Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

CP-NS potential merger raises flags in Congress

Canadian Pacific Railway’s attempt to takeover Norfolk Southern Railway has already raised alarm with a group of Illinois lawmakers and prompted a pointed response from the Canada railroad.

Sen. Dick Durbin, D-Ill., on Dec. 14 urged the U.S. Surface Transportation Board, the rail regulatory agency, to consider the potential negative impact of the Canada railroad’s […]

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CP promises ‘street fight’ if NS rejects latest takeover bid

From the Journal of Commerce:

A proxy war has been all but declared, analysts say, after Canadian Pacific Railway announced Wednesday it had upped its hostile bid for Norfolk Southern Railway by some $3.4 billion.

It’s the second time the Calgary-based railroad has attempted to sweeten the pot after NS shareholders called CP’s first two […]

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Obama spends $600 million on rail projects that benefit private companies

The numbers above don’t include tens of millions more that states have contributed for additional investment in ports and high-speed passenger trains that’s boosted the nation’s freight railroads. McClatchy graphic.

The railroad industry brags in its national publicity campaign that it spends billions of dollars improving its infrastructure “so taxpayers don’t have to.”

But […]

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Four Railroads Face Class Action Price Fixing Lawsuit

A lawsuit brought on by eight shippers accusing the top four U.S. railroads of colluding to set fuel surcharges gained class action status recently.

The lawsuit accuses BNSF Railway, Union Pacific Railroad, Norfolk Southern Railway and CSX Transportation of conspiring to fix, raise, maintain or stabilize prices from mid-2003 until 2008. The shippers also allege […]

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