Commentary
Happy Anniversary, TTC!
The Toronto Transit Commission (TTC) celebrated its centennial on Sept. 1.
The Toronto Transit Commission (TTC) celebrated its centennial on Sept. 1.
News item: Activist hedge fund investor TCI Fund Management Ltd. is looking to clean out and reform CN’s executive suite.
There’s an 800-pound British gorilla pounding on the door of CN’s boardroom. He’s pissed, beating his chest, and licking his chops. He’s not going away until he cleans house. He’s Sir Chris Hohn, and the activist hedge fund he leads, TCI Fund Management Ltd., on Aug. 30 became a “beneficial owner” of CN, grabbing 5.2% of the railroad’s shares, putting Hohn and his business partner, Ben Walker, in a position to make CN an offer it probably can’t refuse.
Although Union Pacific was the first Class I railroad to implement a supplier diversity program nearly 40 years ago, the company hadn’t spent much time over the last few years performing outreach to identify and onboard new suppliers. In 2020, we placed a new emphasis to make our supplier diversity program world-class.
Metrolinx News readers have seen a lot about the ‘network effect’ and what it means for riders. It refers to the opportunities that come with a stronger, more flexible transit system, with seamless connections across the communities, more frequent service and new projects that will, once opened, reduce crowding on existing lines.
CSX has recently proposed to acquire Pan Am Railways. Although, as I explain below, I am usually critical of mergers, I believe this merger will substantially enhance the rail network in New England by bringing the region more directly into the national railroad network.
For investors, industry watchers and rail consumers, August has been either the most interesting or frustrating month to date in the reality dating show, “I Want to Buy a Class I Railroad.”
Hitachi Rail’s announcement on Aug. 4 that it will acquire Thales’ railway business is set to shake up the global signaling sector. International Railway Journal Editor-in-Chief Kevin Smith examines the deal and its implications for the market.
This past February, two automated straddle carriers were deployed as part of an automation pilot project at BNSF’s Logistics Park Kansas City (LPKS) Intermodal Facility. The straddle carriers can transfer containers between over-the-road (OTR) trucks and a grounded yard storage grid that includes designated transfer slots for rail loading.
Steven Rattner—the man who spent $82 billion in taxpayer money to bail out the private automobile industry in 2009—seems to think the nation should not fund public passenger trains to provide basic