Rail Industry News
CP to NS: ‘Promptly engage in good faith discussions’
(Source: Railway Age, March 10, 2016) NEW YORK — Canadian Pacific on March 9, 2016 filed a preliminary proxy statement with the Securities and Exchange Commission (SEC) that outlines the shareholder resolution to be considered at the upcoming Annual Meeting of Norfolk...
CP’s Harrison says he faces uphill battle to woo CSX
(Source: Bloomberg, March 10, 2016) NEW YORK — Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison said he faces an uphill battle to convince CSX Corp. -- not just Norfolk Southern Corp. -- of the merits of a merger. Full story and video: Bloomberg
NJ Transit, unions meet in final days to avert strike/lockout
(Source: Associated Press, March 11, 2016) NEW YORK — Negotiations between New Jersey Transit and its rail workers unions are heading into the final days before a weekend strike deadline, and the possibility of havoc on the region's already congested roadways. Full...
NJ Transit strike/lockout would cost NYC $5.9 million per hour
(Source: Reuters, March 7, 2016) NEW YORK — A potential strike by transport unions that would shut down access to commuters trying to reach New York City from neighboring New Jersey would cost the city's businesses $5.9 million per hour, an influential business group...
NJ Transit talks to resume this morning as clock ticks toward deadline
(Source: www.nj.com, March 11, 2016) NEWARK — With the hours dwindling before a disruptive railroad strike could begin, NJ Transit and union representatives plan to return to the bargaining table Friday, after several hours of negotiations Thursday failed to yield a...
Fort Collins train delays drop with UP, GWR switching changes
(Source: Coloradoan, March 10, 2016) FORT COLLINS, Colo. — With a change in railroad switching operations in Windsor and Greeley beginning Feb. 1, fewer Great Western Railway and Union Pacific Railroad trains are coming into east Fort Collins. That has resulted in...
BNSF plans capital program in Illinois for 2016
(Source: BNSF press release, March 9, 2016) FORT WORTH, Texas — BNSF Railway Company (BNSF) today announced that its 2016 capital expenditure program in Illinois will be about $180 million. The largest components of this year’s capital plan in the state will be for...
Paradigm Energy expands North Dakota crude oil footprint
(Source: Progressive Railroading, March 9, 2016) Paradigm Energy Partners LLC announced yesterday that its Paradigm Midstream Services-ND LLC has finalized an agreement with a private company to construct a new gathering system for crude oil in North Dakota. Full...
Teamsters fighting back against MillerCoors plan against Eden
(Source: International Brotherhood of Teamsters press release, March 9, 2016) WASHINGTON, D.C. — The CEOs of MillerCoors are the targets of a new social media campaign launched by the union recently. Originally drawn up around Super Bowl 50 seeing as the Denver (home...
CTA board approves contract to replace half of rail cars
(Source: Chicago Tribune, March 10, 2016) CHICAGO — A monumental overhaul of the Chicago Transit Authority's rail car line was launched Wednesday with the approval of a $1.3 billion contract to replace about half of its fleet — the biggest car purchase in the agency's...
North Dakota’s first rail inspector now certified; more than 400 defects found since August
(Source: Dickinson Press, March 9, 2016) BISMARCK, N.D. — The first track inspector hired by North Dakota regulators for a new rail safety program created in the wake of two fiery oil train derailments has earned his federal certification while finding more than 400...
California high-speed rail adds money, time to right-of-way contracts
(Source: Fresno Bee, March 9, 2016) FRESNO, Calif. — More time and money are being allocated to property acquisition for high-speed rail sections in the San Joaquin Valley – a process that continues to take the California High-Speed Rail Authority much longer than...
Fossil fuels are ‘probably dead,’ says CP’s Hunter Harrison
(Source: Canadian Press, March 9, 2016) NEW YORK — People need to get their heads around the idea that fossil fuels are “probably dead,” the CEO of Canadian Pacific Railway said Wednesday. “I’m not maybe as green as I should be, but I happen to think the climate is...
CP files preliminary proxy statement with SEC for NS annual meeting
(Source: Canadian Pacific Railway press release, March 9, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today filed a preliminary proxy statement with the Securities and Exchange Commission (SEC), which outlines the shareholder resolution to be considered...
CP appeal to shareholders may be last effort acquire NS
(Source: Associated Press, March 9, 2016) OMAHA, Neb. — Canadian Pacific's appeal to Norfolk Southern shareholders and regulators likely represents the railroad's last effort to acquire its rival. Full story: Virginian-Pilot
Top U.S. antitrust official concerned by CP’s merger terms
(Source: MarketWatch, March 9, 2016) WASHINGTON, D.C. — The U.S. Justice Department’s top antitrust official on Wednesday raised competition concerns about a proposed voting-trust structure that would involve two rail giants if they merged, saying it could allow the...
CP’s Harrison says CSX and NS ‘both work’ as merger targets
(Source: Reuters, March 9, 2016) MONTREAL — Canadian Pacific Railway Ltd Chief Executive Officer Hunter Harrison on Wednesday said CSX Corp has several strengths as a merger target, but stressed that he never made a formal offer for the U.S. railroad. Full story:...
NJ Transit, unions say they would like to reach a settlement today
(Source: www.nj.com, March 10, 2016) NEWARK, N.J. — NJ Transit and union officials have both said they would prefer to reach a settlement on Thursday and avoid a Sunday morning rail strike. Full story: www.nj.com
CP to sell Arbutus Corridor to Vancouver for $55 million
(Source: Progressive Railroading, March 8, 2016) Canadian Pacific and the city of Vancouver, British Columbia, have agreed to terms for the railroad's sale of the Arbutus Corridor to the city for $55 million. Full story: Progressive Railroading
Metra to expand close call reporting system
(Source: Chicago Sun-Times, March 8, 2016) CHICAGO — About 130 reports of Metra “close calls” have been made in slightly more than six months since four unions signed a confidential safety reporting agreement, officials said Tuesday as they announced an expansion of...
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