Class I Briefs: CN, CPKC
CN pledges $10 million to support natural disaster relief efforts. Also, CN and Canadian Pacific Kansas City (CPKC) continue negotiations with the Teamsters Canada Rail Conference (TCRC).
CN pledges $10 million to support natural disaster relief efforts. Also, CN and Canadian Pacific Kansas City (CPKC) continue negotiations with the Teamsters Canada Rail Conference (TCRC).
As we predicted last month, shareholders resoundingly rejected an attempt by activist investor Ancora to take control of Norfolk Southern’s board and fire CEO Alan Shaw at Norfolk Southern’s annual meeting this
A New York State Comptroller Report, Annual Update: Metropolitan Transportation Authority’s Debt Profile (download below), says that the nation’s largest public transportation agency’s capital program for maintaining and upgrading the regional transit
Chemical products manufacturer and distributor SMC Global on May 9 reported acquiring property from Union Pacific (UP) to allow for future rail service to its Kansas City, Kans., production location. The “half-mile
Washington Metropolitan Area Transportation Authority (WMATA) is officially retiring its 1980s-era equipment from Italian firm Breda (now Hitachi Rail Italy). Also, the 2024 federal budget allocates $500 million to Santa Clara Valley Transportation Authority’s (SCVTA) BART Silicon Valley Extension Project in California; a new public transit development agency is eyed for Québec; and more transit-oriented development (TOD) is planned for Montréal.
The Transportation Security Administration (TSA) on May 9 announced that it has appointed nine people as voting members of the Surface Transportation Security Advisory Committee (STSAC).
Luisa Fernandez-Willey has joined CN as Principal Economist, Financial Planning and Sustainability. Based in Washington D.C., Fernandez-Willey “will conduct comprehensive research, examine market trends and economic trends, and provide useful insights to support
The Montreal Port Authority (MPA) releases its 2023 operating results. Also, The Port of Virginia’s holds its annual State of the Port.
The votes from Norfolk Southern’s May 9 42nd Annual Meeting Shareholders have been tabulated and the results are clear. Following a months-long proxy battle launched by activist investor Ancora Holdings Group and
One of our society’s current mantras is to “Follow the Science.” Unfortunately, this oft-repeated phrase cannot distinguish between science and myth, so one may not always be perfectly clear about the causes,
CSX commits $50,000 to Penn State Altoona to create a railroad engineering scholarship program, and will continue to serve the Kearney Companies-Savannah Garden City, Ga., facility. Also, Canadian Pacific Kansas City (CPKC) releases a “teaser” video of a locomotive in its new paint scheme.
Metrolink proposes a new rail service from Moorpark to Goleta in Santa Barbara’s South County. Also, the San Diego Metropolitan Transit System (MTS) looks at adding a new “Copper Line” to its Trolley system.
Rail continues to be a popular mode of travel and for good reason. Rail travel is convenient, fast, efficient for the movement of goods and offers a carbon footprint that has a
The Federal Railroad Administration (FRA) publishes a compliance guide to help organizations comply with its crew size rule. Also, the FRA publishes a two-part technical report describing researchers’ study of the tank car vent and burn process and publishes a sample template for its Railroad Crossing Elimination (RCE) Grant Program.
The National Transportation Safety Board (NTSB) has released a preliminary report for its ongoing investigation of the April 15, 2024, head-on collision of a CSX train with a CSX stationary, loaded rock train in Folkston, Ga. The agency said future work will focus on “the industry-wide operational procedures for train movements during a signal suspension, training standards on the manual operation of dual-controlled switches, and the effectiveness of job briefings.”
More than 300 participants from Class I and short line freight railroads, along with representatives from suppliers and supporting associations, visited more than 270 bipartisan offices on May 8 for Railroad Day on Capitol Hill.
CN on May 9 reported signing a 20-year lease to relocate its headquarters to 600 De La Gauchetière West in downtown Montréal, Québec, Canada. While the lease begins in 2028, the Canadian Class I said it will start moving certain departments there as of 2026.
May 8, 2024: With its Annual Meeting of Shareholders just hours away, Norfolk Southern in the past few days has ramped up its efforts to convince shareholders to reject the takeover attempt
“First quarter revenue grew 99% year-over-year and in line with our expectations,” said FreightCar America (FCA) President and CEO Nick Randall during a May 8 earnings report.
Chicago’s Metra speaks out on the Metropolitan Mobility Authority Act that proposes merging the commuter railroad, Chicago Transit Authority (CTA), Pace bus, and Regional Transit Authority (RTA). Also, New York Metropolitan Transportation Authority (MTA) outlines its nearly $300 million in capital program savings; City of West Palm Beach, Fla., adopts a “Rail S.A.F.E.” policy, aiming for zero railway fatalities; and Massachusetts Bay Transportation Authority (MBTA) weighs Haverhill station shutdown during bridge replacement project.