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CP’s Holiday Train ready to ride again
The Canadian Pacific (CP) Holiday Train program is ready to go for its 17th year, bringing with it food, cash donations and awareness to local food banks and food shelves…
CP-NS: Voting trust and other conundrums
Levitation takes two forms among railroads—magnetic levitation relating to futuristic high-speed passenger transport, and stock levitation associated with bidding wars for asset control.
Rail traffic takes a dive
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…
CSX’s Santa Train completes its 73rd run
CSX’s Santa Train completed its 73rd run on Nov. 21, 2015 in Kingsport, Tenn., after having made its inaugural run in 1943 as a good will gesture to residents of…
AAR: Rail traffic stays on the decline
For the week ending Nov. 14, 2015, total U.S. rail traffic was 543,681 carloads and intermodal units, down 4.7% compared with the same week in 2014, the Association of American…
CP + NS fully in play
The day after confirming that it had made an offer to Norfolk Southern—and following NS’s tepid response—Canadian Pacific on Nov. 18, 2015 disclosed the contents of the offer letter it…
CP pursuing NS. Game on!
It’s official: Canadian Pacific on Nov. 17, 2015 sent an offer letter to Norfolk Southern proposing a merger (an acquisition, really) “that would create a transcontinental railroad with the scale…
CP-NS transcon a craps table roll
Few obstacles bedevil railroads as has the Mississippi River. Spanning it was the nation’s first rail bridge in 1856—promptly assaulted by steamboat Effie Afton. While the bridge was repaired and…
BNSF evaluating drones in New Mexico
BNSF has tested a UAS (unmanned aerial system, better-known as a drone) supplied by Boeing Co. subsidiary Insitu Inc. in east-central New Mexico, on approximately 132 miles of main line…
CSX CFO discusses 2015 performance, 2016 outlook
CSX Chief Financial Officer Frank Lonegro on Nov. 10, 2015 reinforced the company’s 2015 guidance and outlined expectations for key markets in 2016 at the Baird Industrial Conference in Chicago,…
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