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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.
Shades of Scrooge, Marley's Ghost and The Grinch?
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…
RailComm buttons up Mississippi yard
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.
Harrison to Durbin, et al: “There appear to be some misconceptions”
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…
1,500 first responders along CN network sign up for new mobile app
Canadian National Railway (CN) announced Dec. 18, 2015 that more than 1,500 first responders along its rail network have downloaded the AskRail mobile app to access real-time information about the…
Jason Seidl: CVR or not, it's still mostly about Hunter
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…
Canada's Trudeau has final say on CP-NS merger
Rail industry cogitation focuses so far on Canadian Pacific's (CP) prospects for securing Surface Transportation Board (STB) approval for its—at first friendly and now increasingly hostile—attempt to take over Norfolk…
Top rail execs to provide industry insights at MARS Winter Meeting
Top executives from three Class I railroads will be speaking at the 246th meeting of the Midwest Association of Rail Shippers (MARS) on Jan. 13–14, 2016, which will be held…
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