Rail News Home Kansas City Southern 6/21/2021 Rail News: Kansas City Southern
Canadian Pacific today announced that more than 80 additional stakeholders have filed statements with the Surface Transportation Board (STB) expressing concerns about CN and Kansas City Southern's combination, its use of a voting trust or both.The latest statements bring the total opposed to more than 330, CP officials said in a press release. Together, more than 1,050 letters have been filed in support of CP's proposed combination with KCS or in opposition to the CN proposal.The letters highlight the extensive risks the proposed CN-KCS voting trust poses to competition by reducing shipper options, CP officials said. Stakeholders also expressed strong concerns about the likelihood of reduced service quality and infrastructure investments as a result of the proposed merger.Meanwhile, last week CN and KCS announced that an additional 100 letters in favor of their proposed combination were filed with the STB, bringing the total number of support letters that CN and KCS have received to greater than 1,500. Of the 100 or so filed last week, 90 of the letters support CN's and KCS's request that the STB approve their proposed voting-trust agreement.
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Rail News Home Union Pacific Railroad 6/18/2021 Rail News: Union Pacific Railroad
Union Pacific Railroad yesterday announced new diversity, equity and inclusion (DEI) giving goals, as well as a summer tour that features a new commemorative locomotive dedicated to diversity.UP believes DEI principles are critical to its success. As a result, UP officials are asking every program or organization that it supports financially through its Community Ties Giving Program to demonstrate a commitment to DEI principles by 2023, company officials said in a press release.The company views its goal of reaching 100% of DEI-aligned grants as a multiyear effort.Meanwhile, UP's new "We are One" tour will begin tomorrow, Juneteenth Day, which commemorates the end of slavery in the United States.The brightly colored locomotive will start its 2021 journey in Houston, Texas. UP No. 1979 is only Union Pacific's 18th commemorative locomotive. It honors the company's nine employee resource groups (ERGs) and the work they do to support DEI. The unit commemorates the year UP's first ERG ‚ the Black Employee Network, was established in 1979.
Union Pacific Railroad yesterday announced new diversity, equity and inclusion (DEI) giving goals, as well as a summer tour that features a new commemorative locomotive dedicated to diversity.UP believes DEI principles are critical to its success. As a result, UP officials are asking every program or organization that it supports financially through its Community Ties Giving Program to demonstrate a commitment to DEI principles by 2023, company officials said in a press release.The company views its goal of reaching 100% of DEI-aligned grants as a multiyear effort.Meanwhile, UP's new "We are One" tour will begin tomorrow, Juneteenth Day, which commemorates the end of slavery in the United States.The brightly colored locomotive will start its 2021 journey in Houston, Texas. UP No. 1979 is only Union Pacific's 18th commemorative locomotive. It honors the company's nine employee resource groups (ERGs) and the work they do to support DEI. The unit commemorates the year UP's first ERG ‚ the Black Employee Network, was established in 1979.