CN

CN to STB: We Want the Springfield Line (UPDATED WITH CP RESPONSE)

CN reported on Jan. 13 that it will ask the Surface Transportation Board (STB) “to condition any approval of a Canadian Pacific-Kansas City Southern merger on the divestiture of KCS lines from Kansas City, Missouri to Springfield and East St. Louis, Illinois (the Springfield Line) to CN, pursuant to the STB’s statutory authority to order ‘the divestiture of parallel tracks’ as a merger condition.” CP immediately responded, negatively.

Canadian Regulator Rules on Grain ‘Entitlements’

In the 2020–2021 crop year, Canadian Pacific and CN collectively moved 52,334,795 metric tons of Western grain, 9.0% more than the volume moved during the previous crop year and the highest volume ever on record. For CN, its record volume comes at a price, as grain is a heavily regulated commodity in Canada, with revenue caps or “entitlements” set by the Canadian Transportation Agency (CTA), Canada’s equivalent of the U.S. Surface Transportation Board.

CN: Vena ‘No Longer Interested’ in Top Spot

CN on Dec. 20 announced that Jim Vena, the former long-time CN operating executive who recently retired for the second time in his career as Chief Operating Officer of Union Pacific, has decided not to pursue returning to CN as President and CEO to replace the retiring JJ Ruest.