Management

The critical takeaway from enactment in December of the Surface Transportation Board Reauthorization Act, S.808, is that, absent headline-capturing abuse of captive shippers by railroads, it is unlikely Congress will…
Citing a “tepid macroeconomic climate that is impacting all freight transport providers, including truckers,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl is lowering…
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl reports on a recent dinner conversation with “a large private shipper” that focused on the proposed…
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…
The James R. Hoffa Memorial Scholarship Fund is now accepting applications for scholarship awards, the Brotherhood of Locomotive Engineer and Trainmen (BLET) announced on Dec. 18, 2015. The deadline for…
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…
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…
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…
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…
The rail industry and its many observers have been absorbed by the Canadian Pacific Railway’s pursuit of Norfolk Southern. Without recounting the entire story, the whole scenario (minus the regulatory…
Canadian Pacific (CP) on Dec. 16, 2015 announced a “revised, enhanced offer” in its bid to acquire Norfolk Southern (NS). The revised offer consists of, for each NS share, U.S.$32.86,…
December 7, 2015: A day that will live in infamy for anyone attempting to follow the volley of legalese and rhetoric being tossed about by Canadian Pacific and Norfolk Southern…
In response to the proposed merger between Canadian Pacific Railway (CP) and Norfolk Southern Corporation (NS), U.S. Senator Dick Durbin (D-Ill.) on Dec. 14, 2015 sent a letter signed by…
The National Railroad Construction and Maintenance Association, Inc. (NRC), elected two new members to its Board of Directors and released the winners of the 2015 NRC/RT&S Contractor and Safety Awards.
In a Dec. 10, 2015 interview with Bloomberg TV Canada, BNSF Executive Chairman Matt Rose stated that his company has spoken to both eastern Class I railroads about potential merger…
Canadian Pacific’s pursuit of Norfolk Southern has taken on the tone of a rough-and-tumble yet well-intentioned star athlete pulling out all the stops to capture the heart of his dream…
Norfolk Southern's Wick Moorman responds to Railway Age’s October 2015 issue cover story on Positive Train Control.
Refuting practically every purported benefit that Canadian Pacific has given, and citing substantial regulatory risks and uncertainties as well as many other negatives, Norfolk Southern on Dec. 4, 2015 loudly…
Canadian Pacific Railway on Dec. 3, 2015 ratified a multi-year collective agreement with the 300 locomotive engineers, assistant engineers, conductors and brakemen on CP U.S. subsidiary Dakota, Minnesota & Eastern…
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.
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