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CP earns key analyst upgrade
In his proxy fight for control of Canadian Pacific, Pershing Square Capital Management hedge fund chief Bill Ackerman contends that the railroad's management has failed to seize opportunities to improve its performance.
STB: Michigan files to acquire NS line
The Surface Transportation Board says Michigan's Department of Transportation has filed an Acquisition Exemption, requesting permission for MichDOT to acquire two sections of NS rights-of-way totaling about 135 miles.
NS, MichDOT, Amtrak resolve slow-order spat
Michigan's Department of Transportation, Norfolk Southern Corp., and Amtrak reportedly have reached agreement on work designed to remove or reduce slow orders NS imposed last month on right-of-way between Kalamazoo,…
UP cites safest hazmat shippers
Union Pacific has named 74 companies as annual Pinnacle Award recipients for chemical transportation safety.
NS “Train Your Brain” safety campaign hits Alabama
Now in its sixth year, Norfolk Southern’s “Train Your Brain” public safety program has reminded more than half a million people “to be smart and alert around highway-rail grade crossings…
Canadian Pacific proxy battle heats up
The stage has been set for Canadian Pacific’s annual shareholders meeting on May 17, where hedge fund Pershing Square Capital Management will attempt a takeover of CP and replace the…
UP receives Toyota Logistics Services award
Toyota Logistics Services recognized Union Pacific Railroad as the top rail transportation provider with its 2011 President's Award. UP received the award for its high level of overall logistics excellence…
TRANSCAER awards honor Class I’s, short line
TRANSCAER® (Transportation Community Awareness and Emergency Response) has honored several Class I railroads, and one short line, with the organization's 2011 National Awards.
U.S. freight traffic remains mixed: AAR
U.S. freight traffic continued its split personality impersonation spanning most of 2012 for the week ending March 31, 2012.
Rail Logistics-Cold Train announces partnership
Quincy, Wash.-based Rail Logistics-Cold Train and Interstate Distributor Co. have announced a partnership in which Cold Train will utilize a dedicated fleet of trucks from Interstate Distributor Co. for short-haul…
Regan Smith, Furniture Row/CSX Play it Safe Chevrolet notch top-20 at Martinsville
Regan Smith, driving the no. 78 Furniture Row/CSX Play it Safe Chevrolet, rebounded to a 16th-place finish in the Goody’s Fast Relief 500 Sprint Cup race at Martinsville Speedway on…
Buffett: Beware of environmental "shortcuts"
Well-run companies that fill a lasting need and do the least damage to the environment are known to be the kind of businesses that Berkshire Hathaway's Warren Buffett likes to acquire.
CN, CSX offer rail interchange at Chicago
Canadian National has announced a new rail interchange service with CSX Transportation (CSX) over the Chicago gateway. Prior to this agreement, CN and CSX exchanged containers in Chicago only by truck.
Gaining strength, KCS initiates cash dividend
In a sign of growing financial strength, Kansas City Southern's board of directors has decided to initiate a quarterly cash dividend for holders of its common stock.
House extends surface transport funding again
Unable to craft its own long-term surface transportation bill, and equally unable to agree to a Senate version already passed by the upper house, the House of Representatives Thursday managed…
U.S. carload traffic slump continues
U.S. freight carload traffic for the week ending March 24, 2012 fell significantly, down 7.2%, measured against the comparable week in 2011, the Association of American Railroads (AAR) said Thursday,…
STB seeks less formal litigation, more mediation
The Surface Transportation Board has initiated proposals to encourage more mediation and arbitration for the resolution of issues coming before the Board.
Standard & Poor's upgrades KCS credit rating
Standard & Poor's on Tuesday upgraded Kansas City Southern's credit rating to B+ with a positive outlook, one level below an investment grade rating, which would further cut borrowing costs. The upgrade…
CN sells two rail segments to Metrolinx
CN said Tuesday it would sell two rail segments in the Greater Toronto Area to Metrolinx for C$310.5 million.
AAR: U.S. freight traffic remains mixed
U.S. freight carload traffic for the week ending March 17, 2012 fell 5.3% compared with the same week in 2011, the Association of American Railroads said Thursday. But U.S. intermodal…
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