CN and Union Pacific have signed a binding Memorandum of Understanding establishing a framework for CN to secure competitive access in connection with the proposed transaction between Union Pacific and Norfolk Southern.
Avory B. Beggs is seeking federal authorization to acquire indirect control of two Class III railroads through a proposed ownership change at Midwest & Bluegrass Rail.
The state of Ohio is seeking after-the-fact federal authority to acquire a 43.2-mile rail line between North Warren and Ashtabula, more than four decades after the line came under state ownership.
Union Pacific and Norfolk Southern have submitted the first portion of their responses to the Surface Transportation Board’s May 28 request for additional information to support their proposed merger.
Gateway International Rail Park recently announced the formation of the Laredo Gateway Industrial Railway in Laredo, Texas, a logistics platform officials contend is designed to strengthen cross-border freight capacity in the Laredo market.
A noncarrier has filed a verified notice of exemption to acquire a roughly 11-mile rail line in Conshohocken, Pennsylvania, from Cleveland-Cliffs Railways Inc., which does business as the Upper Merion & Plymouth Railroad.
The Surface Transportation Board has raised the bar for what counts as a Class I railroad, and railroads need almost $1.1 billion in annual revenue to make the cut.
The Surface Transportation Board has accepted the merger application by Union Pacific Corp. and Norfolk Southern Corp., and the railroads said it was an important step toward a reinvigorated, more competitive U.S. railroad industry.
The Surface Transportation Board announced a series of data modernization steps aimed at improving rail service reporting, expanding public access to agency data and eliminating reporting requirements it no longer considers necessary.
CN said it continues to review Union Pacific and Norfolk Southern’s amended merger application submitted to the Surface Transportation Board and will remain actively engaged in this process.