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The past week has not been kind to fans of a merger between Canadian Pacific (CP) and Norfolk Southern (NS). After House Transportation & Infrastructure Chairman Bill Shuster came out in opposition, the U.S. Department of Justice’s (DOJ) Antitrust Division and the U.S. Army both issued their own calls to pump the brakes. On Thursday,
Read moreIn a short statement released this morning, House Transportation & Infrastructure Committee Chairman Bill Shuster (R-PA) stated his opposition to the prospect of a merger between Canadian Pacific (CP) and Norfolk Southern (NS). CP has been attempting a semi-hostile takeover of NS, vying to apply an unusual voting trust structure and make a direct appeal
Read moreBelow are just some of the news clips surrounding the ongoing negotiations with New Jersey Transit and the rail labor coalition that has been negotiating for a contract for almost five years. Under the Railway Labor Act, the union coalition is free to strike after March 13. Asbury Park Press How NJ Transit landed on
Read moreOn Tuesday, the Senate subcommittee that oversees railroads held a hearing titled, “Passenger Rail: Opportunities and Challengers for the National Network.” Testifying were two people from regional rail commissions, a city manager from Colorado, and Joseph Boardman, the soon-to-retire CEO of Amtrak. The hearing was almost entirely focused on Amtrak, not just passenger rail. Republicans
Read moreYesterday, nine members of the New Jersey Congressional delegation wrote to New Jersey Transit urging them to settle the long-standing contract battle with the large rail labor coalition, which includes TCU. Even though the labor coalition has made major concessions in its negotiations, and two independant federal panels have said that labor’s offer is the
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