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Five railroads respond to joint STB-FRA letter

(Source: Trains Magazine, September 2, 2020) Five Class I railroads have now responded to last month’s joint letter from the Surface Transportation Board and Federal Railroad Administration, mostly in general terms assuring the two agencies that they are prepared for...

Blackstone and GIP make offer for Kansas City Southern

(Source: Bloomberg, September 2, 2020) NEW YORK — Blackstone Group Inc. and Global Infrastructure Partners (GIP) have made an offer to buy North American railroad operator Kansas City Southern, according to a person familiar with the matter. It’s unclear whether...

Amtrak furloughing 2,000 workers amid drop in travel

(Source: The Hill, September 2, 2020) WASHINGTON, D.C. — Amtrak is set to cut just over 2,000 employees amid the decline in travel due to the coronavirus pandemic. Amtrak received more than $1 billion in aid from the Coronavirus Aid, Relief and Economic Security...