Rep. Peter DeFazio, D-Ore., doesn’t want federal regulators to approve a voting trust that Canadian railway CN would establish as part of the process to acquire Kansas City Southern.
Employment levels in June for the U.S. operations of the Class I railroads held steady from May, although U.S. rail volumes grew by one-fifth over the same period.
STB Chairman Marty Oberman has sent letters to all the Class I railroads asking them how the railroads are applying storage fees at key container terminals while the supply chain is congested.
Supply chain bottlenecks are raising red flags for inflation down the road.
Amtrak wants federal regulators to expedite a request to reestablish passenger rail service between Mobile and New Orleans. But CSX and Norfolk Southern say, not so fast.
President Joe Biden’s order last week calls upon the Surface Transportation Board to examine hot topics among rail shippers, including reciprocal switching. The challenge will be balancing the wants and needs of shippers and the freight railroads.
CSX hopes an expanded application containing a more in-depth market analysis will persuade the Surface Transportation Board to approve CSX’s request to acquire Pan Am.
Canadian Pacific and CN note the end of the public comment period for CN’s proposed voting trust, which would be used to acquire Kansas City Southern. But in order for regulators to review the voting trust application, the Surface Transportation Board may need to clarify further the parameters for gauging whether a rail merger is in the public interest, some stakeholders say.
Monday is the last day that stakeholders can express their views to the Surface Transportation Board over CN’s proposed voting trust that will be used to acquire KCS. Canadian Pacific says it has the support of North Dakota congressional leaders, while CN touts support from Gulf Coast and southern Plains leaders.
Employment levels at the U.S. operations of Class I railroads were flat to higher from April to May. But year-over-year totals show a nearly 3% decline. Meanwhile, the Class I railroads say they’re actively hiring and training in 2021.
CN and Canadian Pacific are rounding up support for their respective plans to acquire Kansas City Southern. Regulators are accepting public comments on CN’s voting trust through next Monday. CN would use the voting trust as part of the process to acquire KCS.
Ocean carriers and Class I railroads both agree that chassis shortages are contributing to volume congestion. But solutions to relieve the congestion rely on multiple supply chain stakeholders, say the railroads.
CN continues to insist that it has widespread support for its plans to acquire Kansas City Southern. That support includes the voting trust proposal that CN would use as part of the merger process.
The Surface Transportation Board is accepting public comments on CN’s and Kansas City Southern’s voting trust proposal. KCS asserts its financial strength while Canadian Pacific circulates a union’s negative feedback on the CN-KCS merger.
Former Surface Transportation Board Vice Chairman William Clyburn Jr. recommends that STB approve the voting trust proposed by CN and Kansas City Southern.
The American Chemistry Council wants the Surface Transportation Board to look into whether operational changes and cost cutting exacerbated the rail service issues that chemicals shippers have been having in the first half of this year.
A trio of shippers groups, CN, Kansas City Southern and Canadian Pacific offer their takes on whether the voting trust associated with the proposed CN-KCS merger is or isn’t in the public interest.
The rail regulatory body sent several letters to Class I railroad heads last week, asking them to provide plans on how they expect to handle workforce and equipment in light of broader supply chain disruptions and anticipated service demand post-pandemic.
President Joe Biden’s regulatory policy shift has wide-ranging implications for shippers and carriers.
The American Chemistry Council, which represents chemicals shippers, wants the Surface Transportation Board to scrutinize proposed Class I rail mergers to ensure that shippers don’t encounter reduced offerings.
