March 28, 2023 | CP-KCS Merger, Headlines, STB
(Source: Freight Waves, March 23, 2023) Federal regulators approved Canadian Pacific’s $31 billion acquisition of Kansas City Southern on March 15. The decision is effective April 14 and will form a new rail carrier to be called Canadian Pacific Kansas City (CPKC). In...
March 28, 2023 | CN, CP-KCS Merger, Headlines, STB
(Source: Railway Age, March 24, 2023) CN’s request regarding conditional approval of the Canadian Pacific-Kansas City Southern merger on the sale of KCS’s Springfield Line to CN has been denied by the Surface Transportation Board (STB), which on March 23 provided...
March 23, 2023 | Employment Data, Headlines, STB
(Source: Progressive Railroading, March 22, 2023) Class Is operating in the United States employed 120,210 people in February, a 0.81% increase over January’s employment levels and a 5.19% increase year over year, according to Surface Transportation Board data....
March 17, 2023 | CP-KCS Merger, East Palestine-NS, Headlines, PSR, Railroad Safety, STB
(Source: The New Republic, March 15, 2023) While workers and regulators aim to get a hold on a runaway industry driven by a practice known as precision scheduled railroading, or PSR, that has cut jobs and made trains bigger and bigger — thus making the whole industry...
March 17, 2023 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, March 16, 2023) With Norfolk Southern’s toxic train derailment in East Palestine, Ohio, heightening public concern about rail safety, federal regulators went out of their way on Wednesday to explain that their approval of the Canadian...
March 16, 2023 | CP-KCS Merger, Headlines, STB
(Source: CNBC, March 15, 2023) The Surface Transportation Board of the United States said on Wednesday it had approved Canadian Pacific’s $31 billion acquisition of railroad company Kansas City Southern with a series of environmental and competition conditions. The...
March 16, 2023 | Amtrak, Headlines, STB, UP
(Source: Trains Magazine, March 15, 2023) Amtrak says on-time performance of its Sunset Limited route remains poor. On March 13, Amtrak again asked the Surface Transportation Board to act on its previous request for an investigation into the train’s operations. In a...
March 16, 2023 | Headlines, Shippers, STB
(Source: Trains Magazine, March 13, 2023) The Surface Transportation Board has named Richard Erstad and James (Leggett) Kitchin to the board’s Railroad-Shipper Transportation Advisory Council, the board announced Friday. Full story: Trains Magazine
March 15, 2023 | CN, CP-KCS Merger, Headlines, STB
(Source: Railfan & Railroad Magazine, March 15, 2023) STB establishes an “unprecedented” seven-year oversight period over CPKC, requiring regular updates to the board on operations, traffic and other key metrics. Full story: Railfan & Railroad...
March 6, 2023 | CP-KCS Merger, Headlines, STB
(Source: Reuters, March 3, 2023) Democratic Senator Elizabeth Warren urged the Surface Transportation Board to reject a proposed Canadian Pacific merger with Kansas City Southern, according to a letter seen by Reuters Friday. Full story: Yahoo...
