Rail News Home Canadian Pacific 5/28/2021 Rail News: Canadian Pacific
The Canadian government has reached an agreement with Canadian Pacific concerning the Lac-Megantic rail bypass.In collaboration with CP, the government has established an accelerated schedule that will enable the project to be completed in 2023. Work is expected to begin in spring 2022.The agreement is an important step toward obtaining the necessary plans, specifications and regulatory authorization to complete the project, government officials said in a press release. The pact includes several studies to be completed in the coming weeks on soil, water and fish habitat quality, and on ambient noise levels.“Transport Canada is committed to keeping property owners informed and minimizing the impact of the work while the studies are completed,” government officials said.The final right-of-way plan has been completed and negotiations to acquire the land now will begin with affected property owners.The 8-mile bypass will be built in response to the July 2013 Lac-Megantic rail disaster, in which an unattended crude-oil train — which had been parked in Nantes at the top of a slope — rolled down a hill before derailing at a high rate of speed in the city’s downtown area. The derailment led to an explosion and fire that killed 47 people and destroyed lots of property.
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Rail News Home CSX Transportation 5/27/2021 Rail News: CSX Transportation
The board found that the application did not include all of the information necessary for purposes of a "significant" transaction. Photo – csx.com
The board found that the application did not include all of the information necessary for purposes of a "significant" transaction. Photo – csx.com
The Surface Transportation Board (STB) yesterday announced it rejected CSX’s proposed acquisition of Pan Am Systems Inc. and its short-line subsidiaries because the Class I’s application was considered "incomplete."
The board found that the application did not include all of the information necessary for purposes of a "significant" transaction under its regulations, STB officials said in a press release.
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CN and Kansas City Southern today jointly filed with the Surface Transportation Board (STB) a renewed motion for approval of its voting trust that outlines the case for approval of the voting trust to advance the CN-KCS merger.
The filing highlights that the voting trust protects against premature control of KCS and protects KCS’ financial health, that CN remains financially sound, the substantial benefits to be gained from the transaction by customers and the nearly 1,100 stakeholders who have already supported the transaction.