The John Emery Rail Heritage Trust has awarded 22 grants totaling almost $325,000 for rail preservation projects in 2021, with 20 new awards joining two projects previously receiving funding. The awards come from 41 applicants seeking grants totaling more than $1 million. The trust was established by long-time Chicago resident John Emery to preserve equipment […]
WASHINGTON — The Massachusetts congressional delegation has asked the Surface Transportation Board to consider CSX Transportation’s acquisition of New England regional Pan Am Railways as a significant transaction, which would put the deal under a more stringent regulatory review process. “While the STB’s procedures for a significant transaction provide additional time for interested parties to […]
WASHINGTON — Amtrak’s 826-page petition to the Surface Transportation Board, filed last week, is the latest salvo in efforts to establish passenger trains on routes of railroads not currently hosting service. The STB’s eventual decision could have a significant impact on what investment is required for service expansion. The filing argues Amtrak has made good […]
COLLEGE STATION, Texas — Union Pacific No. 4141, the SD70ACe locomotive painted in an Air Force One-like scheme to honor President George H.W. Bush, has arrived in College Station and was scheduled to be trucked on Sunday afternoon from the UP tracks to the George H.W. Bush Presidential Library and Museum on the campus of […]
Landowners sue SMART, saying use of right-of-way for trail is illegal Sonoma-Marin Area Rail Transit is being sued by a group of landowners over the commuter railroad’s use of its right-of-way to build a trackside bike and pedestrian trail. The Santa Rosa Press Democrat reports that the lawsuit filed in U.S. District Court in San […]
Transport Canada has ordered Canadian Pacific to stop leaving trains unattended without setting handbrakes near the site of 2019’s fatal runaway accident on Kicking Horse Pass after a February incident, the CBC reports, but the railroad is disputing the regulator’s assertion that the event in question constituted “an immediate threat.” In question is a Feb. […]
The Canadian Pacific acquisition of Kansas City Southern should help the railroads develop new business — including diverting truck traffic to rail — but the $29 billion deal announced on Sunday could face regulatory hurdles and opposition from shippers and other Class I systems. CP and KCS executives touted the potential for traffic growth that would […]
CALGARY, Alberta — Canadian Pacific and Kansas City Southern executives say combining their railroads into the first system linking Canada, the U.S., and Mexico will generate significant traffic growth across all commodities. “What a historic day,” CP CEO Keith Creel said during a Sunday afternoon investor webcast where executives touted the $29 billion deal to create […]
CALGARY, Alberta — Canadian Pacific’s proposed acquisition of Kansas City Southern will unite the two smallest Class I railroads and create the only North American system that will operate in the U.S., Canada, and Mexico. The combination of the 12,500-mile CP and 6,700-mile KCS, announced today, is a classic end-to-end merger: The railways currently interchange in […]
CALGARY — On the same day that Canadian Pacific revealed its plan to purchase Kansas City Southern, the company’s board of directors has announced it has amended its contract with President and CEO Keith Creel to keep him in his current position until at least early 2026. The amendment addresses incentive compensation, the company says. […]
CALGARY — Canadian Pacific will buy Kansas City Southern in a cash and stock transaction worth approximately $29 billion, CP has confirmed. Financial Times first reported the story Saturday night. In an announcement posted Sunday morning, CP said the deal has the approval of both boards of directors, and confirms the previously reported price valuing […]
Interim CEO says Honolulu rail system will cost $12.4 billion, take 10 more years to complete The cost of Honolulu’s light rail system has risen to $12.4 billion and will take another 10 years to finish, interim CEO Lori Kahikina told the Honolulu Authority for Rapid Transportation board. Hawaii News Now reports that Kahikina that […]
