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CN's Mongeau back at the throttle
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…
Jason Seidl: CP "still a good play for patient investors"
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…
CP falls short of analyst expectations
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…
CP: Proposed merger would "alleviate" Chicago congestion
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…
CP-NS: Government advocacy is protected speech
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…
CP cries "antitrust!" to USDOJ
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 wins VIA Rail Canada contract
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…
Railroader of the Year: CARL ICE
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…
Jason Seidl: Notable changes at NS; recession fears grip CSX shares
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…
UP: We don’t need another merger. CP: Really?
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…
RSI promotes Patrick to VP of Trade Shows and Member Relations
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.
Jason Seidl: "Confidence improves slightly but remains weak"
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…
Norfolk Southern slimming down a bit
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…
CP: "Status quo not an option"
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…
STB now showing the letters
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,”…
AAR’s Warchot joins private law firm
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 submits Milton Logistics Hub EIS
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.
Railway Age announces winners of inaugural Fast Trackers contest
After nearly three months and 57 entries later, Railway Age editors, along with judges Nick Little, Managing Director of Michigan State University’s Railway Management Program and Ronald L. Batory, President…
BNSF’S CARL R. ICE NAMED RAILROADER OF THE YEAR
January 7, 2016: Carl R. Ice, President and Chief Executive Officer of BNSF Railway, has been named 2016 Railroader of the Year by railroad industry trade journal Railway Age. Ice…
Cowen, Chainalytics partner on truckload data
Wall Street analyst Cowen and Company has partnered with Chainalytics, a leading firm that collects tens of billions of annualized freight spend dollars covering well over 230 direct subscriptions with…
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