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Leaked letters to STB indicate shipper concerns over CP+NS
Reuters, which originally broke the story late last year about Canadian Pacific’s targeting of Norfolk Southern for acquisition before CP officially announced it, has published excerpts of several letters to…
KCS releases annual ‘state of the railroad’ report
In its 2015 state of the railroad report, released to employees on Jan. 4, 2015, Kansas City Southern (KCS) said the company will see many of the same challenges in…
CP Holiday Train benefits nearly half a million
The 17th year of the Canadian Pacific Holiday Train program “saw tremendous crowds, generous donations and big smiles as it etched its way across Canada and the northern U.S.,” according…
Centrist approach may quiet STB debate
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…
Jason Seidl: "A tepid macroeconomic climate"
Citing a “tepid macroeconomic climate that is impacting all freight transport providers, including truckers,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl is lowering…
Compromised coal loadings lead week 51 carload crash
The Association of American Railroads, in reporting rail traffic for the week ending Dec. 26, 2015 (week 51), noted that total U.S. weekly rail traffic was 391,107 carloads and intermodal…
Jason Seidl: Guess who came to dinner
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…
AAR: Rail traffic continues to drop
For the week ending Dec. 19, 2015, total U.S. rail traffic was 525, 555 carloads and intermodal units, down 9.5% compared with the same week in 2014, the Association of…
NS says "no" for the third time; CP "will review strategic alternatives"
Norfolk Southern on Dec. 23, 2015 rejected Canadian Pacific’s third and most recent proposal to acquire NS. CP on Dec. 16 offered $32.86 in cash, a fixed exchange ratio of…
CN campaign raises C$1.8 million for charities
Canadian National Railway (CN) announced Dec. 17, 2015 that the 2016 CN Employees' and Pensioners' Community Fund (the Fund) campaign raised a record C$1,857,920 for charities across Canada.
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