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In his proxy fight for control of Canadian Pacific, Pershing Square Capital Management hedge fund chief Bill Ackerman contends that the railroad's management has failed to seize opportunities to improve its performance.

MTA Metro-North Railroad said Friday its systemwide on-time performance was 98.8% during the first quarter of 2012, claiming it was "the best quarter in Metro-North's history."

The Surface Transportation Board says Michigan's Department of Transportation has filed an Acquisition Exemption, requesting permission for MichDOT to acquire two sections of NS rights-of-way totaling about 135 miles.

Michigan's Department of Transportation, Norfolk Southern Corp., and Amtrak reportedly have reached agreement on work designed to remove or reduce slow orders NS imposed last month on right-of-way between Kalamazoo, and Dearborn, Mich., the latter city just west of Detroit.

Greenwich, Conn.-based Genesee & Wyoming, Inc. said Friday its March 2012 traffic volume fell 13.6% compared with the same month a year ago. As well, GWI's first-quarter traffic volume declined, though less dramatically, by 9.2% measured against the comparable quarter in 2011.

A King County, Wash., judge has dismissed a suit filed by six bicyclists who said the city of Seattle was negligent in the way it installed tracks for the South Lake Union Streetcar (SLUS), the city's first modern streetcar line.

Bombardier Transportation Friday inaugurated a new monorail vehicle manufacturing facility in Hortolândia-São Paulo, Brazil.

Wabtec Corporation said April 12 that it expects first-quarter 2012 earnings per diluted share to be about $1.20, and has increased its 2012 full-year EPS guidance to about $4.80, based on anticipated revenue growth of about 12%. Previously, the company’s full-year guidance was for EPS of about ...
The Association of American Railroads today reported that rail carload traffic for the week ending April 7, 2012, fell 7.7% compared to the prior-year week, with U.S. railroads originating 270,974 carloads. Intermodal volume for the week totaled 231,153 trailers and containers, up 1.1% compared w ...

Union Pacific has named 74 companies as annual Pinnacle Award recipients for chemical transportation safety.

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