House committee asks General Accountability Office to investigate Precision Scheduled Railroading The House Committee on Transportation and Infrastructure has asked the head of the U.S. Government Accountability Office to investigate the impact of Precision Scheduled Railroading on shippers, Amtrak and commuter railroads, employees and others. In a letter earlier this week from committee chairman Peter […]
WASHINGTON — The U.S. Justice Department is opposed to allowing Canadian National to place Kansas City Southern in a voting trust as part of the process for the proposed merger of the two railroads, saying the deal “raises sufficient competition concerns on first blush” to prohibit the procedure. Canadian Pacific, which has had its earlier […]
Union Pacific, which has long put profitability ahead of volume growth, has turned over a new leaf. UP now says it is focused on gaining traffic – and that it will grow faster than the rate of industrial production over the next three years by diverting freight from highway to rail. UP’s emphasis on […]
If Canadian Pacific does not top Canadian National’s $33.6 billion offer for Kansas City Southern in the next five days, a CN-KCS merger would proceed toward the approval process. First, KCS shareholders must approve the deal announced yesterday, which would give them $200 per share in cash, along with 1.129 shares of CN common stock, […]
ROCKHILL FURNACE, Pa. – Rebuilding the main line of the East Broad Top Railroad continues at a rapid pace, with a damaged bridge replacement and significant ballast work completed this week. The historic narrow gauge line in central Pennsylvania, a National Historic Landmark, was dormant from 2011 to 2020, when it was bought by the […]
LONDON — Construction work has begun along the entire 140-mile length of the first stage of Britain’s new 200-plus-mph high speed rail line, known as High Speed 2 (HS2), which will link London with cities in northern England and allow faster through trains to Scotland as well. The project has been developed in several phases […]
NEW YORK — Work will resume on the project to bring Metro-North commuter rail service to New York’s Penn Station, a project which had been paused over funding uncertainty and because of the COVID-19 pandemic. New York Gov. Andrew M. Cuomo said Thursday that the resumption of the process will see selection of a firm […]
NJ Transit settles suits from fatal 2016 crash at Hoboken Terminal NJ Transit has settled several lawsuits stemming from the fatal 2016 accident when a train ran through an end-of-track barricade at its Hoboken Terminal. NJ.com reports the agency settled the suit of the estate of the young woman who was killed by falling debris, […]
Test trains set to run on Point Defiance Bypass Sound Transit and Amtrak will run test trains over the Point Defiance Bypass on Sunday, May 16, as part of continuing efforts to prepare for passenger service on the line in the Tacoma, Wash., area. Trains will run between the Tacoma Dome stadium and Nisqually Junction, […]
MONTREAL — The battle for Kansas City Southern appears to be over. KCS on Thursday accepted Canadian National’s $33.6 billion bid to create the first railroad linking Canada, the U.S., and Mexico. KCS said it would break the $29 billion merger agreement it reached in March with Canadian Pacific in favor of CN’s “superior offer.” […]
MONTREAL — Canadian National is expected to sweeten its offer to acquire Kansas City Southern, the Wall Street Journal reported today. CN would, at a minimum, pick up the tab for the $700 million breakup fee that KCS would owe Canadian Pacific for backing out of their friendly $29 billion deal, the newspaper said, citing […]
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