OMAHA, Neb. — A major fertilizer company says the limits Union Pacific is putting on rail traffic to clear up congestion will delay shipments that farmers need during the spring planting season.
Author: Josh Funk
Rail Unions Turn to Arbitration in Dispute Over BNSF Rules
OMAHA, Neb. — BNSF’s two largest unions will ask an arbitrator to throw out the railroad’s strict new attendance policy instead of appealing a court order preventing them from striking.
Canadian National Says Investor’s Shakeup Drive ‘Misguided’
OMAHA, Neb. — Canadian National has sharpened its criticism of the investor pressuring it to make changes to its operations and replace its CEO following its failed attempt to acquire the Kansas City Southern railroad.
Union Pacific CEO Sees Strong Economy Coming Out of Pandemic
Union Pacific CEO Lance Fritz is working to help clear up a major backlog in imported shipments.
KCS Delays Vote on $33.6 Billion Rail Takeover Bid
OMAHA, Neb. — Kansas City Southern decided Aug. 17 to delay a planned shareholder vote on Canadian National’s $33.6 billion offer to buy the railroad because regulators haven’t yet ruled on a key part of the acquisition plan.
Kansas City Southern Rejects New Bid From Canadian Pacific
OMAHA, Neb. — Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.
Rail Industry Defends Safety Record Amid Staffing Cuts
OMAHA, Neb. — Even as railroads are operating longer freight trains that sometimes stretch for miles, the companies have drastically reduced staffing levels, prompting unions to warn that moves meant to increase profits could endanger safety and even r…
Canadian National Increases Offer to Seal Deal for Kansas City Southern
OMAHA, Neb. — Canadian National sweetened its offer to buy Kansas City Southern railroad on May 13 and derailed rival Canadian Pacific’s bid for the railroad that handles traffic in the United States and Mexico.
Warren Buffett Says Supply Chain, Economy Will Recover From Coronavirus Woes
OMAHA, Neb. — Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business.
Economic Slowdown Drags Union Pacific Q3 Profit Down 2%
OMAHA, Neb. — The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year.