Rail Industry News
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...
New cross-border trucking rule will protect Teamster drivers
(Source: International Brotherhood of Teamsters press release, April 15, 2021) WASHINGTON, D.C. — The Teamsters are hailing the U.S. International Trade Commission’s (ITC’s) issuance of a final rule implementing the U.S.-Mexico-Canada (USMCA) trade agreement’s...
LIRR to test battery power on Oyster Bay branch
(Source: Intelligent Transport, April 20, 2021) NEW YORK — The Long Island Rail Road will test battery-powered trains on a shot branch of its network, with a view to rolling the technology out more widely if it is successful. Full story: Intelligent Transport
BLET News
Railroad unemployment and sickness benefits will slightly decrease under adjusted sequestration rate
Beginning October 1, 2014, the U.S. Railroad Retirement Board (RRB) will reduce railroad unemployment and sickness insurance benefits by 7.3 percent, up from the current 7.2 percent reduction, due to federal budget cuts first implemented in March 2013.
Division 523 collecting donations for member who needs kidney transplant
The members of BLET Division 523 are soliciting donations for retired member Jerry D. Cloke, who is in need of a kidney transplant.
After 5 years of talks, Locomotive Engineers reach agreement with SEPTA
The Brotherhood of Locomotive Engineers and Trainmen – Division 71, representing 200 rail engineers at SEPTA, announced today a tentative agreement for a new 5-year contract with the transit agency that will cover workers through July 2015.
Open enrollment begins November 1, 2014 for the BLET Short Term Disability Plan – Important Changes and Enhancements to Plan B Coverage
Open Enrollment for 2015 under the BLET’s Short Term Disability insurance plan begins on November 1, 2014 and runs through December 15, 2014.
BLET delegates back two-person train crews on final day of Third National Convention
Delegates today adopted a resolution pledging the BLET’s unwavering support for two-person train crews during the final day of the union’s Third National Convention.
President Pierce, Advisory Board elected by acclamation on Day 3 of BLET National Convention
Dennis R. Pierce was elected by acclamation to his second full term as President of the Brotherhood of Locomotive Engineers and Trainmen this morning at the union’s Third National Convention in Las Vegas. Additionally, all Advisory Board members were elected without opposition. Their terms of office will begin on January 1, 2015.
Teamsters’ Ken Hall highlights Day 2 of BLET’s Third National Convention
Teamsters General Secretary-Treasurer Ken Hall motivated BLET delegates with an energetic speech that was a highlight today of the BLET’s Third National Convention. Delegates enjoyed video messages from U.S. Senator Elizabeth Warren and U.S. Senator Sherrod Brown during Day 2 of the session.
NST Bill Walpert bids farewell at BLET Third National Convention
BLET National Secretary-Treasurer William C. Walpert delivered a heartfelt and emotional retirement speech yesterday during the afternoon session of the BLET’s Third National Convention.
President Pierce addresses BLET delegates at Third National Convention
BLET National President Dennis R. Pierce delivered his state of the union speech today to conclude the morning session of the BLET’s Third National Convention.
BLET Third National Convention begins
The Third National Convention of the Brotherhood of Locomotive Engineers and Trainmen (BLET) opened here this morning with over 400 delegates representing 38,000 locomotive engineers and trainmen on national freight and passenger rail systems across the United States.
