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MONTREAL — Canadian National has raised its financial outlook for the year amid record first-quarter intermodal and Canadian grain volumes, and expectations for continued economic improvement that will boost merchandise traffic. CN now expects volume to grow in the high single-digit percentage range this year, up from around 5% forecast in January, executives said while […]
MONTREAL — Canadian National could finalize a merger deal with Kansas City Southern in the next 30 to 40 days, executives said today. With the KCS board agreeing over the weekend to consider CN’s unsolicited $33.7 billion merger offer, CN tomorrow will begin poring over confidential KCS data and negotiating a final merger agreement. Rival […]
CALGARY, Alberta — A combined Canadian National and Kansas City Southern system would reduce railroad competition across wide swath of its expanded service territory, which would pose a regulatory challenge to a potential merger, Canadian Pacific CEO Keith Creel says. “The competition between KCS and CN is not limited to a ‘handful’ of shippers as CN […]
Allagany County, Md., plans to ask STB to intervene in bridge dispute with CSX The Allagany County, Md., Board of Commissioners will file a complaint against CSX Transportation with the Surface Transportation Board over a bridge closure in Cumberland, Md., saying the railroad has blocked any effort to address the issue, although the railroad says […]
Aberdeen Carolina & Western rebuilds six locomotives for Savage North Carolina’s Aberdeen Carolina & Western Railway and rail operations and logistics company Savage Services have combined to rebuild six locomotives for a Houston industrial facility. The four SD40-2 and two MP15 were rebuilt at the AC&W’s shops under the direction of Steven Weathers, the railroad’s […]
Newsworthy New Orleans Union Passenger Terminal’s newsstand is centrally located in the facility’s main room. The $25.5 million facility had 12 tracks and opened in May 1954. Photo by James G. La Vake […]
Automobile unloading Ramps at many early auto-handling facilities were permanently mounted. This Buck ramp on the Louisville & Nashville in 1962 has a full-width platform and can be adjusted to any deck height. Photo by Louisville & Nashville […]
Amtrak selects Siemens to build replacements for Amfleet I cars, other aging equipment Amtrak has selected Siemens to build a fleet of 83 intercity trainsets for use on the Northeast Corridor, Palmetto, and various state-supported services. The selection of Siemens as the “preferred bidder” — which is currently building cars for use on state-supported trains […]
SkyTrain network could double under TransLink long-term expansion plans British Columbia transit agency TransLink has unveiled options for long-term expansion that could double the size of the SkyTrain rail transit system, or see more than 400 additional kilometers (240-plus miles) of SkyTrain, light rail, and bus rapid transit routes. The website Daily Hive reports the […]
Kickbacks Cars of coal are unloaded dockside by the Chesapeake & Ohio at this massive facility in Newport News, Va. Once unloaded, cars roll out of the dumper toward the camera, up a steep kickback track, and reverse direction down to the empties yard. Later they’ll head west for another load. Photo by W. A. […]
Around 1940, give or take a little, I was firing Southern Railway Ps-4 Pacifics heading the eastern leg of the Carolina Special between Charlotte and Greensboro, N.C. This little rural train served towns like Mocksville, Cooleemee Junction, Woodleaf, Bear Poplar, Davidson, Mooresville, and the tobacco center of Winston-Salem. We met the Special’s Asheville connection at […]
KANSAS CITY, Mo. — Kansas City Southern’s first-quarter earnings dipped as volume fell because of harsh winter weather and the ongoing computer chip shortage that has curbed auto production in Mexico. KCS reported today that its operating income declined 12%, to $253 million, as revenue decreased 4%, to $706 million. Earnings per share, adjusted for […]
