Rail

Megadeal surge leads Canada to record first quarter for M&A

Bloomberg | March 31, 2021 | Intermodal | Rail

Belt Railway of Chicago to Deploy Wi-Tronix Violet Edge System

AJOT | March 30, 2021 | Intermodal | Rail | Shipping Technology

NACD urges inclusion of short line railroads in Federal infrastructure investment

AJOT | March 26, 2021 | Intermodal | Rail

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Port of New Orleans and New Orleans Public Belt Railroad boards elect Langenstein Chairman

AJOT | March 26, 2021 | Intermodal | Rail | People | Appointments

The Board of Commissioners of the Port of New Orleans selected new officers with the election of William H. Langenstein, III as Chairman, Charles H. Ponstein as Vice Chairman and Jack C. Jensen, Jr. as Secretary-Treasurer during the March 25 monthly Board meeting.

California Energy Commission awards funding to demonstrate hydrogen locomotive for rail applications in California

AJOT | March 24, 2021 | Energy | Intermodal | Rail

Winchester and Western Railroad Co. honors shipping safety with community donation to Berkeley County Fire Service Board

AJOT | March 24, 2021 | Intermodal | Rail

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Mitsui Rail Capital adds Rasmussen as a Director of Sales and Marketing

AJOT | March 24, 2021 | Intermodal | Rail

Railcar leasing company Mitsui Rail Capital, LLC (MRC) has added Jeff Rasmussen as a Director of Sales and Marketing and he joins the team with more than 30 years of rail experience – including more than 20 specifically in rail leasing. Rasmussen’s efforts will focus on territories including the Upper Midwest, Pacific Northwest and Western Canada.

Rail traffic for the week ending March 20, 2021

AJOT | March 24, 2021 | Intermodal | Rail

Blockbuster CP-KCS rail merger faces lengthy regulatory journey
Intermodal
Bloomberg | Top Story | March 23, 2021

Blockbuster CP-KCS rail merger faces lengthy regulatory journey

Canadian Pacific Railway Ltd.’s agreement to buy Kansas City Southern faces a long journey to win regulatory approval from a powerful federal agency that has managed to discourage consolidation in the industry with time-consuming reviews and stringent merger rules.
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CP Rail’s higher leverage puts pressure on risk spreads

Bloomberg | March 22, 2021 | Intermodal | Rail

Risk spreads on Canadian Pacific Railway Ltd.’s bonds are widening because the company’s plan to buy Kansas City Southern for $25 billion will push up debt ratios.

CP Rail’s CEO makes the $25 billion deal his mentor wouldn’t
Intermodal
Bloomberg | Top Story | March 22, 2021

CP Rail’s CEO makes the $25 billion deal his mentor wouldn’t

Canadian Pacific Railways Ltd.’s Keith Creel for years followed in the footsteps of his mentor, Hunter Harrison, an industry legend whose revolutionary efficiency strategy became the standard at all the major North American railroads.
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Goldman, BMO to provide $8.6 billion bridge loan on CP Rail deal to buy Kansas City Southern

Bloomberg | March 21, 2021 | Intermodal | Rail

Bank of Montreal and Goldman Sachs Group have committed to an $8.6 billion bridge loan for Canadian Pacific Railway Ltd. to help finance the purchase of Kansas City Southern, according to a person familiar with the matter.

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Canadian Pacific said near $25 billion Kansas City Southern deal

Bloomberg | March 21, 2021 | Intermodal | Rail

Canadian Pacific Railway Ltd. has offered to buy Kansas City Southern for $25 billion, according to a person familiar with the transaction.

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Sierra Northern Railway Team awarded nearly $4,000,000 to build Hydrogen Switcher Locomotive

AJOT | March 18, 2021 | Intermodal | Rail

The locomotive will show the potential of hydrogen fuel-cell technology to reduce transportation air pollutant and greenhouse gas (GHG) emissions.

Bumper crops and stable trade boost prospects for Brazil railway

Bloomberg | March 17, 2021 | Intermodal | Rail

Etihad Rail and Saudi Railway Company (SAR) to cooperate in the exchange of services and training

AJOT | March 17, 2021 | Intermodal | Rail

Rail traffic for the week ending March 13, 2021

AJOT | March 17, 2021 | Intermodal | Rail

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IMT and VTG partner to boost connectivity in rail freight

AJOT | March 16, 2021 | Intermodal | Rail

Intermodal Telematics BV (IMT) and VTG AG have agreed on a long-term partnership to extend the digitisation of VTG’s rail wagon fleet. The first step in this new arrangement will be the delivery of 15,000 of IMT’s CLT20-Ex main GPS units over the next 15 months, with the potential to substantially expand that number over the coming years. The solar powered CLT20-Ex enables unlimited wireless data transfer allowing for optimal accuracy, which is an ideal match for the high requirements in quality and safety that VTG sets in the field of telematics and information provision for its customers.

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Second new rail service in 7 days commences at the Port of Felixstowe

AJOT | March 15, 2021 | Intermodal | Rail

Hutchison Ports Port of Felixstowe is delighted to announce the start of a new rail service to the East Midlands Gateway (EMG), the second new rail service from the port in just seven days.

TRB continues collaboration with Hitachi on new UK rail project

AJOT | March 11, 2021 | Intermodal | Rail

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