Rail shutdown looms large even as Congress steps in

Railroad worker

A joint resolution by U.S. lawmakers aimed at ending the threat of a strike or lockout provides little incentive for avoiding a debilitating shutdown of the nation’s railroads, according to a former rail industry legal consultant.

Introduced in the Senate on Monday by Roger Wicker, R.-Miss., and Richard Burr, R-N.C., the legislation would adopt the recommendations issued in August by the Presidential Emergency Board (PEB) that were meant to be used as the foundation for a new contract. Such...

https://www.freightwaves.com/news/rail-shutdown-looms-large-even-as-congress-steps-in

Shippers: CP-KCS merger could reduce competition at interchanges

Contrary to assertions by Canadian Pacific and Kansas City Southern, shipper groups’ filings with the Surface Transportation Board say that the railroads’ proposed merger could harm competition in a number of ways, according to filings submitted to the Surface Transportation Board.

CP is seeking approval from federal regulators of its $31 billion merger with KCS. As the process plays out, shippers, other Class I railroads, local communities and other stakeholders are asking that CP meet certain...

https://www.freightwaves.com/news/shippers-cp-kcs-merger-could-reduce-competition-at-interchanges

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