Intermodal

News from the intermodal freight transportation industry.

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Century-old rail rivalry flares up over a $30 billion prize

Bloomberg | April 21, 2021 | Intermodal | Rail

Canadian National Railway Co.’s bid to wrest Kansas City Southern away from Canadian Pacific Railway Ltd. is rekindling a century-old rivalry and pitting former colleagues against each other.

OmniTRAX and River Ridge Development Authority strike partnership to transform 6,000 acre Indiana Rail Industrial Park

AJOT | April 21, 2021 | Intermodal | Rail

Rail traffic for the week ending April 17, 2021

AJOT | April 21, 2021 | Intermodal | Rail

K.C. Southern morphs from railroad also-ran to $30 billion prize

Intermodal

Bloomberg | Top Story | April 21, 2021

K.C. Southern morphs from railroad also-ran to $30 billion prize

In less than a year, Kansas City Southern has transformed from an industry wallflower to the belle of the ball, getting courted by Canada’s two biggest railroads.

Arkansas-based transportation expert Woodfield, Inc. selects TexAmericas Center as regional home

AJOT | April 21, 2021 | Intermodal | Trucking

TMC/FleetNet America Survey finds varied roadside maintenance intervals

AJOT | April 21, 2021 | Intermodal | Trucking

Australia cancels China’s Belt and Road deal with state

Bloomberg | April 21, 2021 | Intermodal | Trucking

GOP aims to present infrastructure counter-proposal this week

Intermodal

Bloomberg | Top Story | April 20, 2021

GOP aims to present infrastructure counter-proposal this week

A group of Senate Republicans is aiming to present a broad counteroffer to President Joe Biden’s $2.25 trillion infrastructure and jobs plan later this week.

CN Rail chief pounces while Kansas City Southern is in play

Intermodal

Bloomberg | Top Story | April 20, 2021

CN Rail chief pounces while Kansas City Southern is in play

Canadian National Railway Co. offered $30 billion to snatch Kansas City Southern from a rival, spurring a possible bidding war in one of the industry’s biggest potential deals in decades.

FTR’s Shippers Conditions Index fell in February to weakest reading during pandemic

AJOT | April 20, 2021 | Intermodal | Rail

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CN makes superior proposal to combine with Kansas City Southern

AJOT | April 20, 2021 | Intermodal | Rail

• Combination will create the premier railway for the 21st century connecting ports in the United States, Canada and Mexico to facilitate trade and economic prosperity across North America • Combination will result in a safer, faster, cleaner and stronger railway • CN’s proposal of $325 per KCS share represents 21% premium over implied value of CP transaction and values KCS at an enterprise value of $33.7 billion1 • Expected EBITDA synergies approaching $1 billion annually with a significant proportion expected from converting truck traffic from busy interstates and highways for better fuel efficiency at a lower cost • Anticipated to be accretive to Adjusted Diluted EPS2 in the first full year following CN assuming control of KCS

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L-Charge sets new record for off-grid EV chargers

AJOT | April 20, 2021 | Intermodal | Trucking

L-CHARGE, the super fast charging technology developer, announces the availability of its first-generation 10-minute-speed charging station fully working prototype. This achievement marks a significant milestone for the company on its way to bridge the gap towards a low-carbon economy, demonstrating the commercially viable gas-powered off-grid installations that would make EVs more accessible to the general public.