Class I railroads
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Rail
Justice Department, CP and KCS spar over rail merger process
The U.S. Department of Justice raised concerns about how Canadian Pacific and Kansas City Southern are using a voting trust to facilitate their proposed merger.…
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Rail
STB to require ‘certain minimum information’ on demurrage invoices
The Surface Transportation Board defines what billing information should be included in demurrage invoices to rail users as a means to provide more transparency.
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Rail
Shippers, 4 Class I railroads press for STB scrutiny of CP-KCS merger
Two rail shipper coalition groups and four Class I railroads want the Surface Transportation Board to review Canadian Pacific’s proposed acquisition of Kansas City Southern…
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Rail
5 Wall Street impressions about proposed CP-KCS merger
Canadian Pacific wants to acquire Kansas City Southern. Here are five thoughts from Wall Street transportation analysts about the transaction.
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Rail
Class I railroads outline 2021 projections, February weather impacts
The publicly traded Class I railroads expect rail volumes to improve this year despite severe winter weather curtailing operations in February.
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News
Analysts all in on transportation; spending on services no threat
Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
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News
Weather hits J.B. Hunt’s Q1; intermodal prospects favorable
J.B. Hunt believes recent winter storms will negatively impact first-quarter operating income by $15 million to $20 million. The company said it had been successful…
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Rail
Technology’s long, and likely continuing, impact on freight rail headcount
Adoption of technology has influenced U.S. Class I railroads’ staffing. Will additional technological innovation cut headcount even more, or will other factors have greater weight?
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Rail
Class I railroads upbeat about intermodal in 2021
Anticipated consumer spending levels, retail restocking and tight truck capacity are among the factors that could support intermodal volumes this year, according to Class I…
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Rail
US Class I rail headcount tumbles 14% in 2020
U.S. operations of the Class I railroads employed fewer employees in 2020 than in any year since at least 2012. Headcount was 14% lower than…
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