Regulatory

During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably…
National Railway Equipment Co., headquartered in Mount Vernon, Ill., has completed transfer of the company to the newly formed NRE–Global Holdings Inc. (NRE), an Employee Stock Ownership Trust (ESOP). As…
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
The Surface Transportation Board, in a decision dated Oct. 14, 2014 (Docket No. EP 724, “United States Rail Service Issues,” has asked Canadian Pacific Railway to “answer specific questions to…
At age 70, when most of his contemporaries have retired, Canadian Pacific (CP) Chairman Hunter Harrison is plotting his legacy—a seamless North American transcontinental rail duopoly initiated by his proposed…
"Tawdry," is how one Washington transportation attorney describes the self-interest assaults by powerful congressional lawmakers on federal regulatory agency officials.
Greenbrier on Oct. 10, 2014 reiterated its support for the Pipelines and Hazardous Materials Safety Administration’s (PHMSA) proposed Option 2 design for new tank cars in flammable service built after…
The U.S. Surface Transportation Board announced Wednesday, Oct. 8, 2014 that it is requiring all Class I railroads to publicly file weekly data reports regarding service performance “to promote industry-wide…
Are corrosion protection strategies for rail “all hat and no cattle?” (all talk, no substance?). James McDonald, Terry Aben P.E., and Douglas Mittlesteadt of Hempel USA examine this subject for…
TTX Co. said the Surface Transportation Board has approved a five-year extension of TTX's pooling authority governing all types of flatcars, including those that handle intermodal traffic, finished automobiles, and…
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