Rail News Home Canadian Pacific 6/1/2021 Rail News: Canadian Pacific
Canadian Pacific today announced that more than 130 stakeholders have filed statements with the Surface Transportation Board (STB) asking it to reject CN's proposed use of a voting trust.This brings the total letters submitted to more than 960, including 250-plus expressing concern about CN and Kansas City Southern's combination, its use of a voting trust, or both, and more than 730 in support of CP-KCS, CP officials said in a press release.The opposition letters — which came from shippers, ports, local governments, transportation associations and other stakeholders — highlight the "extensive risks" the proposed CN-KCS voting trust poses to competition by reducing shipper options, CP officials said. Stakeholders also expressed concerns over the likelihood of reduced service quality and infrastructure investments as a result of the proposed CN transaction, they added.The concerns echo those of the U.S. Department of Justice, which on May 14 filed comments with the STB objecting to CN's proposed use of a voting trust on the grounds that a CN merger with KCS would pose greater risks to competition than the CP-KCS agreement, according to CP.
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Rail News Home Union Pacific Railroad 5/28/2021 Rail News: Union Pacific Railroad
UP No. 1979 is named after the year the Class I launched its first ERG, the Black Employee Network. Photo – up.com
UP No. 1979 is named after the year the Class I launched its first ERG, the Black Employee Network. Photo – up.com
Union Pacific Railroad's "We Are ONE" Employee Resource Group (ERG) commemorative locomotive is ready to hit the tracks. UP No. 1979 is named after the year in which the Class I established its first ERG, the Black Employee Network (BEN).
The locomotive will travel through UP's system on its way to the ONE ERG conference to be held in Omaha Sept. 1-2. Its unveiling will be held in Houston in honor of Juneteenth day, the holiday marking the end of slavery in the United States.