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Jason Seidl: CSX, EHH getting close?
Late on Feb. 14, CSX Corp. announced it plans to hold a special shareholder meeting on Feb. 16 after discussions for E. Hunter Harrison to take over the reins as…
CSX calls special shareholders meeting to consider Harrison proposals
CSX late on Feb. 14 called a special meeting of shareholders to consider what it termed “extraordinary requests” by hedge fund Mantle Ridge LP and former Canadian Pacific CEO Hunter…
VIDEO: In Chicago, Norfolk Southern opens locomotive repair center
Norfolk Southern today opened a new locomotive maintenance and repair facility in Chicago, enhancing its services in the largest U.S. rail hub.
Financial Edge February 2017: Chuck the steering wheel out the window
Among the daredevil set, the cadre of YouTube videos of drivers that attempt to stress the limitations of Tesla’s driver assist (or self-driving) mode (searching “Tesla Autopilot” yields a search…
"CP Has Heart" benefits real hearts
February is Heart Month in Canada, and Canadian Pacific is involved in two charity partnerships to benefit the Children’s Hospital of Eastern Ontario (CHEO) and the University of Ottawa Heart…
New, potentially disruptive businesses
This is Jim Blaze, rail economist and teacher—sometimes a reporter; always one who questions. I’m concerned about how the “Big 7” railroads are going to address their next five to…
Port of Virginia: Record TEUs as terminal expansion begins
The Port of Virginia set a record for monthly volume, 228,516 TEUs in January, an increase of 18.5% from the same month the previous year, and up 8% year-to-date.
Oroville Dam emergency delaying UP trains
The Oroville Dam emergency is causing delays of 24-48 hours for Union Pacific freight moving between Oregon, Washington and Southern California.
Congress: A noisy hall with a nightly brawl
With early indications that the Trump Administration is a political version of the Jerry Springer show, expect an atypical legislative session, with the Republican majority sometimes in open conflict with…
Weather delaying grain exports from PNW
Exporters moving U.S. grain to Asian markets continue to struggle with harsh winter weather that’s delayed shipments via rail to ports in the Pacific Northwest.
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