No. 4014 returns after making inaugural 2019 run Union Pacific announced Monday that Big Boy No. 4014, which stole America’s heart in 2019 with its gallant return, is thundering back for an encore.The venerable steam locomotive will depart Cheyenne, WY, Aug. 5 and travel through Arkansas, Colorado, Kansas, Illinois, Louisiana, Missouri, Nebraska, Oklahoma, Texas and Wyoming. This is the first tour since the locomotive was restored for 2019’s “Great Race” that celebrated the 150th anniversary of the Transcontinental Railroad’s completion. The multi-year restoration took place at Union Pacific’s steam shop in Cheyenne following a retirement that spanned six decades. “This summer, we are proud to announce that the Big Boy will be back to tour through 10 of the states and hundreds of the communities which Union Pacific serves,” UP Senior Vice President Scott Moore said. No. 4014 will be on display in Fort Worth (Aug. 14), Houston (Aug. 17),…
The battle to form North America’s first end-to-end rail network is heating up. Kansas City Southern rejected Canadian Pacific’s merger offer and accepted a more lucrative deal proposed by Canadian National. KCS’s Board of Directors announced last week that CN’s $33.6 billion offer, which came a few weeks after receiving an offer from CP to buy the nation’s smallest Class I railroad, constitutes a superior proposal. The board voted to terminate CP’s $29 billion proposal, which pitched forming a seamless Canada-U.S.-Mexico network, and accept a similar offer by CN. Under the terms of the CN merger agreement, upon closing each share of KCS common stock will be exchanged for $200 in cash and 1.129 shares of CN common stock. Closing will be subject to customary conditions, including KCS stockholder approval and approval by the Surface Transportation Board of CN’s proposed voting trust. As part of the deal, KCS will pay…
Atlas Model Railroad Co. announced this spring that it has acquired two product lines, including M.T.H. Electric Trains’ Premier O-Scale Locomotive and Rolling Stock lines. The company also bought N-scale vehicle tooling from River Point Station Fine Scale Models. Molds and tooling sold to Atlas include Premier diesel locomotives, freight cars and passenger cars. A number of O-scale RailKing accessories are part of the deal. Atlas also acquired a license for the MTH Proto-Sound 3 Sound & Control Electronics Boards, which enable control via DCS (Digital Command System). Part of the license will give Atlas the option to sell DCS components. Atlas will begin production with a run of the Madison 70-foot passenger cars. Road names will match those on the USRA 4-6-2 Pacifics. Coaches, RPO cars, baggage, dining, combine and observation cars will be produced (depending on road name). “M.T.H. has long been an outstanding manufacturer of model trains,…
Canadian National announced this week an offer to acquire Kansas City Southern in a cash-and-stock transaction valued at $33.7 billion, or $325 per share. The offer, submitted in a letter to KCS’s board of directors, follows a $29 billion offer from Canadian Pacific Railway in March to buy the nation’s smallest Class I railroad. Under the terms of the proposal, following closing into a voting trust, KCS shareholders will receive $200 in cash and 1.059 shares of CN common stock for each KCS common share. Based on the March 19, 2021, closing price of CN shares, CN’s proposal is valued at $325 per KCS share. The offer represents a 21% improvement over the current value of KCS’ agreement with CP, CN said in a release. In the proposal submitted to KCS’s board of directors, CN President and CEO JJ Ruest said combining the companies offers greater choice and efficiencies for…
Canadian Pacific Railway is acquiring Kansas City Southern for $29 billion (USD) in stock and cash, creating North America’s first rail network connecting Canada, the U.S. and Mexico, the companies announced Sunday. The new company will be called Canadian Pacific Kansas City (CPKC). While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company will be much larger and more competitive, operating approximately 20,000 miles of rail, employing close to 20,000 people and generating revenues of approximately $8.7 billion based on 2020 numbers. The deal values KCS shares at $275 each — 23 percent above Friday’s close — and is subject to approval of the U.S. Surface Transportation Board. CP will assume $3.8 billion in KCS outstanding debt, valuing the deal at $25 million. Boards from each company unanimously approved combining. Following the closing into a voting trust, KCS common shareholders will receive 0.489 of a…
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Big data is getting bigger in railroading when it comes to tracking freight cars. Advancements in telematics are putting freight movements on the map in an effort to improve visibility across the nation’s rail network. The technology aims to improve real-time tracking of freight cars to better compete with other transportation modes.
Jacksonville Terminal Co. is keeping alive the aura of three mystic model railroads with its latest container roll-out. JTC debuted its Visionary Series by featuring N-scale shipping containers named after iconic model railroads.
For more than 40 years, the Houston-based N’Crowd Model Railroad Society, Inc. has promoted model railroading, first as one of the earliest NTRAK clubs in Texas, and later with the Bayou City & Gulf Railroad, a permanent layout in a prominent Houston hobby store.
The National O Scale Convention in June is the first large-scale event to be held in person post-pandemic, and organizers aren’t holding back. …
The National Limited was the Baltimore & Ohio’s featured passenger train, running between St. Louis and New York via Washington, D.C. …
Wall Street and much of the railroad industry, including short lines, are embracing the proposed Canadian Pacific-Kansas City Southern merger, which is expected to create one massive North American rail network. …
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The date for the Texas Railroad Prototype Modelers Meet is incorrect in the May/June issue. The meet takes place June 26, 2021, at the Forest Hill Civic Center in Forest Hill, TX. Visit www.redriverrpm.org for more details.
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