KCS Shreveport Terminal set for investment
Kansas City Southern subsidiary Kansas City Southern Railway Company (KCSR) will invest approximately $5.6 million in 2016 in construction and improvement projects on its Shreveport Terminal Subdivision.
Kansas City Southern subsidiary Kansas City Southern Railway Company (KCSR) will invest approximately $5.6 million in 2016 in construction and improvement projects on its Shreveport Terminal Subdivision.
Intermodal continues to carry the day for the North American freight railroad industry, registering a gain of nearly 20% for the week ending Feb. 20, 2016, the third consecutive week of double-digit growth, compared to the prior-year period, and offsetting weak carload traffic—which includes a sharp drop in crude oil.
According to the latest Energy Information Administration (EIA) monthly Drilling Productivity Report, crude production from the Niobrara shale region in Colorado and Wyoming, which peaked at 491 Mb/d (million barrels per day) in April 2015, is forecast to decline by roughly100 Mb/d to 388 Mb/d through March 2016, in response to falling crude prices and lower drilling activity.
Customers served by BNSF Railway invested $1.2 billion in new or expanded facilities in 103 communities and created more than 1,500 jobs across the BNSF rail network in 2015, marking the fifth consecutive year that BNSF customers and local economic development organizations have invested more than $1 billion annually for new or expanded facilities.
Former U.S. Transportation Secretary and Union Pacific Chairman and CEO Andrew Lindsay “Drew” Lewis, Jr. died Feb. 10 in Prescott, Ariz. He was 84.
Canadian Pacific on Tuesday, Feb. 16, 2016 announced it will seek a declaratory order from the U.S. Surface Transportation Board (STB) “confirming the viability of the voting trust structure that CP has suggested as part of its proposed merger with Norfolk Southern.”
As the rail industry suffers through the 2015-2016 winter of its discontent, it is becoming clearer with each passing week that as an industry we are entering uncharted territory. Former mainstay coal is in long-term decline, removing the largest pillar under the rail industry and creating a giant volume hole for the industry to fill.
Washington is a rat hole worth watching because, as the politically savvy know, lawmakers and regulators can inflict unexpected, unprovoked and unjustified wounds.
Canadian Pacific on Thursday, Feb. 11, 2016 launched a new website, CPconsolidation.com, purporting the benefits of its proposed acquisition of Norfolk Southern. The website launch came two days after CP notified NS of its intent to submit a resolution to NS shareholders to ask their board of directors to engage in discussions with CP regarding a merger.
In what some industry observers believe may be a final attempt—short of a proxy battle—by hedge fund head Bill Ackman at a hostile takeover of Norfolk Southern, Canadian Pacific on Feb. 9, 2016, notified NS of its intent to submit a resolution to NS shareholders “to ask their board of directors to engage in good faith discussions with CP regarding a business combination transaction.”