March 14, 2022 | Headlines, PSR, STB
(Source: Progressive Railroading, March 11, 2022) U.S. Class Is employed 111,754 people in mid-January, down 2.4% from December 2021 and down 1.5% compared with employment during the same period a year ago, according to Surface Transportation Board (STB) data. All...
March 11, 2022 | CP-KCS Merger, Headlines, STB
(Source: Daily Herald, March 10, 2022) CHICAGO — The Elgin city council voted unanimously to finalize an agreement to work with seven other municipalities and DuPage County in a coalition that will work to block the merger between the Canadian Pacific and Kansas City...
March 9, 2022 | News, PSR, STB
INDEPENDENCE, Ohio, March 9 — BLET National President Dennis R. Pierce was highly critical of the so-called “Precision Scheduled Railroading” business model as he testified at a March 8 hearing before the U.S. House of Representatives’ Subcommittee on Railroads,...
March 9, 2022 | Headlines, PSR, STB
(Source: Trains Magazine, March 8, 2022) WASHINGTON, D.C. — A combination of Precision Scheduled Railroading and pressure from Wall Street has prompted railroads to slash costs and raise rates while providing less reliable service, rail shippers and labor told...
March 9, 2022 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, March 7, 2022) WASHINGTON, D.C. — The Class I railroads behaved like you’d expect: Following a tradition in the industry, they lined up against a merger that’s not theirs. That’s partly because railroads want to protect their turf and keep...
March 9, 2022 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, March 1, 2022) WASHINGTON, D.C. — A coalition of Chicago suburbs says it would cost between $5.5 billion and $9.5 billion to mitigate the impact of the Canadian Pacific-Kansas City Southern merger on their communities. Full story: Trains...
March 8, 2022 | News, PSR, STB
INDEPENDENCE, Ohio, March 8 — The written testimony of BLET National President Dennis R. Pierce, who is testifying today before the U.S. House of Representatives’ Subcommittee on Railroads, Pipelines and Hazardous Materials at a hearing titled “Stakeholder Views on...
March 8, 2022 | BNSF, CN, CP, CSX, Headlines, KCS, NS, PSR, STB, UP
(Source: NBC News, March 7, 2022) WASHINGTON, D.C. — Accountable.US, a nonprofit group that examines corporations and special interests, said the seven major railways, which dominate an industry that carries about 40 percent of U.S. freight, collected a record $1.18...
March 8, 2022 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, March 3, 2022) WASHINGTON, D.C. — Shippers say they will support the proposed Canadian Pacific-Kansas City Southern merger so long as regulatory approval of the first Class I combination in two decades includes conditions that would protect...
March 8, 2022 | CP-KCS Merger, Headlines, STB, UP
(Source: Trains Magazine, March 1, 2022) WASHINGTON, D.C. — Union Pacific has asked federal regulators to ensure that a merger of Canadian Pacific and Kansas City Southern does not undermine competition at the Laredo, Texas, gateway. In a filing with the Surface...
