Tag Archives: rail

The Port of Los Angeles stands poised for significant growth and transformational change following news of Union Pacific’s plans to acquire Norfolk Southern (NYSE: NSC) and create the nation’s first transcontinental freight railroad. In a phone interview with FreightWaves, Executive Director Gene Seroka emphasized the vast opportunities presented by the historic rail agreement, particularly in terms of enhancing cargo flow …

Union Pacific talks advance, regulator readies for historic rail merger review  Reuters The Odds of a Berkshire Hathaway Bid for CSX Are Rising. How Buffett Might Try to Pull It Off.  Barron’s The rail mega-merger that could transform American supply chains  The Economist Union Pacific in Talks to Merge With Norfolk Southern  The New York Times Union Pacific in mega US railroad merger talks …

BNSF hires Goldman, CSX seeks bankers as Union Pacific sparks rail M&A race, sources say  Reuters Warren Buffett knocks down reports that Berkshire’s BNSF taps Goldman for a railroad takeover  CNBC Buy these stocks as railroad-merger talk heats up, analyst says  MarketWatch Union Pacific, Norfolk Southern discuss merger to create transcontinental railroad, AP source says  AP News Report: Goldman Sachs advising BNSF on potential …

SACRAMENTO, Calif. (AP) — The Trump administration revoked federal funding for California’s high-speed rail project on Wednesday, intensifying uncertainty about how the state will make good on its long-delayed promise of building a bullet train to shuttle riders between San Francisco and Los Angeles. The U.S. Transportation Department announced it was pulling back $4 billion in funding for the project, …

Potential Rail Merger Could Prompt Berkshire Hathaway to Bid for CSX  Barron’s Exclusive | Railroad Operator Union Pacific Exploring Deal for Norfolk Southern  The Wall Street Journal CSX, Norfolk Southern Stocks Gain on Report Union Pacific is Looking for a Deal  Investopedia Union Pacific Considering a Norfolk Southern Buyout: Report.  Barron’s Exclusive / Union Pacific has hired bankers for a possible railroad bid  Semafor Source …

A rendering shows a high-speed rail train as it enters a station during an informational open house by the California High-Speed Rail Authority at the Hilton DoubleTree in downtown Fresno, California, on Wednesday, May 1, 2024. Craig Kohlruss | Fresno Bee | Tribune News Service | Getty Images Transportation Secretary Sean Duffy has formally terminated $4 billion in federal funding …

Trump revokes $4 billion from California high-speed rail project  The Washington Post Trump administration pulls $4 billion from California high-speed rail project  CNBC Trump rescinds $4 billion in US funding for California High-Speed Rail project  Reuters Governor Newsom responds to Trump’s latest gift to China: Defunding America’s only high-speed rail  Governor of California (.gov) Trump pulls $4 billion in funding for California bullet train …

Trump rescinds $4 billion in US funding for California High-Speed Rail project  Reuters Trump rescinds $4bn in US funding for California high-speed rail project  The Guardian Governor Newsom responds to Trump’s latest gift to China: Defunding America’s only high-speed rail  Governor of California (.gov) Trump administration pulls billions in funding for high-speed rail project; state leaders call decision ‘illegal’  Los Angeles Times Trump pulls …

The Trump administration has canceled billions of dollars in funding for California’s high-speed rail project after the state agency rejected the federal government’s assessment of the project’s failings. The Federal Railroad Administration pulled $4 billion in funding on Wednesday that was intended for construction in the Central Valley, according to a letter that acting FRA Administrator Drew Feeley sent to …

Donald Trump said on Wednesday the transportation department is rescinding $4bn in US government funding for California’s high-speed rail project. The department said there was no viable path forward for California’s high-speed rail project and it was considering potentially clawing back additional funding related to the project. The Federal Railroad Administration issued a 315-page report last month citing missed deadlines, …