Class I Railroads

News & Analysis

10 Feb 2016
Canadian Pacific Railway CEO E. Hunter Harrison said Wednesday he will abandon a proposed takeover of Norfolk Southern Railway if shareholders at the Virginia railroad fail to pressure their board to sit down at the negotiating table with their Canadian counterparts.
09 Feb 2016
Canadian Pacific Railway said Tuesday it plans to submit a resolution asking Norfolk Southern Railway shareholders request their board of directors engage in “good faith discussions” with CP regarding its proposed merger, the newest approach after the Calgary-based company has been rebuffed three times.
09 Feb 2016
Outlook for the Class I rail industry in 2016 varies from cautiously optimistic to downright grim. Even though intermodal service has generally improved, the railroads are finding competition from the trucking sector — for domestic loads and marine containers — as fierce as ever.
03 Feb 2016
In its third white paper defending what has become an increasingly hostile bid for Norfolk Southern Railway, Canadian Pacific Railway detailed its confidence that a tie-up would pass muster with U.S. rail regulators.
01 Feb 2016
CSX Transportation says it remains committed to its planned North Carolina intermodal terminal, even after local and state officials nixed the project’s original construction site outside Raleigh.
27 Jan 2016
Still fighting off an increasingly hostile takeover, Norfolk Southern Railway Wednesday assured shareholders that despite weak carload volume and tumbling intermodal traffic producing a double-digit profit loss, the railroad remains better on its own.
26 Jan 2016
Canadian National Railway on Tuesday gave an uncertain but far rosier outlooks for 2016 than most of its North American counterparts after strong international intermodal volume gains helped propel it to a double-digit profit rise.
26 Jan 2016
The potential merger of Canadian Pacific and Norfolk Southern railways, and the resulting tie-up such consolidation could spur, would shake up the Class I industry — and their shipper customers — to a degree not seen since the Staggers Act of 1980 dramatically reduced the number of major railroads operating in the U.S.
25 Jan 2016
Shippers across the U.S. can expect delays this week as the Mid-Atlantic and Northeast dig out from Winter Storm Jonas, which dumped two or more feet of snow on a region stretching from West Virginia to New England and created icy road conditions in an even larger area.
22 Jan 2016
Kansas City Southern Railway pulled back its optimism that a new Mexico container terminal would reap new container hauling business, the latest blow to the railroad’s intermodal volume that fell 6 percent year-over-year in the last three months of 2015.