Management

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CP: Ackman cashes out Pershing Square Capital Management L.P. principal Bill Ackman has sold all his shares in Canadian Pacific, walking away with a cool $1.5 billion.

california-pushes-forward-sustainable-freight-action-plan
Evolving from an Executive Order issued last year by Governor Edmund G. Brown Jr., and a draft version issued in May 2016, California has now released its Sustainable Freight Action Plan, a blueprint for moving the state’s multi-billion-dollar freight transport...
ctas-ventra-app-wins-apta-innovation-award
Cubic Transportation Systems (CTS), a business unit of Cubic Corporation, announced on August 18 that its customer Chicago Transit Authority (CTA) received the 2016 Innovation Award for the Ventra Mobile App from the American Public Transportation Association (APTA). The product’s success...
california-caps-and-trades-4-million-for-rail
As California's Cap and Trade program of greenhouse gas emissions advances, rail projects receive development grants: On August 16, the California State Transportation Agency (CalSTA) announced 14 recipients for the 2016 Transit and Intercity Capital Program (TIRCP) grants. Of the...
union-pacific-announces-marketing--sales-leadership-appointments
Union Pacific announced multiple Marketing & Sales leadership appointments, effective Sept. 1: John Kaiser has been named vice president of Strategic Planning in Union Pacific’s executive department. He has been vice president and general manager – Intermodal since 2003. Kaiser joined...
mexico-city-orders-caf-rubber-tyred-metro-trains
Mexico City’s Collective Transport System (STC) has awarded a €164 million contract to CAF Mexico for 10 nine-car rubber-tired metro trains for Line 1. After what STC describes as a very close race with Bombardier and after more than 30 rounds...

union-pacific-announces-marketing--sales-leadership-appointments
Union Pacific announced multiple Marketing & Sales leadership appointments, effective Sept. 1: John Kaiser has been named vice president of Strategic Planning in Union Pacific’s executive department. He has been vice president and general manager – Intermodal since 2003. Kaiser joined...
mexico-city-orders-caf-rubber-tyred-metro-trains
Mexico City’s Collective Transport System (STC) has awarded a €164 million contract to CAF Mexico for 10 nine-car rubber-tired metro trains for Line 1. After what STC describes as a very close race with Bombardier and after more than 30 rounds...
aar-doubles-down-on-fra-crew-size-proposal
In comments submitted August 16 in response to a July 15th public hearing, the Association of American Railroads (AAR) again urged the Federal Railroad Administration (FRA) to withdraw its proposed rule mandating two-person crews on railroads. The AAR also called...
gwi-moves-to-acquire-pw
Add regional Providence & Worcester Railroad Co. (P&W) to Genesee & Wyoming Inc.’s growing stable of Class II and III carriers. GWI announced Aug. 15, 2016 that it plans to acquire the P&W for $126 million at $25.00 per share. The...
ptsi-crsa-offer-physical-characteristics-training-conference
PTSI Transportation and the Chicago Railroad Superintendents Association are jointly offering the Railroad and Rail Transit Physical Characteristics Training and Testing: Are We Where We Need to Be? conference in Chicago on Tuesday, Oct. 11, 2016. According to PTSI Transportation Managing...