Know your colors and words: Canadian Pacific has filed a preliminary proxy statement and accompanying “BLUE” proxy card with the Securities and Exchange Commission (SEC) to be used to solicit votes of Kansas City Southern (KCS) shareholders to vote “AGAINST” the proposed CN-KCS combination at a scheduled Aug. 19, 2021 KCS special shareholders meeting.
The U.S. Senate has voted 67-32 to consider a nearly $1 trillion national infrastructure package, following a compromise by President Joe Biden and a bipartisan group of senators on key provisions, including $39 billion for public transit and $66 billion for passenger and freight rail.
This report comes to you from Amtrak Train 49, the Lake Shore Limited, en route from New York to Chicago. While this is an unusual location from which to file a story, it is
“Our ability to deliver sustainable, profitable growth has never been stronger,” Canadian Pacific (CP) President and CEO Keith Creel said during the railroad’s second-quarter 2021 earnings announcement.
July 29, 2021, FRANK N. WILNER, reporting from Washington D.C. (Copyright© 2021, Railway Age): Another step in a lengthy, tortuous and torturous slog toward reducing—where efficient and safe—train crew size to just one locomotive engineer was achieved by three Class I railroads July 28 with the finalizing of four binding arbitration awards.
For the week ending July 24, 2021, total U.S. rail traffic came in at 503,219 carloads and intermodal units, growing 4.6% from the same week last year, the Association of American Railroads (AAR) reported on July 28.
Victoria County (Texas) Navigation District has selected TNW Corp. to provide rail operations for the Port of Victoria (POV) and to co-develop a planned multi-modal logistics facility.
Class III common carrier East Chicago Rail Terminal has teamed with sister company East Chicago Transload to launch switching services and transloading at one northwest Indiana location.
Norfolk Southern (NS) in second-quarter 2021 delivered “another solid performance of sequential operating ratio improvement,” Chairman, President and CEO James A. Squires said July 28 during an earnings announcement. Revenue and volume rebounded from last year, he reported, up 34% and 25%, respectively.
Effective Aug. 26, 2021, the Federal Railroad Administration is revising regulations governing changes to Positive Train Control (PTC) systems and reporting on PTC system performance.