STB

Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper,…
Chairman Daniel R. Elliott on Feb. 2, 2016 announced that the Surface Transportation Board (STB) will be posting monthly status reports of its implementation of S.808, the STB Reauthorization Act…
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,”…
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…
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…
The Surface Transportation Board (STB) on Dec. 17, 2015 announced the addition of the Rail Heritage Map to its online Railroad Map Depot created and maintained by the STB’s Office…
Top executives from three Class I railroads will be speaking at the 246th meeting of the Midwest Association of Rail Shippers (MARS) on Jan. 13–14, 2016, which will be held…
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…
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…
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…
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…
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.
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…
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…
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…
The Surface Transportation Board (STB) announced Nov. 9, 2015 that its staff will hold informal meetings with stakeholders between Nov. 16, 2015 and Dec. 7, 2015, on proposed rules for…
Linda J. Morgan, 63, the former U.S. Surface Transportation Board Chair who led the agency during the railroad megamergers of the 1990s, died Wednesday, Nov. 4, 2015, after a long…
Long-time advocate for freight rail shippers Consumers United for Rail Equity (CURE) announced on Sept. 10, 2015 “a new name and a new advocacy approach.”
The Surface Transportation Board has set the rail industry’s 2014 after-tax cost of capital at 10.65%, some 6% lower than the 2013 figure of 11.32%.
The Surface Transportation Board’s (STB) Office of Environmental Analysis (OEA) has issued a notice extending the deadline—for a second time—for filing comments on the Draft Environmental Impact Statement (EIS) for…
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