August 12, 2021 | Headlines, NS, STB
(Source: Railway Age, August 11, 2021) NEW YORK — Norfolk Southern Chairman, President and CEO Jim Squires on Aug. 6 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of...
August 12, 2021 | Headlines, KCS, STB
(Source: Railway Age, August 12, 2021) NEW YORK — Kansas City Southern President and CEO Pat Ottensmeyer on Aug. 3 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of...
August 12, 2021 | CP, Headlines, STB
(Source: Railway Age, August 11, 2021) NEW YORK — Canadian Pacific President and CEO Keith Creel on Aug. 6 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion at...
August 12, 2021 | CN, Headlines, STB
(Source: Railway Age, August 11, 2021) NEW YORK — CN President and CEO JJ Ruest on Aug. 9 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion at key U.S....
August 12, 2021 | BNSF, Headlines, STB
(Source: Railway Age, August 12, 2021) NEW YORK — BNSF President and CEO Katie Farmer on Aug. 4 responded to Surface Transportation Board Chairman Marty Oberman’s July 22 letter to Class I railroad CEOs requesting information on the extent of congestion at key U.S....
August 12, 2021 | Headlines, STB
(Source: Freight Waves, August 10, 2021) CHATTANOOGA, Tenn. — Much of the congestion occurring at intermodal rail terminals are ultimately related to factors beyond the control of the Class I railroads, and the railroads are doing all that they can to improve terminal...
August 12, 2021 | Headlines, KCS, STB
(Source: Seeking Alpha, August 11, 2021) NEW YORK — Kansas City Southern is likely to delay its vote on the Canadian National Railway bid until after the U.S. railroad regulator makes a decision on the voting trust, according to CNBC’s David Faber, who cited...
August 11, 2021 | CN, Headlines, STB
(Source: Logistics Management, August 10, 2021) NEW YORK — The pending acquisition of Kansas City Southern (KCS) by Canadian National Railway (CN) was the focus on an announcement made today by the Surface Transportation Board (STB), an independent adjudicatory and...
August 11, 2021 | Headlines, STB
(Source: Railway Age, August 10, 2021) NEW YORK — The Surface Transportation Board decided on Aug. 4, 2021 that the annual cost of capital for the railroad industry was 7.89% for 2020. This figure represents the Board’s Office of Economics estimate of the average rate...
August 11, 2021 | CP, Headlines, STB
(Source: Railway Age, August 10, 2021) NEW YORK — More than likely anticipating that the Surface Transportation Board will reject the CN/Kansas City Southern voting trust, and soon — prior to the August 19 KCS shareholder vote to approve or reject CN’s $325 per-share...
