CSX: Basics of the PAR Acquisition

NEED-TO-KNOW INFO ABOUT THE CSX FILING TO ACQUIRE PAR: BASIC STRATEGY, HOW IT'S GONNA WORK, STB FILINGS

CSX: Basics of the PAR Acquisition

26.February, Washington DC – CSX filed with the Surface Transportation Board an APPLICATION to acquire Pan Am. Docketed as No. FD 36472, five other documents under that docket, plus one other related filing (Docket# AB 1312) were posted to the STB website at the same time as the APPLICATION. Many additional filings are expected. Editor’s […]

CN: ‘DSR’ Is the New PSR, But $150M Cheaper

CN: ‘DSR’ Is the New PSR, But $150M Cheaper

17.February, Montreal QC – CN President and CEO, JJ Ruest, and the company’s EVP and CFO, Ghislain Houle addressed the Citi 2021 Global Industrials Virtual Conference, announcing that multiple initiatives they are employing will see DSR as the next step in safety and cost savings. Houle said, “Technology will fundamentally change the way we operate […]

STB Merger Process 101

What is required for railroads to merge.

STB Merger Process 101

While railroads have been “deregulated” since the Staggers Act of 1980, mild government oversight does remain to protect public and shipper interests, overseen by the Surface Transportation Board (successor to the hated Interstate Commerce Commission that existed until 1996). Railroads are required to submit mergers for STB review. Any transaction is expected to demonstrate public […]

CSX Files with STB To Acquire Pan-Am

Letter to Pan-Am Employees From Cyndi Scarano, Pan-Am Executive Vice President

CSX Files with STB To Acquire Pan-Am

Dear Employees: Last night, CSX filed its application with the Surface Transportation Board for authority to acquire Pan Am.  CSXT is pursing a minor transaction which, if permitted, would establish a timeline of approximately six months for STB review. This is a necessary Governmental part of the process.  While we will not be in control […]

FRA: Emergency Order Mandates Full-time Masking for Operations

FRA: Emergency Order Mandates Full-time Masking for Operations

24.February, Washington, DC – The Federal Railroad Administration issued Emergency Order No. 32, Notice No. 1, requiring face mask use in railroad operations. According to the order, to help prevent the spread of coronavirus disease 2019 (COVID-19), the FRA is issuing this emergency order (EO) to require compliance with the mask requirements of the Order […]

CSXT, CN: STB Derails Massena Line Deal

CSXT, CN: STB Derails Massena Line Deal

25.February, Washington, DC – After multiple delays and a period of silence, the STB issued a decision on 24.February denying reconsideration of the original conditional approval of the CN/B&LE acquisition of the CSXT Massena Line. On 6.April.2020 the STB authorized, subject to conditions, the Bessemer and Lake Erie Railroad Company, an indirect wholly owned rail […]

Transport Canada Revises Rules for Key Train Handling

FEDERAL AGENCY CODIFIES AD HOC MINISTERIAL ORDERS IN RESPONSE TO LAC MEGANTIC DISASTER AND ANTICIPATED CRUDE-BY-RAIL SURGE

Transport Canada Revises Rules for Key Train Handling

23.February, Ottawa ON – Transport Canada approved changes to the Rules Respecting Key Trains and Key Routes, as a measure to ensure the reliable transportation of dangerous goods by rail in colder weather, and the protection of both railway workers and those living near Canada’s rail corridors. These changes make permanent Ministerial Orders that were […]

CP: Hapag-Lloyd Container Ship Kicks off Saint John Service

CP, Hapag-Lloyd and DP World Look to Make Port of Saint John the Prince Rupert of the East

CP: Hapag-Lloyd Container Ship Kicks off Saint John Service

22.February, Saint John NB – The 4,115 TEU Hapag-Lloyd GLASGOW EXPRESS, due in to Saint John on 25.February, will inaugurate a new container service partnership between H-L, Canadian Pacific Railways (CP), and DP World Saint John (DPW-SJ). GLASGOW EXPRESS has been on a cycle visiting regular ports (Italy, Spain, and Morocco), and the Saint John […]

NBSR: Adds Trains for Non-wood Traffic Growth

BUSTLING NON-WOOD TRAFFIC FORCES IRVING LINES TO ADD A BVJ-SJ TRAIN PAIR

NBSR: Adds Trains for Non-wood Traffic Growth

14.February, Saint John NB – New Brunswick Southern Railway and affiliates EMR and MNR will implement additional service between Brownville Jct. ME (BVJ) and Saint John NB (SJ), to keep wood-product traffic fluid in response to growth in other cargoes. Beginning on 15.February, an additional train pair will serve the route for three days each week, […]

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