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IATA: Airline companies could turn into ghosts

New forecasts from the International Air Transport Association (IATA) are painting a bleak picture for airline recovery. According to the IATA's recent updated analysis, which profiled damage wrought by the COVID-19 crisis on the global airline industry, airline passenger...

source: By Lark Gould
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Freight trains may soon travel more easily between Canada, the US, and Mexico after Canadian Pacific Railway finalized a deal to buy Kansas City Southern, positioning itself to become the first rail network connecting the three countries. The...

source: Quartz

The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending September 11, 2021. For this week, total U.S. weekly rail traffic was 468,610 carloads and intermodal units, down 1.3 percent compared with the same week last year. Total carloads...

source: AAR.org

Activist investor TCI Fund Management Ltd. has stepped up its push for boardroom changes at Canadian National Railway Co. after the company's efforts to take over Kansas City Southern (KCS) hit a wall. British-based TCI said Monday it intends to ask for a special meeting...

source: Inside Logistics

Canadian Pacific Railway Limited announced on Sunday that it has completed negotiations of its proposed merger agreement with Kansas City Southern (KCS), and the KCS Board of Directors has deemed CP's proposal a "Company Superior Proposal." KCS has also notified CN that...

source: Inside Logistics

A container shipping line announcement that it would blank four sailings in the Golden Week period has left shippers, still struggling to get cargo out of Asia, "staggered" at the move. The 2M is the first alliance to announce blank sailings...

source: The Loadstar

TCI Fund Management Ltd., one of CN's largest shareholders, has formally started a proxy fight to replace the Class I's chief executive officer and some board members over the failed attempt to acquire Kansas City Southern. TCI, which owns a 5% state in CN and opposed the...

source: Progressive Railroading

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