Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
September 16, 2021
Rail Traffic for the Week Ending September 11, 2021
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending September 11, 2021. For this week, total U.S. weekly rail traffic was 468,610 carloads and intermodal units, down 1.3 percent compared with the same week last year.
September 15, 2021
Kansas City Southern Terminates Canadian National Railway Merger Agreement and Is Entering Into Merger Agreement with Canadian Pacific Railway
Kansas City Southern (“KCS”) today announced that the Company’s Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian Pacific Railway Limited (“CP”) on September 12, 2021 continues to constitute a “Company Superior Proposal” under KCS’s pending merger agreement with Canadian National Railway Company (“CN”)
September 14, 2021
Wabtec Signs Memoranda of Understanding with Carnegie Mellon University and Genesee & Wyoming to Decarbonize Freight Rail and Improve Freight Rail Safety
Wabtec announced that it has signed a memorandum of understanding (MOU) with Carnegie Mellon University, a top university in engineering, artificial intelligence, battery technology, autonomy and robotics, which formalizes their joint aim to create technologies that will decarbonize freight rail transport, improve freight safety, and generate greater rail network utilization.
September 13, 2021
Kansas City Southern Receives Revised Proposal from Canadian Pacific That Board of Directors Determines is a “Company Superior Proposal”
Kansas City Southern announced that the KCS Board of Directors determined that CP’s revised proposal constitutes a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian National Railway Company (“CN”).
September 10, 2021
Maersk and Canadian Pacific Open Pacific Transload Express Facility
Maersk and Canadian Pacific (CP) opened the new 117,000 square foot, 103 door Pacific Transload Express facility, located in Vancouver, British Columbia.
September 9, 2021
CN Announces its Plan to Introduce Mandatory COVID-19 Vaccination Policy for all Employees in Canada
CN announced that vaccination against COVID-19 will be mandatory for all its employees in Canada. CN’s vaccination policy will apply to all employees and new hires in Canada, and its wholly owned subsidiaries.
September 8, 2021
Rail Traffic for the Week Ending September 4, 2021
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending September 4, 2021. For this week, total U.S. weekly rail traffic was 494,415 carloads and intermodal units, down 3 percent compared with the same week last year. Total carloads for the week ending September 4 were 228,203 carloads, up 2.6 percent compared with the same week in 2020, while U.S. weekly intermodal volume was 266,212 containers and trailers, down 7.3 percent compared to 2020.
September 8, 2021
Progress Rail Approves B20 Biodiesel Fuel for Use in EMD® Engines
Progress Rail, A Caterpillar Company, is committed to offering sustainable solutions by providing products that facilitate fuel transition, increase operational efficiency, and reduce emissions. To help customers achieve their climate-related goals, Progress Rail has approved the use of up to 20% biodiesel blend (B20) across its range of 645 and 710 series engines.
September 7, 2021
Kansas City Southern Board of Directors Determines Proposal from Canadian Pacific Railway Could Reasonably Be Expected to Lead to a “Superior Proposal”
Kansas City Southern (“KCS”) announced that its Board of Directors has unanimously determined, after consultation with the Company’s outside legal and financial advisors, that the unsolicited proposal received from Canadian Pacific Railway Limited on August 31, 2021, to acquire KCS in a cash and stock transaction valued by CP at $300 per KCS share could reasonably be expected to lead to a “Company Superior Proposal” as defined in KCS’s merger agreement with CN.
September 7, 2021
Amtrak Midwest Service Changes
Amtrak MidwestSM network service modifications were made due to reduced travel demand during the COVID-19 pandemic were in partnership with the Wisconsin, Illinois, Michigan and Missouri state transportation departments, from March 13, 2020 and ending Sept, 6, 2021.
