Class 1

House passes S. 808; next stop: the President

The U.S. House of Representatives on Dec. 10, 2015 passed S. 808, the Surface Transportation Board (STB) Reauthorization Act of 2015, which among other provisions, will increase the number of STB members from three to five, improving STB’s structure and decision-making processes by allowing, with proper disclosure, board members to speak with one another about cases on which the STB is ruling.

CP sweetens deals; NS says “no” again

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.

NS to CP: Proposed merger “a poor combination”

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.

Glassman named CSX VP-strategy

CSX Corporation appointed Drew Glassman as vice president-strategy. Glassman brings 25 years of experience in corporate finance to his new role, in which he will oversee company-wide initiatives that position CSX for success.