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.
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.”
December 7, 2015: A day that will live in infamy for anyone attempting to follow the volley of legalese and rhetoric being tossed about by Canadian Pacific and Norfolk Southern as CP attempts to marry up with NS in what may be beginning to look more and more like a shotgun wedding officiated by The Rev. Bill Ackman.*
The Greenbrier Companies, Inc. on Dec. 15, 2015 announced that, since Sept. 1, 2015, the beginning of its fiscal year, it has received orders for approximately 1,800 railcar units valued at nearly $170 million.
New Jersey-based Stadler U.S. Inc., a subsidiary of Bussnang, Switzerland-based Stadler Rail Group, will open a temporary manufacturing and assembly facility in Utah as part of the first phase of its 15-year plan to expand North American manufacturing. Stadler Rail is currently selecting a U.S. manufacturing location. Utah, is in the running for the permanent location.
Cowen and Company’s Matt Elkott expects freight car builder The Greenbrier Companies (GBX) “to make strategic adjustments to position itself well amidst changing railcar dynamics, potentially through acquisitions.”
In a Dec. 10, 2015 interview with Bloomberg TV Canada, BNSF Executive Chairman Matt Rose stated that his company has spoken to both eastern Class I railroads about potential merger activity. “We have long believed BNSF would be involved in the industry potentially consolidating from seven carriers to four,” says Cowen & Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “We continue to believe Norfolk Southern shares will outperform and that investors will start to look at eastern rival CSX.”
Canadian Pacific’s pursuit of Norfolk Southern has taken on the tone of a rough-and-tumble yet well-intentioned star athlete pulling out all the stops to capture the heart of his dream woman, a relationship-shy political science major who continues to resist her suitor’s advances with perfectly logical yet unemotional reasons why the two aren’t right for each other.
Norfolk Southern's Wick Moorman responds to Railway Age’s October 2015 issue cover story on Positive Train Control.
Refuting practically every purported benefit that Canadian Pacific has given, and citing substantial regulatory risks and uncertainties as well as many other negatives, Norfolk Southern on Dec. 4, 2015 loudly and firmly rejected CP’s proposal to merge the two railroads into a transcontinental.
RailComm has completed installation of a yard automation system and a CAD (computer-aided dispatch) system at U.S. Sugar in Clewiston, Fla.
Canadian Pacific Railway on Dec. 3, 2015 ratified a multi-year collective agreement with the 300 locomotive engineers, assistant engineers, conductors and brakemen on CP U.S. subsidiary Dakota, Minnesota & Eastern Railway (DM&E) represented by the Brotherhood of Locomotive Engineers and Trainmen (BLET).
Miner Enterprises Inc. has earned the Certified Welding Fabricator (CWF) accreditation from the American Welding Society (AWS) for its Rail Products Division facility in Saltillo, Mexico. The AWS awards the CWF accreditation to companies that meet high standards of training, equipment, and quality management in their welding operations.
For the week ending Nov. 21, 2015, total U.S. weekly rail traffic was 532,532 carloads and intermodal units, down 5.7% compared with the same week last year, the Association of American Railroads reported on Nov. 25. U.S. carloads fell nearly 10%; Canadian carloads dropped nearly 13%. Intermodal for some sectors saw modest gains.