While shippers cite merger concerns, rival railroad looks instead to ‘collaborations’

Canadian National this week was the only Class I railroad to publicly comment on the $85-billion acquisition agreement between Union Pacific and Norfolk Southern, a corporate marriage that if approved would create the first U.S. transcontinental freight railroad.

“CN is closely monitoring the ongoing discussions about possible transcontinental rail mergers,” the Montreal-based company (NYSE: CNI) said in a statement to FreightWaves. “Our focus remains on delivering consistent performance for our customers, pursuing strategic growth opportunities, and creating long-term value for our shareholders.

“CN believes this can be achieved through greater collaboration between railways, connecting key markets with critical resources,” as opposed to mergers.

While shippers cite merger concerns, rival railroad looks instead to ‘collaborations’ – FreightWaves

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ATA Truck Tonnage Index Contracted 1.9% in November

“The frustratingly choppy freight environment continued in November,” said ATA Chief Economist Bob Costello. “Since hitting a low in January of this year, tonnage is up a total of 1.1%, but the path has been fraught with nice gains one month only to come back down the next. The good news is that the overall trend this year is up, albeit at a slow rate.” In November, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 112.5 compared with 114.6 in October. The index, which is based on 2015 as 100, was down 1% from the same month last year. The not seasonally adjusted index, which calculates raw changes in tonnage hauled, equaled 109.6 in November, 9.6% below October. The seasonally adjusted decrease follows a sequential 1.2% gain in October, which was unchanged from the November 19 press release.

Key Currency Exchange Rates for Friday, 11/11/22

American Dollar to Canadian Dollar = 0.752606; American Dollar to Chinese Yuan = 0.140689; American Dollar to Euro = 1.031083; American Dollar to Japanese Yen = 0.007168; American Dollar to Mexican Peso = 0.051484.

Key Currency Exchange Rates for Friday, 3/21/25

American Dollar to Canadian Dollar = 0.697509; American Dollar to Chinese Yuan = 0.137981; American Dollar to Euro = 1.083983; American Dollar to Japanese Yen = 0.006712; American Dollar to Mexican Peso = 0.049494.
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