Rail Industry News
AAR reports rail traffic for week ending April 17, 2021
(Source: Association of American Railroads press release, April 21, 2021) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 17, 2021. For this week, total U.S. weekly rail traffic was 533,217...
CP to STB: “Promptly confirm” our transaction
(Source: Railway Age, April 21, 2021) NEW YORK — Canadian Pacific (CP) outlined why its combination with Kansas City Southern (KSC) is the only one “involving KCS that is in the public interest,” in an April 21 letter filed with the Surface Transportation Board (STB)....
CP asks STB to rule on its and CN’s rival KCS bids
(Source: Canadian Press, April 21, 2021) CALGARY — The CEO of Canadian Pacific Railway Ltd. says a rival bid for Kansas City South-ern by Canadian National Railway Co. carries a bigger price tag but can't win U.S. regulatory ap-proval because of its negative effects...
CN “pre-files” with STB
(Source: Railway Age, April 21, 2021) NEW YORK — CN on April 21 submitted to the U.S. Surface Transportation Board a prefiling notification of its intent to file an application seeking authority to combine with Kansas City South-ern “further to CN’s superior proposal...
CP attacks rival bid for KCS
(Source: Associated Press, April 21, 2021) OMAHA, Neb. — Canadian Pacific railroad continued its assault on rival Canadian National's competing $33.7 billion bid to buy Kansas City Southern railroad Wednesday in a formal letter to regulators. Full story:...
CP CEO rules out raising bid for KCS
(Source: Reuters, April 21, 2021) CALGARY — Canadian Pacific Railway Chief Executive Keith Creel said on Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is “not a real deal.” Full...
Amtrak: Siemens preferred bidder on “generational procurement”
(Source: Railway Age, May 21, 2021) NEW YORK — Siemens Mobility has been selected as the preferred bidder to replace a large por-tion of Amtrak’s aging single-level railcar fleet. Full story: Railway Age
CP reports Q1 2021 financial results
(Source: Canadian Pacific Railway press release, April 21, 2021) CALGARY — Canadian Pacific Railway Limited today announced first-quarter operating results, including revenues of $1.96 billion, an operating ratio ("OR") of 60.2 percent, adjusted OR of 58.5 percent,...
CP Q1 2021 revenue slips 4%
(Source: Freight Waves, April 21, 2021) CHATTANOOGA, Tenn. — Canadian Pacific’s freight revenue for the first quarter of 2021 slipped 4% to CA$1.96 billion amid flat year-over-year volumes and a 2.5% decline in operating expenses. One Canadian dollar equals 80 cents...
Union Pacific’s net profit slips 9% in Q1 2021
(Source: Freight Waves, April 22, 2021) CHATTANOOGA, Tenn. — First-quarter net income for Union Pacific fell 9% compared with a year ago amid a 4% decline in operating revenue. Net profit was $1.3 billion, or $2 per diluted share, compared with $1.5 billion, or $2.15...
UP reports Q1 2021 financial results
(Source: Union Pacific press release, April 22, 2021) OMAHA, Neb. — Union Pacific Corporation today reported 2021 first quarter net income of $1.3 billion, or $2.00 per diluted share. This compares to $1.5 billion, or $2.15 per diluted share, in the first quarter...
After years of cuts, CSX says it is adding train staff
(Source: Jacksonville Daily Record, April 21, 2021) JACKSONVILLE, Fla. — CSX Corp. reported lower first-quarter earnings and revenue April 20 as harsh winter weather affected the railroad’s rebound from the COVID-19 pandemic. However, the Jacksonville-based company is...
Pandemic-curtailed Amtrak service to be partially restored in Pacific NW
(Source: www.knkx.com, April 19, 2021) SEATTLE — In another sign of the rebound in travel, Amtrak and the state transportation departments of Oregon and Washington announced plans to restore a good chunk of the passenger train service that was curtailed due to low...
CN says KCS merger would target competition from trucks
(Source: Freight Waves, April 20, 2021) CHATTANOOGA, Tenn. — A merger between Canadian National Railway and Kansas City Southern would create a formidable opponent for what should be the industry’s largest threat: long-haul trucking, CN executives said Tuesday morning...
KCS confirms receipt of unsolicited proposal from CN
(Source: Kansas City Southern press release, April 20, 2021) KANSAS CITY, Mo. — Kansas City Southern (“KCS”) today announced that it has received an unsolicited proposal from Canadian National Railway (“CN”) to acquire KCS in a cash and stock transaction valued by CN...
CP issues statement slamming CN’s proposal to acquire KCS
(Source: Canadian Pacific Railway press release, April 20, 2021) CALGARY — Canadian Pacific Railway Limited today issued the following statement regarding Canadian National's unsolicited offer to acquire Kansas City Southern ("KCS"): Canadian National's ("CN")...
CN steps up with $33 billion offer for KCS, besting CP’s $25 billion bid
(Source: CBC News, April 20, 2021) MONTREAL — Canadian National Railway Co. has offered to buy U.S. railway Kansas City Southern in a cash-and-stock bid valued at $33.7 billion US. The offer of $325 a share plus agreeing to take over $3.8 billion worth of KCS's debt...
CSX announces Q1 2021 financial results
(Source: CSX press release, April 20, 2021) JACKSONVILLE, Fla. — CSX Corp. today announced first quarter 2021 net earnings of $706 million, or $0.93 per share, compared to $770 million, or $1.00 per share in the same period last year. “I am extremely proud of how our...
CSX Q1 2021 profit falls 8%
(Source: Associated Press, April 20, 2021) OMAHA, Neb. — CSX Corp. said its first-quarter profit declined 8% due to higher expenses, but the railroad said it expects to benefit as the U.S. economy strengthens further over the rest of the year. The Jacksonville,...
Teamsters applaud nomination of Deirdre Hamilton to serve on National Mediation Board
(Source: International Brotherhood of Teamsters press release, April 20, 2021) WASHINGTON, D.C. — The Teamsters Union applauds today’s announcement by the Biden administration of its nomination of Deirdre Hamilton to serve as a member on the National Mediation Board...
BLET News
BLET enters 150th year
The Brotherhood of Locomotive Engineers and Trainmen enters its 150th year on May 8, 2013. It is the oldest transportation labor organization in North America.
Richmond to host BLET for 86th annual SMA
All members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) are invited to Richmond, Va., for the 86th annual Southeastern Meeting Association (SMA) from June 23-28, 2013.
Railroad Retirement Board to host informational conferences in 2013
The U.S. Railroad Retirement Board will host a series of informational conferences throughout 2013. Additional conferences will be added to the list throughout the year as more dates and locations are available.
Sequester impacts RUIA benefits
The U.S. Railroad Retirement Board announced on Friday that unemployment and sickness benefits payable under the Railroad Unemployment Insurance Act (RUIA) for days after February 28, 2013, are being reduced by 9.2% as part of a package of automatic spending cuts required by the Budget Control Act of 2011 (BCA), which was passed in August 2011.
BLET donates to help striking school teachers
The National Division of the Brotherhood of Locomotive Engineers and Trainmen (BLET) has donated $1,000 to striking educators in Strongsville, Ohio, a suburb of Cleveland.
Teamsters host training workshop on Railway Labor Act
The Teamsters Leadership Academy is hosting a three-day program to educate members regarding the Railway Labor Act. Scheduled for May 29-31, 2013, the workshop will take place at Teamsters headquarters in Washington, D.C.
Runion reelected Chairman of Wyoming State Legislative Board
Cory L. Runion was reelected by acclamation to his third term as Chairman of the Wyoming State Legislative Board following triennial meetings that concluded on February 21 in Cheyenne, Wyo.
BLET leaders press NTSB on safety concerns
Top BLET leaders took advantage of a two-day session on railroad safety this week to bring key safety issues for locomotive engineers and trainmen to the attention to the National Transportation Safety Board (NTSB), which is the transportation industry’s primary accident investigation body.
2013 BLET Scholarship Directory
Each year, the BLET National Division compiles a list of scholarship opportunities available to the children of BLET members. Numerous financial aid opportunities are published here in the 2013 BLET Scholarship Directory.
Teamsters offer disaster relief assistance in Mississippi
The Teamsters Disaster Relief Fund is accepting applications for assistance from members who live in Mississippi after severe storms, tornadoes and flooding caused major damage to homes and property on February 10, 2013.
