Commentary

What’s Really Going On in Memphis?

In a somewhat-unexpected action, Surface Transportation Board (STB) Chairman Martin Oberman recently suggested some ideas and offered borderline critique about pending public railroad issues. During my long railroad career, such displays of opinion were restricted normally to written official procedural decisions text. A lot of this is geographically following congestion and related intermodal rail service issues around Memphis. Here is my strategic view.

STB Advances CN-KCS Voting Trust Review

The Surface Transportation Board (STB) has directed proposed merger partners CN and Kansas City Southern (KCS) to submit by June 14 certain financial documents, which will inform public comments on their voting trust agreement.

Commentary

CN Voting Trust Clears STB New Merger Rules Tests. It Should Be Approved

Having been one of the three Surface Transportation Board (STB) Members who voted on the 2001 Major Merger Rules, it seems clear to me that the CN voting trust satisfies the new rules requirements addressing “unlawful control” and the “public interest” when deciding to approve or reject a voting trust. As such, it should be approved so that the Board and the public may move forward to consider the merits of the proposed transaction.

The CN-Kansas City Southern Merger, with JJ Ruest and Pat Ottensmeyer: RAIL GROUP ON AIR

CN President and CEO JJ Ruest and Kansas City Southern President and CEO Pat Ottensmeyer discuss the two railroads’ pending merger in detail with Railway Age Editor-in-Chief William C. Vantuono. How confident

Ruest, Ottensmeyer: Voting Trust “Meets the Public Interest Test”

During what will most likely be the first of many joint appearances as their merger process progresses, CN President and CEO JJ Ruest and Pat Ottensmeyer, his counterpart at Kansas City Southern, said that their jointly filed voting trust application “meets the Surface Transportation Board’s public interest test under current merger rules.”

Commentary

Is Amtrak’s 2035 Map Riding on the Surf Board? (UPDATED)

Amtrak is looking to expand its network of passenger trains, for the first time in two decades. The proposal by “America’s Railroad” to add dozens of new corridors and state-supported trains to its network has drawn both support and criticism from advocates: support because it marks a new attitude on Amtrak’s part favoring expansion (of some sort, at least); criticism because it does not go far enough toward pushing for more long-distance trains or recognizing the contributions of the citizen-advocates who have been calling for more trains throughout almost all of Amtrak’s 50-year history.

Support Grows for CN-KCS Combination

CN and Kansas City Southern (KCS) reported June 2 that they have received more than 400 letters of support for their proposed merger since KCS chose to partner with CN on May 21 over rival Canadian Pacific (CP).

Time for a New Class Exemption for Emergency Temporary Trackage Rights?

The Surface Transportation Board (STB) is initiating a rulemaking proceeding to establish a new “emergency temporary trackage
rights class exemption” that could be invoked during natural disasters, accidents or derailments; comments are due by July 12, 2021.

CP Speaks Out: More Stakeholder ‘Concern’ Over CN-KCS Proposal

Canadian Pacific (CP) reported June 1 that it “remains confident” in its “superior status” as Kansas City Southern’s (KCS) merger partner, noting that more than 130 stakeholders have filed statements with the Surface Transportation Board (STB) requesting the rejection of merger rival CN’s voting trust application.

STB to Class I’s: Keep Reporting Demurrage, Accessorial Charge Revenues

The Surface Transportation Board (STB) on May 28 sent identical letters to the Class I railroad CEOs—the second set of letters in as many days—requesting that they continue providing quarterly information about their revenues from demurrage and accessorial charges.

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