Union Pacific (UP) is serving Roehm’s new petrochemical plant in Bay City, Tex. Also, Canadian Pacific Kansas City’s (CPKC) team in Portage, Wis., marks nine years injury-free; and BNSF nears the finish line at the Cicero Intermodal Facility in Illinois.
Pricing expectations stalled in second-quarter 2025 and remain below our rail shipper survey’s long-term average. Business growth fell modestly sequentially to levels not seen since COVID. Economic confidence improved marginally, though well below the survey average. 47% of shippers would support a transcontinental merger. We are cautious for the rail group into earnings, though we favor Union Pacific (UP).
The Surface Transportation Board (STB) on July 7 announced a decision confirming the Kansas City Southern Railway Company’s (KCSR, now part of Canadian Pacific Kansas City (CPKC) with Canadian Pacific Railway (CP))
FINANCIAL EDGE, RAILWAY AGE JULY 2025 ISSUE: At the 11th annual Rail Insights conference, participants from the Class I railroads and government and equipment sectors discussed the industry for the remainder of 2025 and beyond. Following are the key conference takeaways.
The Surface Transportation Board (STB) on July 1 denied a petition for injunctive relief and application for an emergency service order by Metra, which is in dispute with Union Pacific over regional/commuter rail service on UP-owned lines in the Chicago area.
The Oregon Legislature on June 30 approved a $100 million investment in the Pacific Coast Intermodal Port (PCIP), a public-private project that will create a state-of-the-art container terminal in the Port of Coos Bay.
EQT Real Estate on July 2 announced that EQT Exeter Industrial Value Fund VI has acquired a 2.04-million-square-foot portfolio of modern logistics facilities in Manteca, Calif.
The National Transportation Safety Board (NTSB) has released the final report for its investigation of the July 6, 2024, accident involving a Union Pacific (UP) conductor fatally injured during a shoving operation in the Class I railroad’s Proviso Yard in Melrose Park, Ill.
CSX makes major infrastructure upgrades at Avon Yard in Indiana. Also, BNSF adds Watco’s Timber Rock Railroad (TIBR) to its “Shortline Select” program; and Union Pacific (UP) celebrates its 163rd birthday with the new commemorative No. 1616 Lincoln locomotive.
The Surface Transportation Board (STB) on June 30 denied both a request from BNSF to issue an order clarifying that it has the right to serve a Texas-based shipper and a petition for enforcement for BNSF to serve an Arkansas-based shipper—pursuant to conditions imposed by the Board as part of the Union Pacific-Southern Pacific merger approval.