Judge again blocks closure of UP car shop in Palestine, Texas

Union Pacific logo with Building America slogan

PALESTINE, Texas — A Texas judge has again ruled that Union Pacific must continue employment of workers at its Palestine, Texas, car shop, which the railroad had planned to close last month. The Palestine Herald-Press reports Judge Michael Davis of the 369th Judicial District Court in Rusk, Texas, must continue to observe a 1955 judgment […]

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Kansas City Southern discloses other merger suitors

Logos for Canadian National, Canadian Pacific, and Kansas City Southern

KANSAS CITY, Mo. — Kansas City Southern was indeed the pretty girl at the dance. KCS was pursued by at least two other suitors besides Canadian Pacific and Canadian National – including an unnamed Class I system that was interested in acquiring only part of the cross-border railroad — during the lengthy process leading to […]

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News report says Biden administration will seek to address consolidation, pricing by rail and ocean shipping industries

Surface Transportation Board logo

WASHINGTON — The Biden administration wants U.S. regulatory agencies to address consolidation and what it considers to be anticompetitive pricing by railroads and ocean shipping firms, the Wall Street Journal reports in a paywalled article. The Journal — citing a source familiar with the situation — says the administration will issue an executive order this […]

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Kansas City Southern stockholders to vote on merger Aug. 19

Canadian National and Kansas City Southern logos

MONTREAL and KANSAS CITY, Mo. — Kansas City Southern has scheduled an online special meeting of its stockholders for Aug. 19 to vote on the proposed merger with Canadian National. Those holding stock as of July 1 will be entitled to vote on the agreement, under which stockholders will receive $200 cash and 1.129 shares […]

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June rail traffic well ahead of 2020 levels

Weekly table showing U.S. rail traffic

WASHINGTON — U.S. rail traffic remained strong in June, with overall carload and intermodal traffic running 14.5% ahead of the same month in 2020. Year-to-date traffic at the end of the second quarter was up 13.7% compared to pandemic-depressed totals for the first half of 2020, according to statistics from the Association of American Railroads. […]

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