Popular Great Lakes ships, including Arthur Anderson, up for sale
The Canadian owner of the Great Lakes Fleet of nine ore carriers is looking to sell – if a profitable deal can be made, the Duluth News Tribune reports. The Great Lakes Fleet of freighters features nine ore carriers, including the famous Arthur Anderson that was the last vessel to contact the Edmund Fitzgerald before it sank in Lake Superior in 1975. There are also three 1,000-footers: Edgar B. Speer, Edwin H. Gott and Presque Isle. Other vessels in the fleet are the John G. Munson, Cason J. Callaway, Philip R. Clarke, Great Republic and Roger Blough. The freighters contribute to earnings but dilute operations, she said.
mlive.comKC Southern takes buyout from Canadian National Railway
Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks. The decision Friday comes one day after Canadian Pacific said that it wasn't budging from its initial $25 billion buyout agreement made in March, even after Kansas City Southern said that a richer $33.6 billion bid from Canadian National appeared to be superior. Canadian Pacific has consistently argued that a tie-up between Kansas City and Canadian National would have trouble getting approved by antitrust regulators and as recently as Thursday, said that it would not boost its original offer.
news.yahoo.comTrain hauling hazardous materials derails in Southwest Detroit
click to enlarge Alex SantoriPhoto of a derailed train in Southwest Detroit taken from the offices of the Ideal Group. A train carrying hazardous materials derailed in Southwest Detroit on Thursday morning, but officials say theres no risk to the public.About 15 of the 151 train cars derailed at 9:45 a.m. just south of Michigan Avenue, with one leaning over a bridge above Scotten Avenue near Clark.Emergency officials searched the derailed train cars and found no hazardous materials.Theres no danger to the public, Deputy Fire Commissioner Dave Fornell tells. The tank cars that derailed were empty.Those containing hazardous materials have not derailed, officials said.The Canadian National Railway said its investigating what caused its cars to derail.CN crews are responding to an incident involving a CN train that occurred this morning in South-West Detroit, the company said in a news release. On Twitter, Amtrak said it will be transferring passengers on buses.Health scares are nothing new in Southwest Detroit. On Thanksgiving Eve, a riverbank containing hazardous materials collapsed into the Detroit River.
metrotimes.com