BLET News
War of words heats up in battle between CP and CN for KCS
(Source: Canadian Press, April 22, 2021) MONTREAL — The head of Canadian Pacific referred to its rival’s bid for Kansas City Southern as “fantasyland” as a war of words between Canada’s two largest railroads continue to head up. Full story: Estevan Mercury Friday, April 23, 2021
Read MoreGOP lawmakers seek end to federal funds for California high-speed rail project
(Source: Progressive Railroading, April 16, 2021) A dozen Republican congressmen — led by House Railroads, Pipelines and Hazardous Materials Subcommittee Ranking Member Rick Crawford (R-Ark.) — are asking U.S. Transportation Secretary Pete Buttigieg to justify federal funding for California’s high-speed rail project. Full story: Progressive Railroading Monday, April 19, 2021
Read MoreUsing operating ratio to assess transportation companies has its pros and cons, say experts
(Source: Freight Waves, April 18, 2021) CHATTANOOGA, Tenn. — Operating ratio (OR) is a way for investors to compare the financials of one company against its peers. Investors use OR to gauge whether a company is generating sufficient profits. The formula to calculate OR is to divide a company’s operating expenses by its revenue. Put…
Read MoreUnion Pacific cuts almost 60 jobs in Palestine, Texas
(Source: KLTV, April 16, 2021) PALESTINE, Texas — Union Pacific notified workers at the Palestine Car Facility that 57 positions will be eliminated mid-June. Currently, the Palestine Union Pacific workforce is 60 people. Full story: www.kltv.com Monday, April 19, 2021
Read MoreCP-KCS merger may be the last big rail deal
(Source: Bloomberg, April 12, 2021) NEW YORK — Canadian Pacific Railway Ltd. has finally found the right target to realize its vision for railroad consolidation. The company agreed in March to acquire Kansas City Southern for $275 a share, or about $29 billion including debt. If completed, the merger would be the largest between two…
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