General Information
Lance Fritz says UP will be an “active participant” in CP or CN merger with KCS
(Source: Railway Age, April 22, 2021) NEW YORK — On Union Pacific’s April 22 1Q2021 earnings call, chief executive Lance Fritz was peppered with questions about the potential implications of Canadian Pacific or CN acquiring Kansas City Southern. Following is a transcript (edited for clarity) of Fritz’s responses to those questions. Full story: Railway Age Friday,…
Read MoreWar 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 MoreBiden budget would spark ‘second great rail revolution’
(Source: Progressive Railroading 04/19/2021) President Joe Biden last week presented to Congress his fiscal-year 2022 discretionary budget request, including $25.6 billion for the U.S. Department of Transportation (USDOT). The amount proposed for USDOT represents a 1.3% increase over FY2021 enacted funding. The budget proposal “sparks the second great rail revolution” by including $625 million for a new competitive…
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…
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