WASHINGTON — Acting on a request by Montana Rail Link, the Surface Transportation Board will raise the financial threshold for a railroad to be considered a Class I railroad to $900 million in annual operating revenue from the current figure of $504,803,294. Montana Rail Link made the request saying that, while it remains a regional […]
Three at Reading & Northern take new roles following Gilchrist retirement Three Reading & Northern officials will take new roles following the retirement of Dan Gilchrist, executive vice president marketing and sales, on April 2. Rian Nemeroff, vice president forest products, has been promoted to senior vice president merchandise marketing and sales; Susan Ludwig has […]
WASHINGTON — CSX Transportation today proposed a new merger review schedule that would cover its acquisition of New England regional Pan Am Railways. The Surface Transportation Board last week said the transaction should be considered a “significant” deal, not the “minor” transaction CSX had sought, and ordered CSX to submit a new schedule and merger […]
WASHINGTON — Canadian Pacific’s proposed acquisition of Kansas City Southern has picked up its first support from another railroad company. Shortline railroad operator Genesee & Wyoming has told the U.S. Surface Transportation Board that it backs the merger of the smallest Class I systems. “From our perspective, the proposed transaction should provide improved service options […]
Locomotive joyride causes $60,000 damage An unknown individual broke into a parked locomotive belonging to the Florida Central Railroad and took it for a joyride, causing about $60,000 damage by running through switches. WTLV-TV reports the railroad contacted the Alachua County Sheriff’s Office that between March 24 and March 28, someone entered the cab of […]
MONTREAL — Watco will buy 650 miles of branch lines in Wisconsin and Michigan from Canadian National, along with 250 miles of the company’s Soo Subdivision in Ontario, the companies announced today. In Ontario, where it acquires the line between Sault Ste. Marie and Oba, Ont., Watco will provide freight operations and continue the […]
WASHINGTON — It’s back to the drawing board for Rio Grande Pacific’s plans to lease and revive Union Pacific’s long-dormant route over Tennessee Pass in Colorado. The Surface Transportation Board on Thursday rejected the exemption that Rio Grande Pacific sought for the transaction. Under board rules, small deals such as a lease or sale of […]
MBTA Orange Line work after derailment extended to April 11 The Massachusetts Bay Transportation Authority has extended its shutdown of a portion of the Orange Line by one week, through April 11. NBC-10 Boston reports the use of shuttle buses between the Oak Grove and Sullivan Square stations will continue as the agency continues infrastructure […]
WASHINGTON — CSX Transportation’s proposed acquisition of New England regional Pan Am Railways will get a more thorough review. The Surface Transportation Board has decided that the merger application will be treated as a significant transaction, not the minor deal that CSX and Pan Am had sought. The move, announced in a draft notice in the […]
Tank car of molasses explodes in Minnesota, damaging building An explosion of a tank car full of molasses on Tuesday morning in Cannon Falls, Minn., spewed the sticky substance as far as a mile and a half from the site of the incident. RiverTowns.net reports the Cannon Falls Fire Department received a call about an […]
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 — CSX Transportation has defended its proposed acquisition of New England regional Pan Am Railways. Vermont Rail System, along with transportation officials from Vermont and Massachusetts, claim the deal would harm rail competition in the region and should face a more thorough review from the Surface Transportation Board. Massachusetts officials and lawmakers also expressed […]
