“Although our first-quarter performance was impacted by several unique and challenging events, including the Polar Vortex, and lingering network congestion, our operating team is focused on improving operating metrics and customer service through PSR phase III,” President and CEO Patrick J. Ottensmeyer said.

KCS: Challenging 1Q21, Improving Outlook (Updated, Cowen)

Kansas City Southern’s first-quarter financials were slightly off from the prior-year period due to several factors, but the merger-bound Class I says it anticipates improved operating and service metrics and revenue growth this year.

KCS: Jeff Songer, John Orr in New Strategic Roles

Kansas City Southern (KCS), now in the midst of a merger with Canadian Pacific, has bolstered its executive leadership team with two strategic appointments: Jeffrey M. Songer in the new role of Executive Vice President-Strategic Merger Planning, and John F. Orr as Executive Vice President-Operations.

People News: STV, Bowman, Chesapeake & Delaware

STV promoted Paul E. Bobby and Kevin Carmody to Vice President positions; Bowman named Botts Smith Director of Transportation; and Chesapeake & Delaware named Renee LoSapio General Manager of Railroads.

CSX Starts Sale for Virginia’s $3.7B Rail Initiative

CSX Corp. has closed the first phase of its $525 million rail agreement with Virginia for the commonwealth’s $3.7 billion initiative to improve passenger and freight rail capacity and relieve automotive traffic congestion.

SMART-TD on CPKC: Waiver OK, Keep Our Protections

SMART Transportation Division (SMART-TD) President Jeremy R. Ferguson has sent a letter to Canadian Pacific (CP) President and CEO Keith Creel stating that the union he runs generally supports what CP and Kansas City Southern (KCS) are seeking from the Surface Transportation Board for their merger.

CP, KCS Counter DOJ ‘Concerns’

Merger applicants Canadian Pacific (CP) and Kansas City Southern (KCS) are refuting the U.S. Department of Justice’s (DOJ) recent filing with the Surface Transportation Board (STB) questioning use of a voting trust and granting KCS an exemption under merger rules established about 20 years ago.

Supply Side: Bentley, FourKites, LEDtronics

Infrastructure engineering software firm Bentley Systems, Inc., is developing applications for digital twins with NVIDIA Omniverse; the FourKites® real-time supply chain visibility platform is offering a Tracking Quality Guarantee; and LEDtronics® is producing a new LED light fixture with an energy-efficient, high-lumen output.

AAR Week 14: Carload, Intermodal Traffic Up

Total U.S. rail traffic for the week ending April 10, 2021 rose 24.5% over the prior-year period, according to an Association of American Railroads (AAR) report released April 14.

What Do Shippers Seek From Railroads?

Resiliency is among the key takeaways from Sergio Rebelo, who kicked off the recent 2021 Rail Equipment Finance (REF) Virtual Conference. He is the MUFG Bank Distinguished Professor of International Finance at Northwestern University’s Kellogg School of Management.

CPKC: Tri-National Considerations

After a thorough review of my mergers and acquisitions career work, I have reached the conclusion that the Canadian Pacific-Kansas City Southern (“CPKC”) combination has several less-than-optimal locations where overall system performance affecting three nations—the U.S., Mexico and Canada—could be addressed and improved during Surface Transportation Board review.

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