Investors on Wall Street, watching events at Canadian Pacific carefully throughout the week, continued to reward the company Thursday for its apparent—and now affirmed—shakeup of CP's Board of Directors.
The trends, both good and bad, continue for U.S. freight traffic ending the week of May 12, 2012, the Association of American Railroads reported Thursday. U.S. freight carload traffic fell 5.2% from levels recorded in the same week one year ago, while U.S. intermodal volume notched another weekly gain, up 3.1%, compared with the same week in 2011.
Operation Lifesaver Thursday cautioned professional photographers to be aware of the risks of taking photos of high school seniors and wedding parties on train tracks or trestles.
In a sweeping move, Canadian Pacific early Thursday announced not only the departure of President and CEO Fred Green—a move widely expected—but also the declaration of six existing directors not to stand for re-election. Green's departure was effective "immediately"; he also will not stand for re-election as a director.
Parsons Brinckerhoff said Wednesday it has been awarded two significant contracts covering design of both high speed and 'conventional' railway systems for Britain's second high speed rail line, linking Birmingham and London's Euston Station.
On June 23, GO Transit will begin running a summer weekend GO Train service pilot along its Barrie line, which runs north from Toronto toward Lake Simcoe. This service pilot will operate on Saturdays, Sundays, and holidays between June 23 and September 3, GO Transit says.
HBO’s original series on American obesity, “The Weight of a Nation,” lacks transportation heft.
The Surface Transportation Board on May 14 approved a request by Iowa Pacific Holdings to reopen a rail route deep in Adirondack State Park, N.Y., dismissing protests from an environmental group seeking to block reactivation.
The American Public Transportation Association (APTA) and Building America’s Future (BAF) Tuesday released a study predicting that record numbers of Americans will turn to public transportation as a cost-cutting measure in the face of volatile gas prices.
TÜV Rheinland said Monday it is celebrating 140 years of delivering premier independent certification, testing, and assessment services to businesses around the world.