today rejected CP’s increased bid, saying that the $31 billion offer made on Tuesday falls short of the $33.6 billion deal it has to merge with Canadian National. KCS also said that it would reschedule […]
DES MOINES, Iowa – Central States Steam Preservation Association and the Iowa Interstate Railroad, in partnership with Operation Lifesaver and the Science Center of Iowa, will run short passenger trips out of downtown Des Moines with the Iowa Bolt 2-10-2 steam locomotive No. 6988 Labor Day Weekend. This event will put Operation Lifesaver at the […]
WASHINGTON – Any attempt to regulate intermodal traffic would not fix current congestion issues and would clash with congressional intent to keep railroads largely deregulated, the Association of American Railroads has told the Surface Transportation Board. Last month STB Chairman Martin J. Oberman expressed concern about the impact of congestion on intermodal shippers, some […]
ST. PAUL, Minn. — The Twin Cities-area Metropolitan Council has approved an additional $200 million in funding from Hennepin County for the Southwest light rail project, which will extend the existing Green Line to Eden Prairie, Minn. The Minneapolis Star Tribune reports the additional construction funding increases Hennepin County’s share of the project to $878 […]
LOS ANGELES — More than three and a half years of labor-intensive work by the volunteers of the San Bernardino Railroad Historical Society was rewarded Aug. 7 as Santa Fe No. 3751 had a fire lit inside of it for the first time since December 2017. The event on a warm summer day in downtown […]
DENVER — Ryan Higgins has been named chief commercial officer of OmniTRAX, the shortline and transportation affiliate of the Denver-based Broe Group. Higgins comes to OmniTRAX from CSX Transportation, where he held multiple sales, marketing, business development, and operations positions. Most recently, he was senior director of merchandise sales. “Ryan is a dynamic team leader […]
WASHINGTON — U.S. rail traffic for the week ending Aug. 7 offered mixed results compared to the same week in 2020, with carload traffic running ahead of 2020 figures while intermodal volume slipped slightly below 2020 levels. Statistics from the Association of American Railroads show a total volume of 509,607 carloads and intermodal units, 2.4% […]
WASHINGTON – Amtrak will require its employees to be vaccinated for COVID-19 effective Nov. 1, according to a memo obtained by Trains News Wire. Unvaccinated employees must submit weekly proof of a negative COVID-19 test. Amtrak is also extending remote work for office employees to Nov. 1. “This extension of the return date is prudent […]
WASHINGTON — Canadian Pacific and Canadian National have taken steps to limit congestion at their U.S. intermodal terminals as shippers have been slow to pick up containers due to the impact of the pandemic. The Canadian railways outlined their responses in letters to Surface Transportation Board Chairman Martin J. Oberman, who on July 22 requested information […]
