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 — 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 […]
BONSAL, N.C. — The North Carolina Railway Museum is seeking funds to rescue 10 railcars from a disconnected siding at a nuclear power plant near New Hill, N.C., for eventual use on the museum’s New Hope Valley Railway. Nearly $100,000 must be raised to save the cars, which include two cabooses being donated by Duke […]
Join Classic Trains editors in celebrating the hustle and muscle showed in Seaboard Air Line Railroad freight trains. We hope you enjoy this photo gallery of images selected form the files of the David P. Morgan Library at Kalmbach Media. […]
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WASHINGTON — Amtrak is taking its effort to start service along the Gulf Coast to the Surface Transportation Board. The passenger railroad is asking the regulatory body to require CSX Transportation and Norfolk Southern to permit operation of two daily round trips between New Orleans and Mobile, Ala. In its filing, Amtrak is asking for […]
Savannah port sees first traffic at new container terminal; rail capacity project advances The Port of Savannah, Ga., has welcomed the first container ship to call on its Ocean Terminal, partially converted from roll-on/roll-off cargo to handle container traffic. The Savannah Morning News reports the conversion adds 210,000 twenty-foot-equaivalent units, or TEUs — the standard […]
Union ratifies new agreements with VIA Rail Canada Unifor, the union representing more than 1,600 VIA Rail Canada employees, has ratified tentative agreements with the passenger carrier reached in January. The two-year agreements include a 2% wage increase, benefit improvements, and a review of several work rules. “We are delighted by the ratification of the […]
Financier, ag firm exit consortium for Churchill, Manitoba, railway and port Two major corporations have given away their stake in the railway and port serving remote Churchill, Manitoba, but the local group overseeing both say their region will be better served by having full control. The Winnipeg Free Press reports Toronto financing firm Fairfax and […]
‘Azelea Sprinter’ excursion train debuts in Georgia A new Georgia excursion train will debut this weekend with sold-out trips. WALB-TV reports the Azelea Sprinter, operating by CaterParrott Railnet on the Georgia & Florida Railroad, sold out its first three trips in less than two days. The train will depart from Nashville, Ga., and offer three […]
