Bob Knief, President of Bartlett Grain Co., LP (Bartlett), a leading U.S. exporter of grain to Mexico, submitted a statement on June 22 to the Surface Transportation Board (STB) to address comments and applications filed on the Canadian Pacific (CP) and Kansas City Southern (KCS) merger transaction. Specifically, Bartlett is urging the STB to approve the CPKC (Canadian Pacific Kansas City) transaction and reject CN’s requesting that KCS’s Springfield Line be divested to it.
The International Brotherhood of Electrical Workers’ (IBEW) in Canada rejected CN’s latest offer and has gone on strike, CN reported June 20.
CSX and CN have mutually terminated their transaction in which CN would purchase CSX’s Montreal-Syracuse, N.Y., Massena Line and fold it into its Bessemer Subdivision, the former Bessemer & Lake Erie, which CN acquired in 2004 as part of its larger purchase of holding company Great Lakes Transportation.
The International Brotherhood of Electrical Workers (IBEW) has notified CN of its intention to strike as of 11 a.m. ET on July 18, the Class I railroad reported June 15.
GIO Railways Corporation has signed a switching agreement with Hamilton-Oshawa Port Authority (HOPA) and Bioveld Canada to return rail service to a 200-acre industrial complex in the Niagara Region of Ontario. Also, May was the second-busiest month on record for the Port of Long Beach in California.
We recently reported on Amtrak’s request to the Surface Transportation Board (STB) to set terms and conditions for a new operating agreement (OA) between Amtrak and CN, as one of the host railroads whose lines Amtrak uses for its trains.
CN will roll out Wabtec’s new Precision Dispatch System, and mining company Fortescue Metals Group of western Australia will take delivery of Wabtec-modernized locomotives over the next two years.
The authority vested in the Surface Transportation Board (STB) to decide issues concerning passenger trains has been expanding lately. On May 27, Amtrak asked the Board to intervene in a dispute with Canadian National (CN) over a number of issues, including on-time performance (OTP), penalties for low performance, and incentives to improve performance.
Shauneen Bruder has been elected Chair of the CN Board of Directors, succeeding Robert Pace, who in March 2021 announced he would not seek re-election when his term expired.
CN’s financial and operating results for first-quarter 2022, a transition period during which President and CEO Tracy Robinson took the reins from the retiring JJ Ruest (Railway Age’s 2019 Railroader of the Year), were “sound,” with the company posting adjusted (non-GAAP) diluted earnings per share (EPS of C$1.32, up 7% from the prior-year-period, and diluted EPS of C$1.31, down 4%.