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.”
The Surface Transportation Board (STB) has selected senior staffer Neil Moyer to coordinate preparation efforts as it takes on new intercity passenger rail on-time performance (OTP) responsibilities.
Kansas City Southern (KCS) stockholders will now vote on the “definitive merger agreement” with CN on Sept. 3, 2021, KCS reported.
The Surface Transportation Board has resolved a long-running dispute between Amtrak and Metra, deciding that the Chicago commuter rail agency must pay $10.67 million annually for use of Amtrak’s Chicago Union Station.
Shipper associations in early August met with Surface Transportation Board (STB) members to answer questions about STB’s options for advancing Ex Parte 711 (Sub-No. 1), reciprocal switching.
Jim Blaze takes a technical look at the Class I’s responses to the STB’s inquiry on intermodal from his experience dating back to 1968.
Yet another potentially game-changing moment for Kansas City Southern in the railroad version of the Super Bowl—the merger tug-of-war between rival Canadian teams, taking place on the Surface Transportation Board playing field before head official Marty Oberman, this one not entirely unexpected: The KCS board has called a timeout (postponed) the Aug. 19 shareholder vote on accepting or rejecting CN’s power-play* offer until the STB rules on the CN/KCS voting trust. Will Canadian Pacific pull off a hat trick?*
In responding to Surface Transportation Board Chair Marty Oberman’s July 22 letter to the Class I railroads requesting information on the extent of congestion at key U.S. container terminals and on their railroads’
BNSF President and CEO Katie Farmer on Aug. 4 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion at key