With Railway Age since 1992, Bill Vantuono has broadened and deepened the magazine's coverage of the technological revolution that is so swiftly changing the industry. He has also strengthened Railway Age's leadership position in industry affairs with the conferences he conducts on operating passenger trains on freight railroads and communications-based train control.
Citing health reasons, CN President and Chief Executive Officer Claude Mongeau will step down on June 30, 2016. Executive Vice President and Chief Financial Officer Luc Jobin will succeed him.
On Monday, April 11, 2016, Canadian Pacific Railway Ltd. terminated its efforts to merge with Norfolk Southern Corp.. This includes "withdrawal of a resolution asking NS shareholders to vote in favor of good-faith negotiations between the two companies," CP sais. "No further financial offers or overtures to meet with the NS board of directors are planned at this time."
A major electrical cable fire in a tunnel just outside the Washington Metro McPherson Square station early Monday, March 14, 2016 has led to the entire Metrorail system shutting down for a 29-hour period beginning March 16 at 12:00 a.m. for emergency safety inspections of third-rail power cables.
Working within the three-year extension Congress granted in late 2015, the Association of American Railroads has set year-end 2016 goals for Positive Train Control implementation.
Association of American Railroads Senior Vice President-Law and General Counsel Louis P. Warchot has joined the Transportation practice of Sidley Austin LLP as counsel in its Washington, D.C. office.
Carl R. Ice, president and chief executive officer of BNSF Railway, has been named 2016 Railroader of the Year by railroad industry trade journal Railway Age. Ice is Railway Age's 53rd Railroader of the Year.
The Fort Worth Transportation Authority (The T) and representatives from Union Pacific, Dallas Area Rapid Transit (DART), Amtrak, Fort Worth & Western Railroad (FW&W) and Regional Rail Right-of-Way Co. on Dec. 28, 2015 signed a shared-use operating agreement for the TEX Rail commuter rail line, slated to begin service in 2018.
Canadian Pacific’s pursuit of Norfolk Southern has taken on the tone of a rough-and-tumble yet well-intentioned star athlete pulling out all the stops to capture the heart of his dream woman, a relationship-shy political science major who continues to resist her suitor’s advances with perfectly logical yet unemotional reasons why the two aren’t right for each other.
Refuting practically every purported benefit that Canadian Pacific has given, and citing substantial regulatory risks and uncertainties as well as many other negatives, Norfolk Southern on Dec. 4, 2015 loudly and firmly rejected CP's proposal to merge the two railroads into a transcontinental.
The House of Representatives on Oct. 27, 2015 approved H.R. 3819, The Surface Transportation Extension Act of 2015, legislation that funds and extends the authorization for federal highway and transit programs through Nov. 20, but more important, extends the deadline for implementation of Positive Train Control by at least three years. The bill now goes to the Senate, which has two days to consider it—with Sen. Barbara Boxer (D-Calif.) vehemently opposed.