Barstow, Southern California, to Get New BNSF Integrated Rail Facility Yurtdışı Haberleri by railsistem - Ekim 3, 20220 BNSF Railway has announced plans to construct an integrated rail complex in Barstow, Southern California. This facility will be the first of its type to be developed by a Class 1 railroad, and will create 20,000 direct and indirect jobs in the area. BNSF to Build New Integrated Rail Complex in Barstow
Canadian Pacific and Kansas City Southern Merger Proposal Receives Clearance Yurtdışı Haberleri by railsistem - Ağustos 17, 20220 Canadian Pacific Railway (CP) has received the required regulatory clearance from the US Committee on Foreign Investment (CFIUS) for the proposed combination of CP and Kansas City Southern (KCS). CP completed its acquisition of KCS on 14 December 2021. Canadian Pacific Kansas City will be the only single-line railway to link the
Amtrak Recognises Canadian Pacific as Best Host Railroad 2021 Yurtdışı Haberleri by railsistem - Mart 14, 20220 The National Railroad Passenger Corporation – Amtrak – has recognised the Class 1 railroad Canadian Pacific (CP) as the best host railroad 2021. Keith Creel, Canadian Pacific (left) and Stephen J. Gardner, Amtrak (right) © Canadian Pacific For the sixth consecutive year, this Class 1 has earned an A grade on Amtrak’s annual
Union Pacific Tests Viability of Battery-Electric Locomotives for Freight Operations Yurtdışı Haberleri by railsistem - Şubat 1, 20220 Union Pacific Railroad is set to buy 20 battery-electric locomotives from Progress Rail and Wabtec Corporation for testing in yard operations. Locomotive manufacturers Progress Rail, a Caterpillar company, and Wabtec Corporation will be supplying the battery-electric locomotives used in Union Pacific’s yard operations testing. © Union Pacific By working with the locomotive manufacturers
Canadian Pacific Offer Declared ‘Company Superior Proposal’ by KCS Board Yurtdışı Haberleri by railsistem - Eylül 14, 20210 Kansas City Southern’s (KCS) Board of Directors has deemed Canadian Pacific’s (CP) proposed merger agreement a ‘company superior proposal’. This is the latest in the saga between Canadian National (CN), CP and KCS regarding which of the former Class 1 railroads gets to merge with KCS. It comes shortly after a Surface
Canadian Pacific Back in the Running Following STB’s Ruling against Voting Trust in KCS-CN Merger Yurtdışı Haberleri by railsistem - Eylül 6, 20210 Following the ruling by the Surface Transportation Board (STB) that a voting trust could not be used in a combination between Canadian National and Kansas City Southern, the KCS Board of Directors unanimously determined that the Canadian Pacific proposal “could reasonably be expected to lead to a ‘company superior proposal’. The
Surface Transportation Board Says No to Voting Trust for CN-KCS Merger Yurtdışı Haberleri by railsistem - Eylül 2, 20210 The Surface Transportation Board (STB) has unanimously rejected the option of a voting trust for the proposed combination between Canadian National and Kansas City Southern. The STB said it has determined “that the proposed voting trust is not consistent with the public interest standard under the Board’s merger regulations”. In response,
Kansas City Southern Board: New CP Proposal Not Superior to CN Bid Yurtdışı Haberleri by railsistem - Ağustos 13, 20210 Following Canadian Pacific’s recent increased offer for Kansas City Southern prior to the KCS shareholders’ vote on the proposed CN-KCS combination, the Kansas City Southern Board of Directors has unanimously declared Canadian Pacific’s new offer not superior, advising its shareholders to vote in favour of the CN-KCS combination on 19
Canadian Pacific Ups Its Offer to Kansas City Southern Yurtdışı Haberleri by railsistem - Ağustos 11, 20210 After Canadian National made a higher bid for Class 1 railroad Kansas City Southern (KCS) and KCS pulled out of its acquisition talks with Canadian Pacific, CP has upped its offer. The revised offer to acquire Kansas City Southern in a stock and cash transaction for a sum of around 31
Canadian Pacific Urges KSC Shareholders to Vote Against Proposed CN-KCS Merger Yurtdışı Haberleri by railsistem - Ağustos 2, 20210 It is not yet known what decision the Surface Transportation Board will make on CN’s request for a voting trust. Therefore, CP believes, KCS stockholders should hold off on voting on whether or not to approve the merger until this regulatory uncertainty is removed, since the decision would come with
CN and KCS Submit Financial Documentation for STB Approval of Voting Trust Yurtdışı Haberleri by railsistem - Haziran 16, 20210 Canadian National Railway (CN) and Kansas City Southern Railway (KCS) have jointly filed documents requested by the Surface Transportation Board (STB), which will enable the board to review the voting trust in connection with the definitive merger agreement between the two companies. Earlier in May, the Surface Transportation Board denied CN’s
KCS Calls CN Bid ‘Superior’ as the US DOJ Says CN-KCS Merger Poses Greater Risk to Competition Yurtdışı Haberleri by railsistem - Mayıs 17, 20210 A CP-KCS combination would create a new Class 1 railroad that would still be the smallest of the six, whereas a CN-KCS combination would leave Canadian Pacific significantly smaller than the new CN-KCS entity. The United States Department of Justice has now weighed in on these merger talks, stating that the
Canadian Pacific Files Formal Objection to Canadian National Merger Waiver Yurtdışı Haberleri by railsistem - Mayıs 5, 20210 Canadian Pacific (CP) has filed a formal objection with the Surface Transportation Board (STB) stating that Canadian National (CN) doesn’t qualify for a waiver of the STB’s rules for major transactions regarding its proposal for Kansas City Southern (KCS). In its letter, CP claims that the CN/KCS transaction doesn’t satisfy any
Canadian National Makes Rival Bid for Kansas City Southern Yurtdışı Haberleri by railsistem - Nisan 23, 20210 Canadian National has written to the Board of Directors at Kansas City Southern, submitting its proposal. Canadian National has also submitted a letter to the Surface Transportation Board. Canadian National said that KCS and its shareholders were free to decide which of the two offers was preferable and CP was
Shippers and Short-Line Railroads Express Support for the CP-KCS Combination Yurtdışı Haberleri by railsistem - Nisan 6, 20210 More than 250 shippers, railroads, ports, chambers of commerce and other entities have written letters of support for the Canadian Pacific-Kansas City Southern merger to the Surface Transportation Board. Many of the entities signed a pre-drafted letter that highlights what CP and KCS feel are their strongest cards for persuading the
Canadian Pacific and Kansas City Southern Propose Merger Yurtdışı Haberleri by railsistem - Mart 24, 20210 Both Mr Creel and KCS President and CEO Patrick J. Ottensmeyer said hoped this transaction would help them improve fuel efficiency and lower emissions. Next Steps CP will next establish what it calls a ‘plain vanilla’ independent voting trust to acquire the KCS shares. Once shareholders agree the deal and the boards
Amtrak CEO Tells Congress the Railroad’s 5 Key Demands Yurtdışı Haberleri by railsistem - Ocak 27, 20210 Amtrak’s CEO Bill Flynn has written to Congress to present the key priorities for the railroad that he wants Congress to address. COVID Relief Funding Mr Flynn said Amtrak would require further COVID relief funding to sustain and restore operations and recall employees for the rest of the 2021 financial year and
BNSF and Wabtec Test Battery-Electric Locomotive in California Yurtdışı Haberleri by railsistem - Ocak 12, 20210 BNSF and Wabtec have started testing a battery-electric locomotive in revenue service between Barstow and Stockton (350 miles), California to assess the viability of battery technology. The battery-powered locomotive is located between two Tier 4 locomotives to create a battery-electric-diesel consist, meaning that in operation the train will be powered by
Railroad Spat Over Tennessee Pass Line Yurtdışı Haberleri by railsistem - Ocak 6, 20210 The Colorado Pacific Railroad says it will challenge an agreement struck between Union Pacific and Texas-based short-line operator Rio Grande Pacific that looks at starting up passenger and freight rail services on the Tennessee Pass Line. Rail tunnel at Tennessee Pass, Colorado The Colorado Pacific Railroad (CXR) said it would file
BNSF Wins Train Crossing Law Court Case in Oklahoma Yurtdışı Haberleri by railsistem - Aralık 3, 20200 The Class 1 railroad BNSF has won a court case in Oklahoma, challenging a state law that banned stopped trains from blocking roads on railroad crossings for more than ten minutes. BNSF sued the state of Oklahoma in 2019 after police officers issued citations in the cities of Edmond and Davis.
Class 1 Railroad CSX to Acquire Pan Am Railways Yurtdışı Haberleri by railsistem - Aralık 1, 20200 The US Class 1 freight railroad CSX has announced that it has signed a definitive agreement to acquire Pan Am Railways, Inc., a holding company that owns and operates Class 2 regional railroads in northern New England. Pan Am’s network of regional rail lines is almost 1,200 miles in length. Pan