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Daily Headlines
Ackman’s train deal idles
(Source: Bloomberg, February 11, 2016) NEW YORK — Canadian Pacific's pursuit of Norfolk Southern is in limbo, and it may be time to move on. Full story: Bloomberg
NS focused on its own plan, not merger talk
(Source: Associated Press, February 10, 2016) OMAHA, Neb. — Norfolk Southern Chief Financial Officer Marta Stewart declined to discuss Canadian Pacific's offers at a conference Wednesday. Instead she outlined elements of Norfolk Southern's plan to cut $130 million in...
CP set to end pursuit of NS if shareholder resolution fails, Harrison says
(Source: Bloomberg, February 10, 2016) NEW YORK — Canadian Pacific Railway Ltd. is ready to end efforts to buy Norfolk Southern Corp. if shareholders of the U.S. railroad reject a resolution calling for merger talks, the head of the Calgary-based company said. Full...
Rail strike against NJ Transit gets blessing of union members
(Source: www.nj.com, February 10, 2016) NEWARK, N.J. — Rail union officials said today that their members have authorized a strike against NJ Transit, but are hoping the agency returns to the bargaining table. NJ Transit insiders said a "soft strike" could begin over...
Ramsey County in Minnesota revives St. Paul-Chicago rail study
(Source: Pioneer Press, February 9, 2016) ST. PAUL, Minn. — Ramsey County took a step Tuesday toward helping to provide a second daily round-trip rail service from St. Paul’s Union Depot to Chicago — a move that ultimately would require Minnesota, Wisconsin or other...
Maine rail cargo secrecy law bypassed public access, safety defenses
(Source: Maine Center for Public Interest Reporting, February 10, 2016) BANGOR, Maine — After a runaway oil train killed 47 people in Lac-Megantic, Quebec, just miles from the Maine border in 2013, Mainers demanded to know more about the state’s railways. Full story:...
Fire at UP facility will delay Metra UP/West trains through Thursday
(Source: Chicago Sun-Times, February 9, 2016) CHICAGO — A fire erupted Tuesday at a railroad facility in west suburban Melrose Park and the fallout will cause delays on Metra Union Pacific/West trains through Thursday. Full story: Chicago Sun-Times
All passengers and crew accounted for in deadly German train crash
(Source: Associated Press, January 10, 2016) BAD AIBLING, Germany — Emergency workers on Wednesday started removing the wreckage from the head-on train crash that killed 10 people and injured dozens in southern Germany, after police said they are no longer looking for...
Teamsters Local 728 delivers in water effort for Flint
(Source: International Brotherhood of Teamsters press release, February 9, 2016) WASHINGTON, D.C. — In the spirit of lending a helping hand to those in need, Teamsters at Local 728 in Atlanta collected 15 pallets of bottled water to aid the community affected by the...
CN targeting C$2.9 billion in 2016 capital investments
(Source: Canadian National press release, February 10, 2016) MONTREAL — CN announced today the details of its 2016 plan to invest approximately C$2.9 billion in rail infrastructure and equipment to raise network efficiency, support long-term growth and further...
