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Transport Canada resumes modest rail safety regulation
After a train crash of criticism by Canada's Transportation Safety Board and the country's auditor-general, Transport Canada is softly moderating its three-wise-monkeys approach to railway regulation.
Cape Canaveral short line eyes extension
Florida's Canaveral Port Authority (CPA) has petitioned the Surface Transportation Board for permission to "construct and operate approximately 11 miles of new rail line to Port Canaveral (Port) in Brevard…
Unknotting rail congestion compels investment
Unraveling the knot restricting rail network fluidity cannot be achieved through Surface Transportation Board (STB) intimidation of rail CEOs, or by the agency's issuance of an emergency service order instructing…
STB reacts to coal-shipper beef with BNSF
The Western Coal Traffic League (WCTL) has petitioned the Surface Transportation Board to "require BNSF Railway Company (BNSF) to submit to the Board a coal-specific service recovery plan, and for…
Class I CEOs diverge on the merits of mergers
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. now 100% employee-owned
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…
CP + CSX: “No further talks are planned”
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…
STB asks CP to “clear ambiguities”
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…
What lurks behind the door Hunter Harrison opened?
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…
Sen. Durbin emerging as STB chairman's nemesis
"Tawdry," is how one Washington transportation attorney describes the self-interest assaults by powerful congressional lawmakers on federal regulatory agency officials.
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