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Daily Headlines
Teamsters support House introduction of Pension Accountability Act
(Source: International Brotherhood of Teamsters press release, November 17, 2015) WASHINGTON, D.C. — The Teamsters Union expressed its support today of the introduction of the House companion bill for Sen. Rob Portman’s (R-Ohio) Pension Accountability Act. The bill...
Opinion: Hijacking high-speed rail hurts America’s future
(Source: WHAV opinion column by Jim Hightower, November 17, 2015) HAVERHILL, Mass. — Highway builders, auto lobbyists and airline monopolists have hijacked America’s transportation policy. As a result, our mobility future has been clogged with their self-interest,...
Norfolk Southern statement on CP Rail’s ‘low-premium’ offer of acquisition
(Source: Norfolk Southern press release, November 17, 2015) NORFOLK, Va. — Norfolk Southern Corporation (“the Company”) today confirmed that it has received an unsolicited, low-premium, non-binding, highly conditional indication of interest from Canadian Pacific...
CP Rail discloses full details of offer letter to Norfolk Southern
(Source: Canadian Pacific Railway press release, November 18, 2015) CALGARY, Alberta — Canadian Pacific today disclosed the contents of the offer letter it sent to Norfolk Southern Corp. (NS) on November 17, 2015 to clarify the details of a proposal that would result...
Railway Age: An analysis of CP’s proposed acquisition of NS
(Source: Railway Age, November 17, 2015) NEW YORK — It’s official: Canadian Pacific on Nov. 17, 2015 sent an offer letter to Norfolk Southern proposing a merger (an acquisition, really) “that would create a transcontinental railroad with the scale and reach to deliver...
Canadian Pacific’s underwhelming bid
(Source: Bloomberg, November 17, 2015) NEW YORK — Canadian Pacific may want to rethink its definition of sizable. The $21 billion railroad operator said Tuesday that it had approached Norfolk Southern with an offer to buy the company for a "sizable premium" in cash...
Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid
(Source: Reuters, November 17, 2015) NEW YORK — U.S. railroad operator Norfolk Southern Corp. all but rejected a $28.4 billion acquisition offer by Canadian Pacific Railway Ltd. on Tuesday, calling it "low-premium" and warning it would face significant regulatory...
Bee sting forces emergency stop for Amtrak train
(Source: WJBD, November 16, 2015) SALEM, Ill. — An Amtrak train traveling through Odin Sunday night made an emergency medical stop for a passenger that had been stung by a bee. Full story: WJBD
Air General workers at Detroit Metropolitan Airport choose Teamsters
(Source: International Brotherhood of Teamsters press release, November 16, 2015) DETROIT — Workers with Air General who provide cargo, mail handling and warehousing services at Detroit Metropolitan Airport have voted to join Teamsters Local 283 in Wyandotte, Mich....
Local officials tout alliances to push for stronger oil train regs
(Source: Pittsburgh Post-Gazette, November 14, 2015) PITTSBURGH, Pa. — While railroads have long carried hazardous materials through congested urban areas, cities are now scrambling to formulate emergency plans and to train firefighters amid the latest safety threat:...
