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Activist investor raises stake in “undervalued” CN, may seek board seat

(Source: BNN Bloomberg, August 30, 2021) MONTREAL — The investment firm founded by billionaire Christopher Hohn has increased its stake in Canadian National Railway Co., describing the railroad operator’s stock as “undervalued” and an “attractive investment opportunity” in a filing to the U.S. Securities and Exchange Commission on Monday. A regulatory filing also includes commentary…

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AAR, APTA seek COVID-19 waiver extensions

(Source: Railway Age, August 26, 2021) NEW YORK — The Association of American Railroads (AAR) and the American Public Transportation Association have separately petitioned the Federal Railroad Administration (FRA) for an extension of existing waivers of compliance from certain provisions of rail safety regulations that FRA granted last fall relating to COVID-19. Full story: Railway Age…

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AAR: Carloads, intermodal drop in most recent week

(Source: Railway Age, August 25, 2021) NEW YORK — For the week ending Aug. 21, 2021, total U.S. rail traffic came in at 501,273 carloads and intermodal units, falling 2.6% from the same week last year, the Association of American Railroads (AAR) reported on Aug. 25. Full story: Railway Age

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Will U.S. railroads be ready for fall crop harvest?

(Source: World Grain, August 24, 2021) KANSAS CITY, Mo. — The Surface Transportation Board this month posted notice of a National Grain Car Council meeting to be held virtually via Zoom on Aug. 26 from 1 p.m. to 5 p.m. CDT to discuss grain transportation issues, including the railroads’ readiness to transport the 2021 grain…

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Bipartisan infrastructure plan vote expected by September 27

(Source: Railway Age, August 25, 2021) NEW YORK — The House on Aug. 24 passed a $3.5 trillion budget blueprint and allowed for a vote by Sept. 27 on the $1 trillion bipartisan infrastructure bill. The Senate on Aug. 9 passed the infrastructure bill, which includes $550 billion over five years for new federal investment,…

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