Transportation: Page 458

Rail & Intermodal

Sen. Joe Manchin Calls For Senate Hearing On Canadian Pacific Railway/Norfolk Southern Merger

Canadian Pacific Kansas City (CPKC)

Manchin, a member of the Senate Commerce, Science and Transportation Committee, said the proposed merger "is an attempt by a Wall Street titan to purchase and dismantle an American rail company that has provided jobs for hundreds of West Virginians.”

Sen. Joe Manchin, D-W.Va., is calling for a Senate hearing on a proposed merger between Canadian Pacific Railway and Norfolk Southern, which he has dubbed a 'Wall Street takeover' of a prominent U.S. freight company.

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Rail & Intermodal

Norfolk Southern Corp. To Cut Rail Lines, Jobs

Norfolk Southern Corp.

Norfolk Southern’s strategic five-year restructuring plan is designed to reassure and bolster support among shareholders in the face of a possible proxy fight with Canadian Pacific.

Norfolk Southern Corp. on Wednesday unveiled a five-year restructuring plan that will eliminate 1,200 jobs in 2016, idle track, close and combine operations and pare back both capital spending and stock buybacks in an effort clearly aimed at fending off another hostile takeover attempt by Canadian Pacific Railway Ltd.

FMCSA To Post Recorded ELD/HOS Webinars

Federal Motor Carrier Safety Administration (FMCSA)

The webinars are designed to give industry participants an overview of the rule and implementation plan, and explain how the first phase of its implementation will impact enforcement.

Why Amazon’s Move Into Hauling Doesn’t Concern Some Carriers

On Tuesday, two of the largest U.S. trucking companies brushed off the potential threat from the e-commerce giant saying there was plenty of freight to go around.

Rico Acquires Majority Holding In Circle Express

Circle Express has a countrywide fleet of 300 vehicles operating out of eight aviation security listed depots near the airports at Heathrow, Aberdeen, Birmingham, Exeter, Glasgow, Leeds, Manchester and a cross dock facility in Milton Park, Abingdon.

Circle Express is one of the largest independent networks offering a collection and delivery service specifically targeted at the U.K. air freight forwarding industry and is the preferred U.K. freight distribution carrier for many international freight forwarders.

Ocean Ports & Carriers

Expanded Panama Canal Likely To Open In June

Panama Canal Authority (PCA)

Panama Canal Authority Administrator Jorge L. Quijano told the AJOT at an American Association of Port Authorities conference in Tampa "early May or late May, we should be functional, and maybe June for the inauguration."

This is an artist's impression of the Panama Canal Expansion on completion.

Virginia Supermarkets Still Await Deliveries Following Snowstorm

Shelves normally stocked with milk, eggs and bread were empty on Monday at Safeway and Target stores in Rosslyn, Va.

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Kerry Logistics To Acquire U.S. Freight Forwarder

The Hong Kong-based company, which specializes international freight forwarding and supply chain services in China and Southeast Asia, said in a conference call that it will acquire a 51 percent stake of an unnamed American company.

Food Industry Faces Daunting Logistics Challenge Committing To Cage-Free Chickens

That process could take anywhere from 15 to 20 years plus the amount of time it takes to build the new system, which will add a few million dollars.

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Risk/Compliance

Record Storm Snags Services And Deliveries

Freight movers in the mid-Atlantic and Northeast said the effects of the storm would be mitigated by the fact that the worst snow is expected over the weekend, when many operations are already scaled down.

Transportation operators across the densely packed mid-Atlantic and Northeast regions scaled down operations to brace for the storm. Several airlines canceled passenger flights out of Washington, D.C., and New York airports and the Amtrak passenger rail network said it had “canceled or truncated” services on lines stretching from New Orleans to Chicago and New York.

FMCSA: 34-Hour Restart Contingent On Suspending HOS Rules

Federal Motor Carrier Safety Administration (FMCSA)

Reimplementation of the rules, suspended by Congress in late 2014, is contingent on the recently completed study's review by the DOT, the Office of the Inspector General and Congress itself.

Teamsters Oppose Canadian Pacific/Norfolk Southern Merger

Canadian Pacific Kansas City (CPKC)

The Teamsters Rail Conference stated its opposition to the forced takeover attempt in a letter from Rail Conference President Dennis R. Pierce to the Surface Transportation Board (STB) dated January 18, 2016.

The Teamsters Rail Conference represents more than 70,000 active railroad workers whose constituent unions are the Brotherhood of Locomotive Engineers and Trainmen (BLET) and the Brotherhood of Maintenance of Way Employes Division (BMWED).

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