President Joe Biden will nominate Democrat Karen J. Hedlund, current Vice President and National Rail Strategy Advisor at WSP USA and former Federal Railroad Administration Deputy Administrator, to replace Republican Ann Begeman on the Surface Transportation Board.
As part of the NEARS (Northeast Association of Rail Shippers) virtual conference, Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl hosted Canadian Pacific President and CEO Keith Creel in a “fireside chat” to discuss the proposed merger between CP and Kansas City Southern.
One month after Canadian Pacific and Kansas City Southern announced their intent to merge into CPKC (Canadian Pacific Kansas City), CN made a counter-offer it said is a “superior proposal” that “will
Yet another letter. Be warned: This one, nearly 3,000 words, is from Canadian Pacific’s attorney to the Surface Transportation Board. It essentially says CN has it totally wrong by asking the STB to approve a voting trust for its proposed acquisition of Kansas City Southern under the same conditions as a CP-KCS combination.
Amtrak, on the eve of a 50th Anniversary virtual celebration slated to feature President Joe Biden, has filed a petition asking the Surface Transportation Board to deny CSX’s and Norfolk Southern’s motion to dismiss Amtrak’s application to restore passenger rail service to the Gulf Coast between New Orleans, La., and Mobile, Ala.
CN’s first-quarter 2021 results included “an industry-leading increase in traffic volume of 5% year-over-year.”
For the first time, Railway Age and Simmons-Boardman Publishing Corp. sister publication Marine Log join forces to discuss the global rail and marine intermodal logistics scene with Bill Shea, CEO of DCLI (Direct Chassis Link Inc.)
Chinese SOE (state-owned enterprise) CRRC (China Rail Rolling Stock Corp.) “is less innovative than European and Japanese firms, but mercantilist policies help it dominate in China and expand globally. This starves superior firms of revenue, reduces their R&D and slows the pace of global innovation,” according to a report from an independent Washington, D.C.-based think tank.
The letters keep coming: Railway Age has obtained a letter Canadian Pacific President and CEO Keith Creel sent to his counterpart at Kansas City Southern, Pat Ottensmeyer, pointing out in detail “the dimensions of competition between KCS and CN.”
A Cowen and Company “snap” railroad shipper survey conducted over a one-day period indicates that CN “is likely to have a more difficult time with shippers supporting its proposed acquisition of Kansas City Southern. This compares to a more favorable view by shippers of Canadian Pacific acquiring KCS in our most recent survey.”
