Management

Despite decreases in carloadings and revenue ton-miles, CN on Jan. 26, 2015 posted solid financials for fourth-quarter and full-year 2015. Significant in its results are record free cash flow and…
BNSF Railway Company (BNSF) on Jan. 26, 2016 announced a $4.3 billion 2016 capital expenditure plan that “will focus on helping to ensure the company continues to operate a safe…
The Midwest Association of Rail Shippers (MARS) elected its 2016 slate of officers at the annual winter meeting earlier in January.
CN President and CEO Claude Mongeau has returned to work after fully recovering from a surgical procedure and will lead the company’s Jan. 26, 2015 earnings call to discuss fourth-quarter…
Canadian Pacific’s fourth-quarter and full-year 2015 financial results were slightly below analyst expectations yet “still solid given the macro challenges,” according to Cowen and Company Managing Director and Railway Age…
Amid a North-American-wide slump in traffic volume, falling prices for railroad-transported commodities like coal and oil, and an economy that appears to be increasingly unstable, Canadian Pacific, the second publicly…
Following a letter submitted to the U.S. Department of Justice in which Canadian Pacific accused several Class I railroads of joining forces to put a stop to its pursuit of…
News item: Canadian Pacific (CP) is pursuing a hostile takeover of Norfolk Southern (NS). CP is asking the U.S. Justice Department to investigate whether NS and other U.S.-based major railroads—some…
In the latest twist in the ongoing saga of Canadian Pacific’s increasingly hostile pursuit of a steadfast Norfolk Southern as a takeover target, CP is accusing several unnamed Class I…
SISCOG, a Portugal-based software company that specializes in solutions for optimized planning and management of resources in transportation companies has secured a contract with a new international client: VIA Rail…
BNSF’s President and CEO leads a railroad that continuously sets high standards for investment, service quality, profitability and safety. Following is the complete interview, as published in the January issue…
Norfolk Southern’s Jan. 12, 2015 announcement about consolidating its Pocahontas and Virginia divisions “is notable,” and CSX is facing “continued industrial challenges,” according to Cowen and Company Managing Director and…
In remarks at the Midwest Association of Rail Shippers annual meeting on Jan. 13, 2015, Lance M. Fritz, President and CEO of Union Pacific, while declining to comment specifically on…
The Railway Supply Institute (RSI) has promoted Amanda Patrick to the position of Vice President of Trade Shows and Member Relations, the association announced Jan. 14, 2016.
The results from Cowen and Company’s Fourth Quarter 2015 Rail Shipper Survey “continue to show demand weakness, a lack of confidence in the economy and that further truckload rate deterioration…
Most likely to assist in heading off Canadian Pacific’s next move toward an acquisition, Norfolk Southern announced on Jan. 12, 2016 that it is consolidating two of its divisions and…
Following a period of relative quiet over the Christmas holiday, Canadian Pacific’s endeavor to acquire Norfolk Southern has picked up steam with issuance of a white paper, “A 21st Century…
Everything is out in the open, as it should be. Today (January 8, 2016), the Surface Transportation Board established a page on its website, “Major Railroad Mergers and Consolidations Correspondence,”…
Association of American Railroads Senior Vice President-Law and General Counsel Louis P. Warchot has joined the Transportation practice of Sidley Austin LLP as counsel in its Washington, D.C. office.
CN on Jan. 7, 2016 submitted its Environmental Impact Statement (EIS) to the Canadian Environmental Assessment Agency (CEAA) for its proposed logistics hub/intermodal facility to be built in Milton, Ontario.
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