Regulatory

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Another white paper from Canadian Pacific Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper, CP-NS: A Comprehensive Approach to Regulatory Approval “detailing the comprehensive, merit-based process any merger application would be subject to at the Surface Transportation Board,” CP said.

rbn-energy-cbr-economics-aren’t-what-they-used-to-be
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a new analysis by RBN Energy. “With crude prices below $30/Bbl and...
stb-to-post-monthly-status-reports-on-s-808-reauthorization
Chairman Daniel R. Elliott on Feb. 2, 2016 announced that the Surface Transportation Board (STB) will be posting monthly status reports of its implementation of S.808, the STB Reauthorization Act of 2015, P.L. 114-110 (2015). The Reauthorization Act was enacted into...
gil-carmichael-1927-–-2016
Gilbert Ellzey “Gil” Carmichael, former Federal Railroad Administrator, and founder of the Intermodal Transportation Institute at the University of Denver, died Jan. 31, 2016 at Anderson Regional Medical Center in Meridian, Miss. He was 88. Carmichael, a successful automobile dealer and...
jason-seidl-ns-and-the-race-to-maximize-shareholder-value
Norfolk Southern shareholders “continue to find themselves in the enviable position of having two Class I management teams competing to maximize shareholder value,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “While NS management...
ns-new-strategic-plan-follows-a-challenging-year
Though Norfolk Southern’s fourth-quarter and 2015 financial results aren’t all that different from those of most other Class I railroads, NS has  been particularly compelled to develop an aggressive strategic plan because it is fending off a hostile takeover attempt. Speculation...

jason-seidl-ns-and-the-race-to-maximize-shareholder-value
Norfolk Southern shareholders “continue to find themselves in the enviable position of having two Class I management teams competing to maximize shareholder value,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “While NS management...
ns-new-strategic-plan-follows-a-challenging-year
Though Norfolk Southern’s fourth-quarter and 2015 financial results aren’t all that different from those of most other Class I railroads, NS has  been particularly compelled to develop an aggressive strategic plan because it is fending off a hostile takeover attempt. Speculation...
News item: Canadian Pacific (CP) is pursuing a hostile takeover of Norfolk Southern (NS). CP is asking the U.S. Justice Department to investigate whether NS and other U.S.-based major railroads—some of which oppose the takeover—are unlawfully conspiring for “the primary...
cp-cries-antitrust-to-usdoj
In the latest twist in the ongoing saga of Canadian Pacific’s increasingly hostile pursuit of a steadfast Norfolk Southern as a takeover target, CP is accusing several unnamed Class I railroads of joining forces to block the transaction, and prevailed...
will-fast-act-bring-fast-results?
After years of delays and extensions, a multi-year surface transportation bill is finally in place. Will it deliver on the advertised? On Dec. 4, 2015, President Barack Obama signed the Fixing America’s Surface Transportation (FAST) Act, a five-year federal transportation bill,...