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Canada's Trudeau has final say on CP-NS merger
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…
Festivus, railroad style
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…
CP ups the ante; NS responds
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,…
CP to NS: 4,926 words; 37 footnotes
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…
Sen. Durbin to STB: Consider negative impacts of potential CP-NS merger
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…
NRC names two to board; announces safety award winners
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.
Jason Seidl: “It's either seven or four”
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…
CP sweetens deal as NS calls up reinforcements, says “no” again
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…
Untangling the tale of PTC
Norfolk Southern's Wick Moorman responds to Railway Age’s October 2015 issue cover story on Positive Train Control.
NS to CP: Proposed merger "a poor combination"
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…
CP ratifies DM&E BLET agreement
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…
CP-NS: Voting trust and other conundrums
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.
Rail traffic takes a dive
For the week ending Nov. 21, 2015, total U.S. weekly rail traffic was 532,532 carloads and intermodal units, down 5.7% compared with the same week last year, the Association of…
CP + NS fully in play
The day after confirming that it had made an offer to Norfolk Southern—and following NS’s tepid response—Canadian Pacific on Nov. 18, 2015 disclosed the contents of the offer letter it…
CP pursuing NS. Game on!
It’s official: Canadian Pacific on Nov. 17, 2015 sent an offer letter to Norfolk Southern proposing a merger (an acquisition, really) “that would create a transcontinental railroad with the scale…
CP-NS transcon a craps table roll
Few obstacles bedevil railroads as has the Mississippi River. Spanning it was the nation’s first rail bridge in 1856—promptly assaulted by steamboat Effie Afton. While the bridge was repaired and…
BNSF evaluating drones in New Mexico
BNSF has tested a UAS (unmanned aerial system, better-known as a drone) supplied by Boeing Co. subsidiary Insitu Inc. in east-central New Mexico, on approximately 132 miles of main line…
William J. Quinn, 1911-2015
William J. Quinn, whose 40-year railroading career culminated as Chairman and CEO of the Milwaukee Road, died Oct. 24, 2015 at the Glen Care Center in Glenview, Ill. He was…
CP + NS is in play: Reports
Canadian Pacific Railway has held early-stage merger talks with Norfolk Southern and is raising financing for an acquisition, according to Nov. 9, 2015 news reports citing confidential sources at both…
Anacostia Rail Holdings announces CSS, NY&A promotions
Anacostia Rail Holdings, Inc. a short line railroad holding company, announced on Nov. 6, 2015 two promotions to senior management at its Chicago South Shore & South Bend and New…
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