Commentary

POTUS 47 Turmoil Reaches STB

Disruption at the Surface Transportation Board: One of the attributes of the freight transportation sector we’ve always liked has been its low politicization. People in and around the industry care about stuff

UP, NS Notify STB of Intent to File Merger Application

Union Pacific Corporation (UPC) and Union Pacific Railroad Company (UP) and Norfolk Southern Corporation (NSC) and Norfolk Southern Railway Company (NS) have notified the Surface Transportation Board (STB) of their intent to file an application seeking authority for the acquisition of control by UPC, through its wholly owned subsidiary Ruby Merger Sub 1 Corporation, of NSC, and for the resulting common control by UPC of UP and NS.

(Courtesy of STB)
Commentary

Did Primus Engineer His Own Ouster?

The firing by POTUS 47 of outspoken Surface Transportation Board (STB) member and Democrat Robert E. Primus Aug. 27 leaves the five-member agency short two members as it awaits a formal merger

Report: Primus Latest Victim in POTUS 47 Firing Spree

POTUS 47 on Aug. 27 fired Surface Transportation Board member Robert Primus, The Wall Street Journal reported Aug. 28, noting that the STB is “the railroad regulator weighing the proposed megamerger between Union Pacific and Norfolk Southern.” “Primus,

A map of Green Eagle Railroad LLC’s proposed 1.335-mile common carrier rail line in Maverick County, Tex., extending from the southern border of the United States and connecting to Union Pacific (UP) at approximately milepost 31 on the Eagle Pass Subdivision. The line is part of parent company PVH’s proposed trade corridor for freight and commercial motor vehicles extending into Mexico. (GER Map)

UP to STB: Deny GER’s Petition for Proposed Maverick County, Tex., Line

Green Eagle Railroad’s (GER) proposal to construct and operate an approximately 1.335-mile rail line in Maverick County, Tex., “is not needed to meet existing or future demand for transportation, would be less

(Logos courtesy of the respective railroads)

Jaguar Acquires CBRW, CWAR (UPDATED 8/27)

Jaguar on Aug. 27 began running the Columbia Basin Railroad (CBRW) and Central Washington Railroad (CWAR), following its approved acquisition of the Class IIIs by the Surface Transportation Board (STB). CBRW and

Commentary

Deal Vs. No Deal

Berkshire Hathaway does not intend to purchase CSX, a move we thought was the likely outcome given the competitive offering of an East/West combination. The valuation and merger benefits are clearly not

(Logo Courtesy of STB)

For 2024, Two Class I’s Deemed ‘Revenue Adequate’

The Surface Transportation Board (STB) has found two U.S. Class I railroads to be revenue adequate for 2024: CSX and Union Pacific.

Commentary

It Will All Come Down to This

Cutting to the chase on the 2027 STB merger decision: On July 30, Union Pacific and Norfolk Southern submitted to the Surface Transportation Board their prefiling notification, which is basically a heads

The Surface Transportation Board’s Office of Environmental Analysis has identified the Southern Rail Alternative, one of two studied, as the Preferred Alternative for Green Eagle Railroad’s proposed 1.335-mile rail line in Maverick County, Tex. (Map Courtesy of STB OEA)

STB Issues EIS for Proposed Maverick County, Tex., Line (UPDATED 8/6)

The Surface Transportation Board’s (STB) Office of Environmental Analysis (OEA) on March 14 released a Draft Environmental Impact Statement (EIS) for Green Eagle Railroad’s (GER) proposed construction and operation of an approximately 1.335-mile rail line in Maverick County, Tex., extending from the southern border of the United States and connecting to Union Pacific (UP) at approximately milepost 31 on the Eagle Pass Subdivision. The Final EIS was released Aug. 6.

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