CN Delivering C$1.1MM for Ukraine Relief Efforts
CN will donate a total of C$1.1 million to the Canada-Ukraine Foundation and to Razom in support of Ukrainians displaced by the war in Ukraine. The Class I railroad will also match employee donations.
CN will donate a total of C$1.1 million to the Canada-Ukraine Foundation and to Razom in support of Ukrainians displaced by the war in Ukraine. The Class I railroad will also match employee donations.
Amtrak has issued a 2021 Host Railroad Report Card, ranking the Class I railroads for keeping Amtrak intercity passenger trains on time, and presented an award to Canadian Pacific (CP) for earning its sixth-consecutive “A” grade.
Canada’s public passenger railway VIA Rail has been pulled back from pandemic-induced oblivion by a federal government now framing the scheme for a dedicated, electrified right-of-way linking Quebec City and Toronto as a certainty for the first time since the project was first revealed in 2015.
The U.S. Department of Justice (DOJ) has submitted comments to the Surface Transportation Board (STB) on reciprocal switching, in advance of STB’s March 15-16 hearing on the subject that has divided freight railroads and many of their major customers.
The Surface Transportation Board (STB) has issued a procedural schedule for Amtrak and CN to submit further evidence and arguments in their dispute over establishing reasonable terms and compensation for Amtrak to use the Class I railroad’s facilities and services.
Jaguar Transport Holdings on March 1 began operating the 60-mile Missouri Eastern Railroad (MER), its seventh short line.
CN has officially asked the Surface Transportation Board (STB) “to condition any approval of a Canadian Pacific-Kansas City Southern merger on the divestiture of the KCS line from Kansas City, Missouri to Springfield and East St. Louis, Illinois (the Kansas City Speedway) to CN, pursuant to the STB’s statutory authority to order ‘the divestiture of parallel tracks’ as a merger condition.”
Logistics firm DP World and Prince Rupert Port Authority in British Columbia have agreed to assess the feasibility of a second container terminal at the Port of Prince Rupert, which would add up to 2 million twenty-foot equivalent units (TEU) of annual capacity; the Port is served by CN.
BNSF and CN last month told the Surface Transportation Board (STB) they may request limited overhead trackage rights and a line divestiture, respectively, due to the proposed merger of Canadian Pacific (CP) and Kansas City Southern (KCS).
Cowen and Company on Feb. 15 held a webinar with five expert panelists addressing the current state and outlook for the rail, locomotive, and railcar leasing and manufacturing markets.