“We finished the year with the people, capacity and resources in place to meet the needs of our customers today and are well-positioned to make history in 2023,” Canadian Pacific (CP) President and CEO Keith Creel reported Jan. 31 during the railroad’s quarterly earnings announcement.
Surface Transportation Board
The Surface Transportation Board on Jan. 27 completed a final, critical (and very lengthy) step in its consideration of the proposed Canadian Pacific-Kansas City Southern merger to form CPKC (Canadian Pacific Kansas
Amtrak in December called on the Surface Transportation Board (STB) to initiate an investigation into “substandard” customer on-time performance for Sunset Limited service between Louisiana and California. Host freight railroad Union Pacific (UP)—which Amtrak said will likely be the prime focus of the investigation—asked the STB on Jan. 27 to order mediation for Amtrak, UP and the other host railroads involved “to resolve or narrow the issues in dispute.”
The Surface Transportation Board on Jan. 24 ruled to deny two petitions seeking reconsideration of a decision adopting final rules that establish a streamlined approach for pleading market dominance in rate reasonableness proceedings. STB adopted the rules more than two years ago.
CSX, Norfolk Southern (NS), Union Pacific (UP) and the U.S. operating subsidiaries of CN on Dec. 29, 2022 requested that the Surface Transportation Board (STB) stay its requirement that the Class I railroads commit to a new arbitration program for small rate disputes. STB on Jan. 23, 2023 denied the request.
The U.S. Department of Justice’s (DOJ) Antitrust Division on Jan. 24 reaffirmed its “support for the [Surface Transportation] Board’s review process and careful scrutiny of the competitive implications of the proposed transaction” that would merge Canadian Pacific (CP) and Kansas City Southern (KCS). The railroads respond.
Watco Executive Vice President and Chief Commercial Officer Stefan Loeb has been appointed to the Railroad-Shipper Transportation Advisory Council (RSTAC). Also, AITX welcomes Timothy Jones as Plant Manager of AITX Clinton, Ind.
The Surface Transportation Board (STB) on Jan. 20 denied Union Pacific’s (UP) motion for a protective order regarding documents requested at a hearing on the railroad’s institution of embargoes.
RAILWAY AGE, JANUARY 2023 ISSUE: Railway Age’s 2023 Railroader of the Year Award, the 60th annual, goes to a groundbreaking North American rail industry leader: BNSF President and Chief Executive Officer Katie M. Farmer.
The Surface Transportation Board (STB) on Dec. 30 directed Union Pacific (UP) to deliver certain unit trains of corn from origins in the Midwest to California on behalf of Foster Poultry Farms (Foster Farms) to alleviate “immediate service issues” while it further considers the chicken and feed producer’s exparte petition for an emergency service order. UPDATE: Foster Farms on Jan. 4 replied to UP’s daily service status updates, required by STB to start Dec. 31 and end Jan. 3. The updates will continue through Jan. 17, the railroad reported, to assist the Board with its determination.