Ancora Holdings, the activist investor that waged a proxy battle for control of a beleaguered Norfolk Southern in 2024, now may have CSX in its crosshairs. “We’ve been a growing shareholder in CSX and I think that company finds itself at the crossroads … of whether it wants to find a merger partner or whether […]
WASHINGTON — U.S. weekly rail traffic remained ahead of 2024 levels, albeit slightly, for the week ending July 26, 2025. Total rail traffic for the week was 524,279 carloads and intermodal units, up 1.1% over the same week a year ago. That included 231,029 carloads, up 0.9% compared to the corresponding week in 2024, and […]
CALGARY, Alberta — Canadian Pacific Kansas City CEO Keith Creel today teed off on the proposed merger of Union Pacific and Norfolk Southern, raising a host of questions and concerns about the $85 billion deal that would reshape the railroad industry. Creel, speaking on CPKC’s earnings call, issued a series of warnings about the transcontinental […]
WASHINGTON — Union Pacific and Norfolk Southern plan to file their merger application with the Surface Transportation Board on or before Jan, 29, 2026, according to a notice of intent filed with the Surface Transportation Board today (July 30, 2025). That notice of intent, also known as a prefiling notification, is required under the board’s […]
CALGARY, Alberta — Canadian Pacific Kansas City profits and revenue grew in the second quarter as the railway carried more intermodal, grain, and coal shipments. CEO Keith Creel says the elephant in the room — the proposed Union Pacific-Norfolk Southern merger — does not change the growth opportunities his railway enjoys thanks to its unique […]
The $85 billion Union Pacific and Norfolk Southern merger agreement includes a $2.5 billion breakup fee that anticipates potential twists and turns that could play out over the next two years. The agreement has an expiration date of Jan. 28, 2028, but will be extended automatically if the Surface Transportation Board merger review process takes […]
WASHINGTON — U.S. Sens. Roger Marshall (R-Kan.) and Tammy Baldwin (D-Wis.) are urging the Surface Transportation Board to “keep the best interests of rail shippers and consumers in mind” during the board’s upcoming review of the Union Pacific-Norfolk Southern merger, expressing concerns about the merger’s impact in a letter to board members. Meanwhile, Nebraska’s two […]
WASHINGTON — U.S. Sen. Edward Markey (D-Mass) and Rep. Chris Deluzio (D-Pa.) have reintroduced a bill that would devote $200 billion over a five-year period for rail projects including high speed rail and electrification of some lines. The All Aboard Act, announced by Markey on Tuesday (July 29, 2025) revives legislation introduced late in 2024 […]
WINNIPEG, Manitoba — A broken wheel, which fractured after sustaining a dent to the back of the wheel plate, led to the derailment of a Canadian National Railway unit grain train in Manitoba in March 2024, the Transportation Safety Board of Canada said in an investigation report released Tuesday (July 29, 2025). The derailment occurred […]
WASHINGTON — The Rail Passengers Association said today it will be “actively involved in protecting the rights of passengers” as the Union Pacific-Norfolk Southern merger is considered by the Surface Transportation Board. Amtrak had no comment on the merger announcement. Neither did commuter rail operator Metra, which has been involved in a lengthy legal and […]
OMAHA, Neb. — Union Pacific and Norfolk Southern executives touted their proposed merger as a way to return to volume growth after losing market share to the highway since rail traffic peaked in 2006. “We can only go so far independently. And let’s face it, this industry has faced contraction over the last couple decades […]
Two unions — the International Association of Sheet Metal, Air, Rail and Transportation Workers, and the Transport Workers Union of America — have announced their opposition to the Union Pacific-Norfolk Southern merger proposed today by the two railroads. SMART said it will oppose the merger when it goes to the Surface Transportation Board for approval, […]
