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CP + CSX: “No further talks are planned”
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
FEIS, ROD issued for CREATE 75th St. CIP
The Federal Highway Administration (FHWA) has issued a combined Final Environmental Impact Statement (EIS) and Record of Decision (ROD) for the Chicago Region Environmental and Transportation Efficiency (CREATE) Program 75th…
KCS reports record 3Q revenue
Kansas City Southern on Friday, Oct. 17, 2014 reported third-quarter 2014 revenue of $678 million, up 9% from the third quarter of 2013. Carload volumes for the quarter were up…
Gains keep coming for U.S. freight rail traffic
U.S. freight rail traffic kept advancing in the latest week ending Oct. 11, 2014, the Association of American Railroads (AAR) reported Thursday, Oct 16, suggesting continued U.S economic strength may…
New Mexico Border Authority awards feasibility study to HNTB
The New Mexico Border Authority has selected HNTB Corp. perform a comprehensive study determining the feasibility of a new rail bypass and international rail border crossing near the Santa Teresa,…
STB asks CP to “clear ambiguities”
The Surface Transportation Board, in a decision dated Oct. 14, 2014 (Docket No. EP 724, “United States Rail Service Issues,” has asked Canadian Pacific Railway to “answer specific questions to…
CSX posts record 3Q 2014 results
CSX posted record third-quarter 2014 net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last…
Cummins showcases passenger engine lineup at APTA
Cummins Inc. is presenting its engine lineup for public transportation customers at the American Public Transportation Association (APTA) Expo in Houston. Products available for both transit bus and rail markets…
What lurks behind the door Hunter Harrison opened?
At age 70, when most of his contemporaries have retired, Canadian Pacific (CP) Chairman Hunter Harrison is plotting his legacy—a seamless North American transcontinental rail duopoly initiated by his proposed…
CSX rejects CP merger proposal
Canadian Pacific has approached CSX about a merger, and CSX has rejected the proposal, according to reports in The Wall Street Journal, New York Times, Toronto’s Globe & Mail, and…
Sen. Durbin emerging as STB chairman's nemesis
"Tawdry," is how one Washington transportation attorney describes the self-interest assaults by powerful congressional lawmakers on federal regulatory agency officials.
U.S. freight traffic powers into October
U.S. freight traffic continued to notch gains during the week ending Oct. 4, 2014, the Association of American Railroads reported Thursday, Oct. 9.
AIG expands liability limits to $1 billion
American International Group, Inc. (AIG) has expanded excess casualty liability limits for Class I railroads in the U.S. and Canada to $1 billion per occurrence.
STB requiring weekly Class I service performance reports
The U.S. Surface Transportation Board announced Wednesday, Oct. 8, 2014 that it is requiring all Class I railroads to publicly file weekly data reports regarding service performance “to promote industry-wide…
No injuries reported in Saskatchewan derailment
Canadian officials reported no injuries Wednesday morning, Oct. 8, 2014, in the aftermath of a CN train derailment occurring Tuesday near Wadena, Saskatchewan that generated smoke and some fears of…
Analyst: CP “on to another finish line with sweat and speed”
Canadian Pacific Railway, under the leadership of CEO E. Hunter Harrison, is “raising the bar, again,” according to Cowen & Co. Managing Director and Railway Age Wall Street Contributing Editor Jason…
AAR: September ends with U.S. freight traffic up
U.S. freight traffic finished the last full week of the month ending Sept. 27, 2014 the same way it ploughed through the full month itself, with gains, the Association of…
CP’s Harrison sets 2018 financial goals
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more…
AAR comments to PHMSA stress efficiency as well as safety
The Association of American Railroads on Sept. 30, 2014 submitted its comments on the U.S. Department of Transportation-Pipeline and Hazardous Material Safety Administration (PHMSA) NPRM (Notice of Proposed Rulemaking) on…
CSX hosts first-responder CBR training at SERTC
Forty first-responders representing 30 communities around CSX’s railroad network have undergone crude-by-rail (CBR) incident response training at the Security and Emergency Response Training Center (SERTC) in Pueblo, Colo.
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