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STB seeks PRIIA Section 213 revisions
The U.S. Surface Transportation Board on Dec. 28, 2015 issued two interrelated decisions—a Notice of Proposed Rulemaking (NPRM) and Proposed Policy Statement (PPS)—proposing revised definitions and policy guidance for passenger…
Omnibus bill extends short line tax credit, funds TIGER and safety grants
The U.S. House of Representatives and Senate passed an omnibus spending bill late last week that will keep federal agencies funded through the end of September 2016.
Harrison to Durbin, et al: “There appear to be some misconceptions”
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…
Jason Seidl: CVR or not, it's still mostly about Hunter
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…
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…
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…
SLSI names Executive Director; selects Advisory Board, Board of Directors
The Short Line Safety Institute (SLSI) has selected Ron Hynes as Executive Director to “advance its mission of providing the leadership to enhance the safety culture and safety conformance of…
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…
House passes S. 808; next stop: the President
The U.S. House of Representatives on Dec. 10, 2015 passed S. 808, the Surface Transportation Board (STB) Reauthorization Act of 2015, which among other provisions, will increase the number of…
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