January 30, 2023 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, January 27, 2023) As part of their merger, Canadian Pacific and Kansas City Southern will work with a group of Chicago-area communities on voluntary measures to address traffic concerns in those communities, the railroads say in the final...
January 27, 2023 | CP-KCS Merger, Headlines, STB
(Source: Iowa Public Radio, January 26, 2023) The Department of Justice wrote a letter this week saying it continues to have concerns about the impact more railroads in fewer hands has on competition in the industry. The Department of Justice’s Antitrust Division has...
January 26, 2023 | CP-KCS Merger, Headlines, STB
(Source: Railway Age, January 25, 2023) The U.S. Department of Justice’s (DOJ) Antitrust Division on Jan. 24 reaffirmed its “support for the [Surface Transportation] Board’s review process and careful scrutiny of the competitive implications of the proposed...
January 26, 2023 | CN, CP-KCS Merger, Headlines, STB
(Source: Seeking Alpha, January 25, 2023) Canadian Pacific dropped 3.2% as the U.S. Dept. of Justice reiterated that the U.S. railroad regulator should block the Canadian Pacific (CP) merger with Kansas City Southern. CP was also likely weaker following guidance from...
January 23, 2023 | Headlines, PSR, STB, UP
(Source: Freight Waves, January 21, 2023) Eight members of Congress representing districts in Iowa, Minnesota and Wisconsin want the Surface Transportation Board to compel Union Pacific to lift weather-related embargoes in their states. Full story: Freight...
January 23, 2023 | Headlines, PSR, STB, UP
(Source: Supply Chain Dive, January 20, 2023) Federal regulators will closely monitor railroads’ use of embargoes following uproar over a major carrier’s move to limit traffic in the upper Midwest. Surface Transportation Board Chairman Marty Oberman said Thursday that...
January 23, 2023 | Headlines, PSR, STB, UP
(Source: Railway Age, January 20, 2023) The Surface Transportation Board (STB) on Jan. 20 denied Union Pacific’s (UP) motion for a protective order regarding documents requested at a hearing on the railroad’s institution of embargoes. Full story: Railway...
January 23, 2023 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, January 19, 2023) The Surface Transportation Board’s final decision on the proposed Canadian Pacific-Kansas City Southern merger has been delayed and likely won’t come until late February at the earliest. Full story: Trains...
January 17, 2023 | Headlines, PSR, Shippers, STB, UP
(Source: Bloomberg News, January 16, 2023) Union Pacific Corp and poultry producer Foster Farms say enough corn shipments have been made to replenish feed stocks after delayed trains in recent months caused inventories to drop to critical levels. Full story: The...
January 5, 2023 | Headlines, STB, UP
(Source: Trains Magazine, January 4, 2023) Union Pacific, citing ongoing harsh winter weather, is continuing an embargo it placed last week on all traffic to and from Iowa, Minnesota, and Wisconsin. UP said in a Dec. 29 customer advisory that it expected the embargo...
