Genesee & Wyoming Inc. (G&W) is acquiring the shares of Atlantic Western Transportation, Inc., parent company of Heart of Georgia Railroad, Inc. (HOG).
Canadian Pacific today said it will seek a declaratory order from the U.S. Surface Transportation Board (STB) to confirm the viability of the voting trust structure that CP has suggested as part of its proposed merger with Norfolk Southern Corp.
Canadian Pacific has submitted a letter to the U.S. Department of Justice, asking it to review recent actions and statements made by a number of major U.S. railroads, the railroad said.
Norfolk Southern on Sept. 18 said it had completed the acquisition of 282 miles of the Delaware & Hudson Railway Co.’s (D&H) line between Sunbury, Pa., and Schenectady, N.Y.
Too many regulations would have a major impact on the railroad industry’s ability to sustain private investment to build, maintain and upgrade the nation’s 140,000-mile rail network.
Norfolk Southern Corp. is acquiring from the Delaware & Hudson Railway Co. (D&H), a subsidiary of Canadian Pacific Railway, 282.55 miles of rail line between Sunbury, Pa., and Schenectady, N.Y., in a $217 million sale.
CSX Transportation is opposing a proposal before the Surface Transportation Board (STB) the railroad says would create unpredictable traffic flows, reduce high levels of customer service achieved over the past few years, and diminish the company’s incentive to keep investing at record levels in critically needed transportation infrastructure.
WASHINGTON — In an action officials say will provide greater public access to its processes, the Surface Transportation Board announced that it is reducing the fee charged shippers to file a railroad rate or unreasonable practice complaint from $20,000 to $350, and is maintaining the $150 fee to file an expedited small rate case.