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Intermodal up, carloads down in latest week For the week ending Feb. 6, 2016, North American freight rail traffic experienced a 10% gain in intermodal, and a corresponding drop in carloads, the Association of American Railroads (AAR) reported on Feb. 10, 2016.
Ackman to NS shareholders: I have a way to make you talk with me In what some industry observers believe may be a final attempt—short of a proxy battle—by hedge fund head Bill Ackman at a hostile takeover of Norfolk Southern, Canadian Pacific on Feb. 9, 2016, notified NS of its intent to submit a resolution to NS shareholders “to ask their board of directors to engage in good faith discussions with CP regarding a business combination transaction.”
Railway Age seeks nominations for 2016 Short Line/Regional Railroad of the Year Railway Age is now accepting entries for its annual Short Line/Regional Railroad of the Year competition. Short lines and regionals—and there are more than 500 of them—are invited to submit entries describing outstanding achievement in one or a combination of areas.
Metrolinx sets Toronto RER options GTA (Greater Toronto Area) region public transportation agency Metrolinx outlined the four options being considered for the core of the Toronto Regional Express Rail (RER) network at a board meeting on Feb. 10, 2016.
Fast trackers Railway Age’s inaugural Fast Trackers—10 Rising Stars Under 40, are ten individuals under the age of 40 who have made an impact in their respective fields or within their company.

Breaking News

metrolinx-sets-toronto-rer-options
February 11, 2016
GTA (Greater Toronto Area) region public transportation agency Metrolinx outlined the four options being considered for the core of the Toronto Regional Express Rail (RER) network at a board meeting on Feb. 10, 2016. The RER project involves the introduction of...
fta-sets-fy2017-funding-priorities
February 10, 2016
The Federal Transit Administration on Feb. 10, 2016 highlighted $3.5 billion recommended in President Obama’s Fiscal Year 2017 federal budget to advance the construction or completion of 31 public transit projects in 18 states, including 15 first-time funding recommendations. The...
carload-traffic-down-intermodal-back-up
February 10, 2016
For the week ending Feb. 6, 2016, North American freight rail traffic experienced a 10% gain in intermodal, and a corresponding drop in carloads, the Association of American Railroads (AAR) reported on Feb. 10, 2016. North American rail volume for the...
cn-targeting-c-billion-in-2016-capital-investments
February 10, 2016
CN announced on Feb. 10, 2016 the details of its 2016 plan to invest approximately C$2.9 billion in rail infrastructure and equipment “to raise network efficiency, support long-term growth and further strengthen safety.” CN plans to spend approximately C$1.5 billion on...
jason-seidl-gw-positioning-itself-well-for-2016
February 10, 2016
Despite a strong U.S. dollar, lower commodity prices and fewer coal shipments, Genesee & Wyoming Inc. on Feb. 10, 2016 reported a 2015 fourth-quarter revenue of $514.9 million, an increase of nearly 24% from the year-ago quarter, exceeding expectations of...

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Blogs and More

government-advocacy-is-protected-speech
January 19, 2016
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 purpose of restraining trade.” CP...
stb-now-showing-the-letters
January 08, 2016
Everything is out in the open, as it should be. Today (January 8, 2016), the Surface Transportation Board established a page on its website, “Major Railroad Mergers and Consolidations Correspondence,” that contains all the correspondence connected to the proposed merger of Canadian Pacific and Norfolk...
show-us-the-letters-stb
January 06, 2016
On January 5, 2016, Reuters published a story containing excerpts of letters reportedly sent to the Surface Transportation Board by industry groups representing several major Norfolk Southern freight customers. The letters ask the STB to reject a merger of Canadian Pacific and NS, should a...
centrist-approach-may-quiet-stb-debate
December 30, 2015
The critical takeaway from enactment in December of the Surface Transportation Board Reauthorization Act, S.808, is that, absent headline-capturing abuse of captive shippers by railroads, it is unlikely Congress will refocus anytime soon on diluting railroad market power.
shades-of-scrooge-marleys-ghost-and-the-grinch?
December 21, 2015
Santa Claus doesn’t rest on Christmas Eve. Neither, apparently, does Canadian Pacific. Santa does rest on Christmas Day, but the Class I railroad whose headquarters is, of all its contemporaries (with the exception of the Alaska Railroad), closest to Kris Kringle’s North Pole residence and...