Railway Age Editor-in-Chief William C. Vantuono and Financial Editor David Nahass recently spoke with FreightCar America, Inc. President and CEO Jim Meyer about the efforts to turn the historic, 120-year-old company around by consolidating manufacturing in Mexico and positioning it to meet the needs of the market.
Canadian Pacific President and CEO Keith Creel on May 20 responded to the Kansas City Southern Board of Directors and President and CEO Pat Ottensmeyer calling on them to reject CN’s counter-proposal “in light of intervening events” and stay with “the achievable, compelling value under the pre-existing merger agreement” with CP. Creel also confirmed that CP will not engage in a bidding war with CN.
MidRail LLC Chairman Gil Lamphere offers his views on the competition between Canadian Pacific and CN to acquire Kansas City Southern, discussing the details of voting trusts and the role of the
In a May 14 filing with the Surface Transportation Board, the United States Department of Justice has said CN’s application for a voting trust to acquire Kansas City Southern should be denied, because the proposed merger “raises sufficient competition concerns.”
Alexa, Amazon’s ubiquitous AI (artificial intelligence) platform, can now tell you if your New Jersey Transit commuter train is running on time.
Norfolk Southern chief executive Jim Squires, in his address to shareholders at the May 13 annual meeting, focused on the company’s “digital transformation” and sustainability initiatives, in addition to the standard shareholder-value-based comments, such as “accelerating PSR implementation.”
Now that Bombardier Transportation’s North American assets and operations are fully integrated into Alstom, major customers, particularly those in Canada, apparently are feeling more confident in continuing investments in rail transit rolling stock, as evidenced by an order for 60 Flexity streetcars for the Toronto Transit Commission (TTC) and refurbishments of GO Transit bi-level commuter railcars.
Canadian Pacific President and CEO Keith Creel, Executive Vice President Operations Mark Redd and Executive Vice President and Chief Marketing Officer John Brooks discuss CP’s proposed merger with Kansas City Southern with
Canadian Pacific has selected Switzerland-based Leclanché SA to supply lithium-ion batteries and energy management software for its HCF (hydrogen fuel cell) road locomotive pilot program. Leclanché’s proprietary technology will be be integrated with the locomotive’s fuel cell modules.
RAILWAY AGE MAY 2021 ISSUE: What started as ‘basically a handshake’ blossomed over time into a mutually beneficial working partnership.