Regulatory
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CN, CPKC: Ready for 2025-26 Grain Service
CN and Canadian Pacific Kansas City (CPKC) have published their respective grain plans required by the government of Canada to assess how much product they expect to move during the…
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Railway Age: August 2025 Digital Edition On Line
The August 2025 issue of Railway Age is now available digitally, with deep dives into Union Pacific’s much-anticipated bid for Norfolk Southern to create the first U.S. transcontinental railroad.
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ASLRRA, AAR Respond to Proposed Reg Change for Commercial Vehicles at Crossings
The Association of American Railroads (AAR) and the American Short Line and Regional Railroad Association (ASLRRA) on July 29 told the Federal Motor Carrier Safety Administration (FMCSA) they oppose its…
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STB Receives Notice of Intent for Proposed UP-NS Merger
The Surface Transportation Board (STB) on July 30 confirmed that it has received a notice of intent regarding a proposed merger that would result in the combination of Union Pacific…
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CPKC 2Q25: ‘Strong Growth, 2H25 Momentum’; UP+NS Perspective
Canadian Pacific Kansas City’s “exceptional team of railroaders again delivered strong operating and financial results in the second quarter as we realize more of the value created by this unrivalled…
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A Wolfe at STB’s Door. Will He Make Entry?
If you think federal regulatory agencies—even federally owned Amtrak—have strayed from what former Southern Railway and Conrail CEO L. Stanley Crane termed, “stick to your knitting,” you’re not ridin’ the…
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Transit Briefs: DART, Valley Metro, PANYNJ/PATH
Dallas Area Rapid Transit (DART) partners with the Federal Railroad Administration (FRA) to establish quiet zones along the Silver Line. Also, Valley Metro unveils an enhanced commuter ride matching tool;…
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Vena’s Art of the Deal With NS
Union Pacific’s (UP) much-anticipated bid for Norfolk Southern (NS) was announced July 29. Both now embark on a lengthy review process, but we see the potential approval pathway justified due…
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UP+NS: An ‘Absolute Monster of a Railroad’
Since a Union Pacific/Norfolk Southern merger is now in process, I wanted to share data giving a sense of the absolute monster of a railroad UP+NS would represent. To do…
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UP + NS: What Comes Next?
Following weeks of “perhapses,” “maybes,” and a “conceivably” or two—self-serving bait for valuable feedback—railroads Union Pacific (UP) and Norfolk Southern (NS) have officially announced merger plans. BNSF and CSX have…
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Union Pacific + Norfolk Southern: It’s Official
The speculation is over: Union Pacific and Norfolk Southern at 7:00 AM EDT announced their agreement to, in a combined cash and stock transaction valued at more than $250 billion,…
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Senate Committee on Appropriations Advances FY26 THUD Bill
The Senate Committee on Appropriations on July 24 marked up S.2465, the Transportation, Housing and Urban Development Related Agencies Appropriations Act, 2026 (THUD Appropriations Act). The bipartisan legislation was reported…
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People News: AITX, GDC, Quandel Consultants
Railcar lessor American Industrial Transport, Inc. (AITX) elevates Erica Ray to Senior Vice President, Leasing–East. Also, Gateway Development Commission (GDC) appoints James Starace as Chief of Program Delivery, and Hamed…
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The Race to Fold; CPKC Improves
Question: Where’s the belief in growth? Our State of the Rails chart (bottom) is starting to look good, and we show a truncated version. We now have half the industry,…
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Shippers Appeal Rail Price-Fixing Win
Big Four railroads BNSF, CSX, Norfolk Southern (NS) and Union Pacific have been awarded summary judgment by the United States District Court for the District of Columbia—the court rejecting shipper…
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UP 2Q25: ‘Delivering on Our Strategy’; Confirms ‘Advanced’ NS Merger Talks (Updated With TD Cowen Analysis)
In reporting second-quarter 2025 financial results that showed improvements in revenue, net income, volume and operating ratio, Union Pacific confirmed what has been widely speculated for the past few weeks:…
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Transit Briefs: KC Streetcar, LACMTA, MBTA
The Kansas City (KC) Streetcar’s 3.5-mile Main Street Southern Extension will launch this fall. Also, Section 1 of Los Angeles County Metropolitan Transportation Authority’s (LACMTA) D Line Subway Extension Project…
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FRA Regulatory Roundup
The Federal Railroad Administration (FRA) has withdrawn the direct final rule concerning accident/incident investigations and published guidance on agency-funded railroad capital projects, according to the American Short Line and Regional…
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TXNW Wraps Up Texas Interchange Improvement Project
Texas North Western Railway Company (TXNW), a subsidiary of TNW Corporation of Dallas, has completed an $8.2 million project to rebuild, reconfigure, and extend its rail interchange with BNSF in…
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A Three-Tiered Approach to Emissions Reductions—Starting from the Bottom
Five years after World War II ended, it became apparent to the railroads that steam locomotives were not the motive power of the choice. While a half dozen locomotive builders…



















