With Railway Age since 1992, Bill Vantuono has broadened and deepened the magazine's coverage of the technological revolution that is so swiftly changing the industry. He has also strengthened Railway Age's leadership position in industry affairs with the conferences he conducts on operating passenger trains on freight railroads and communications-based train control.
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl reports on a recent dinner conversation with “a large private shipper” that focused on the proposed Canadian Pacific-Norfolk Southern merger, rail pricing, railcar sourcing, and the U.S. economy. Following are his observations:
Amtrak activated its final segment of ACSES (Advanced Civil Speed Enforcement System), its version of Positive Train Control (PTC), along the Northeast Corridor on Dec. 18, 2015. ACSES is now fully functional on all Amtrak-owned track between Washington, D.C., and Boston, almost two weeks before the Congressionally imposed original deadline of Dec. 31, which has since been extended by three years.
Denver, Colo.-based short line holding company OmniTrax is selling the Port of Churchill and Hudson Bay Railway Company (HBRY) to an unidentified group of northern Manitoba-based First Nations for an undisclosed sum.
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 workshop has chosen not to follow his lead.
RailComm has completed installation of a remote control system for 19 switch machines at the north end of a Class I yard in Jackson, Miss.
As Canadian Pacific continues to pursue a merger with Norfolk Southern, CP CEO Hunter Harrison sent a response to the members of the Illinois Congressional delegation (all Democrats) who sent a letter to the Surface Transportation Board on De. 14, 2015 expressing concerns about the potential transaction.
Amtrak announced on Dec. 17, 2015 that its Chicago-San Antonio Texas Eagle (Trains 21 and 22) is operating on a new route between Fort Worth and Dallas, and that the U.S. Senate confirmed Tony Coscia and Derek Kan as Amtrak board of directors members.
Montreal’s Agence Metropolitaine de Transport (AMT) on Dec. 17, 2015 launched an international call for tenders to acquire new commuter railcars and award a contract for operation and maintenance of its entire passenger rail fleet.
Amtrak may not be winning any awards for on-time performance, but it is getting special recognition from PETA (People for the Ethical Treatment of Animals).
According to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, “The addition of a contingent value right (CVR) is Canadian Pacific’s way of providing Norfolk Southern shareholders with an insurance backstop, another effort by the Canadian Class I to put its money where its mouth is.”