Rail Industry News
Norfolk Southern’s chilly response to CP offer shows deal faces many hurdles
(Source: CBC News, November 19, 2015) OTTAWA — Canadian Pacific Railway's offer to buy U.S. rival Norfolk Southern is no sure thing, as the deal must meet numerous regulatory hurdles even if the management of both companies agree to go along. Full story: CBC News
Canadian Pacific touts $1.8 billion in savings with NS deal
(Source: Reuters, November 18, 2015) NEW YORK — Canadian Pacific Railway Ltd. said its proposed $28.4 billion acquisition of U.S. railroad operator Norfolk Southern Corp. would help the combined company to save at least $1.8 billion annually. Full story: Reuters
CP defends bid for NS
(Source: Associated Press, November 18, 2015) NORFOLK, Va. — Canadian Pacific offered more details and defended its offer to join two of North America's biggest railroads, but Norfolk Southern offered only a lukewarm response and regulators have expressed significant...
UP employees deliver annual Christmas tree in Omaha
(Source: Nebraska Radio Network, November 16, 2015) OMAHA, Neb. — Union Pacific Railroad employees today continued a long tradition of cutting down and delivering the ceremonial Christmas tree to the Durham Museum in Omaha today. This year’s tree is a 40 year old blue...
What went wrong with Chicago’s Union Station?
(Source: Chicago Mag, November 16, 2015) CHICAGO — The Great Hall in Union Station is famous. And it’s famously empty. All that grandeur, constructed over a decade from some of Daniel Burnham’s final designs, and the vast majority of its travelers end up crammed into...
Judge will rule soon in Long Beach suit against Los Angeles, Port of LA
(Source: Press Telegram, November 17, 2015) LONG BEACH, Calif. — A judge will render a decision in the next few weeks on a lawsuit brought on by the City of Long Beach and other petitioners over a controversial $500 million rail yard project that they say would...
Planning begins to move rail lines out of Winnipeg
(Source: CBC News, November 16, 2015) WINNIPEG — A working group is set to start as early as next month to plan to move rail lines out of the city of Winnipeg. The group, which will include Canadian Pacific Railway and Canadian National officials, will put together a...
Chicago officials doing battle with railroads
(Source: Chicago Tribune, November 17, 2015) CHICAGO — In a seven-page letter this year to U.S. Sen. Richard Durbin, D-Ill., and other members of the Illinois congressional delegation, state Sen. Bill Cunningham, D-Chicago; state Reps. Kelly Burke, D-Evergreen Park,...
Reduced speed rule didn’t apply to ethanol train in Alma derailment
(Source: McClatchy News Service, November 17, 2015) WASHINGTON, D.C. — The train that derailed earlier this month in Wisconsin and spilled 20,000 gallons of ethanol into the Mississippi River didn’t have a sufficient number of cars carrying flammable liquids to meet...
Union Pacific to close Burnham repair shop in Denver; 200 jobs on the line
(Source: Denver Post, November 17, 2015) DENVER — Union Pacific this week notified workers it will shutter its Burnham Shop repair yard in central Denver, putting more than 200 jobs on the line and darkening a piece of Colorado history. Operations at Burnham will halt...
Teamsters support House introduction of Pension Accountability Act
(Source: International Brotherhood of Teamsters press release, November 17, 2015) WASHINGTON, D.C. — The Teamsters Union expressed its support today of the introduction of the House companion bill for Sen. Rob Portman’s (R-Ohio) Pension Accountability Act. The bill...
Opinion: Hijacking high-speed rail hurts America’s future
(Source: WHAV opinion column by Jim Hightower, November 17, 2015) HAVERHILL, Mass. — Highway builders, auto lobbyists and airline monopolists have hijacked America’s transportation policy. As a result, our mobility future has been clogged with their self-interest,...
Norfolk Southern statement on CP Rail’s ‘low-premium’ offer of acquisition
(Source: Norfolk Southern press release, November 17, 2015) NORFOLK, Va. — Norfolk Southern Corporation (“the Company”) today confirmed that it has received an unsolicited, low-premium, non-binding, highly conditional indication of interest from Canadian Pacific...
CP Rail discloses full details of offer letter to Norfolk Southern
(Source: Canadian Pacific Railway press release, November 18, 2015) CALGARY, Alberta — Canadian Pacific today disclosed the contents of the offer letter it sent to Norfolk Southern Corp. (NS) on November 17, 2015 to clarify the details of a proposal that would result...
Railway Age: An analysis of CP’s proposed acquisition of NS
(Source: Railway Age, November 17, 2015) NEW YORK — It’s official: Canadian Pacific on Nov. 17, 2015 sent an offer letter to Norfolk Southern proposing a merger (an acquisition, really) “that would create a transcontinental railroad with the scale and reach to deliver...
Canadian Pacific’s underwhelming bid
(Source: Bloomberg, November 17, 2015) NEW YORK — Canadian Pacific may want to rethink its definition of sizable. The $21 billion railroad operator said Tuesday that it had approached Norfolk Southern with an offer to buy the company for a "sizable premium" in cash...
Norfolk Southern hostile to Canadian Pacific’s $28.4 billion bid
(Source: Reuters, November 17, 2015) NEW YORK — U.S. railroad operator Norfolk Southern Corp. all but rejected a $28.4 billion acquisition offer by Canadian Pacific Railway Ltd. on Tuesday, calling it "low-premium" and warning it would face significant regulatory...
Bee sting forces emergency stop for Amtrak train
(Source: WJBD, November 16, 2015) SALEM, Ill. — An Amtrak train traveling through Odin Sunday night made an emergency medical stop for a passenger that had been stung by a bee. Full story: WJBD
Air General workers at Detroit Metropolitan Airport choose Teamsters
(Source: International Brotherhood of Teamsters press release, November 16, 2015) DETROIT — Workers with Air General who provide cargo, mail handling and warehousing services at Detroit Metropolitan Airport have voted to join Teamsters Local 283 in Wyandotte, Mich....
Local officials tout alliances to push for stronger oil train regs
(Source: Pittsburgh Post-Gazette, November 14, 2015) PITTSBURGH, Pa. — While railroads have long carried hazardous materials through congested urban areas, cities are now scrambling to formulate emergency plans and to train firefighters amid the latest safety threat:...
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