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Carload traffic down, intermodal back up For the week ending Feb. 6, 2016, total U.S. rail traffic was 504, 510 carloads and intermodal units, down 1.4% compared with the same week in 2015, the Association of American Railroads (AAR) reported on Feb. 10. U.S. carloads fell nearly 12%; Canadian carloads dropped 7.3%; North American (U.S., Canada, Mexico) intermodal up 10%.
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.
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.
Rail renewal roundup Making the rail renewal process safer and simpler is a top priority among equipment manufacturers and contractors.

Breaking News

carload-traffic-down-intermodal-back-up
February 10, 2016
For the week ending Feb. 6, 2016, total U.S. rail traffic was 504, 510 carloads and intermodal units, down 1.4% compared with the same week in 2015, the Association of American Railroads (AAR) reported on Feb. 10. U.S. carloads fell...
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. Claude Mongeau, President and CEO, said: "CN is...
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...
ackman-to-ns-shareholders-we-have-a-way-to-make-you-talk-with-us
February 09, 2016
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...
amtrak-to-stb-intermediate-stops-count
February 09, 2016
In comments filed with the Surface Transportation Board’s Ex Parte 726, Notice of Proposed Rulemaking on On-Time Performance under Section 213 of the Passenger Rail Investment and Improvement Act of 2008 (PRIIA), Amtrak says that the only viable method of measuring...

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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...