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CP, KCS close into voting trust

(Source: Canadian Pacific Railway press release, December 14, 2021) CALGARY — Canadian Pacific Railway Limited (“CP”) today announced the completion of its acquisition of Kansas City Southern (“KCS”). The transaction represents an enterprise value of approximately...

MTA to retire 1960s-era R-32 subway cars

(Source: Progressive Railroading, December 13, 2021) The Metropolitan Transportation Authority (MTA) last week announced the retirement of its 1960s-era R-32 trains — nicknamed the Brightliners — after 58 years in service. Full story: Progressive...