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Daily Headlines
Oil shipment implications embedded in proposed CP-NS merger
(Source: Natural Gas Intel, November 20, 2015) STERLING, Va. — Canadian Pacific Railway's (CP) unsolicited $28 billion move to acquire a larger U.S. counterpart, Norfolk Southern Railroad, this week stirs questions and implications for the U.S. oil industry, which in...
CP Rail willing to sweeten its $28 billion bid for NS
(Source: Bloomberg, November 20, 2015) NEW YORK — Canadian Pacific Railway Ltd. is willing to sweeten its $28 billion takeover offer for Norfolk Southern Corp. and is “going to do everything we can” to court the U.S. carrier’s shareholders, Chief Executive Officer...
Medicare Part B premiums for 2016
(Source: U.S. Railroad Retirement Board press release, November 18, 2015) CHICAGO — The Centers for Medicare & Medicaid Services has announced that the standard monthly Part B premium will be $121.80 in 2016. However, most Medicare beneficiaries will not see an...
Documentary on Arkansas railroads to air this weekend
(Source: Arkansas Online, November 19, 2015) CONWAY, Ark. — The premiere of Steel Rails in Arkansas, an original Arkansas Educational Television Network film featuring train action in the state, will air at 3:30 p.m. Sunday on AETN. Full story: Arkansas Online
Editorial: Canada’s ‘national dream’ turns 130
(Source: Cochrane Eagle, November 19, 2015) COCHRANE, Alberta — A railroad runs through it and, with it, all the goods, services and progress 130 years on the rails brings. Canada’s national railroad, or Canadian Pacific Railroad, celebrated a milestone anniversary...
Can N.J.’s Pallone protect $50 million for NJ Transit?
(Source: www.nj.com, November 18, 2015) WASHINGTON, D.C. — Efforts to restore a federal transit program that provides $50 million annually for NJ Transit received a boost when U.S. Rep. Frank Pallone Jr. was named Wednesday to a House-Senate committee writing...
CN’s CEO expected to return to work in the new year
(Source: Reuters, November 17, 2015 MONTREAL — Canadian National Railway Co. said on Tuesday that President and Chief Executive Claude Mongeau, who has been off the job since August after the discovery of a rare type of tumor, is expected to return to work in the new...
Port Authority of NY-NJ works to form agency that would oversee construction of new rail tunnel
(Source: www.nj.com, November 19, 2015) NEWARK — Port Authority of New York and New Jersey officials Thursday started work to form the agency they would lead to oversee construction of the proposed Gateway rail tunnel. Full story: www.nj.com
The 9 biggest challenges facing the next NJ Transit boss
(Source: www.nj.com, November 18, 2015) NEWARK, N.J. — With the announcement that NJ Transit Executive Director Veronique Hakim was leaving to become president of the New York City Transit system, the search is on for a replacement. But what are the major issues...
NJ Transit executive director leaves to take over NYC Transit
(Source: www.nj.com, November 17, 2015) NEWARK — NJ Transit Executive Director Veronique Hakim will leave the agency at the end of the year, she said in a memo to employees this morning, and will take over running the nation's largest bus and subway system. Full...
