Hedge fund Pershing Square Capital Management, led by activist investor William Ackman, said Thursday it has held “productive” discussions with Canadian Pacific Railway.
Subway or surface rail? Core city growth or regional approach? Political posturing aside, Canada's largest city is counting on passenger rail for its future health and growth.
If there is one thing I've learned in my 23 years in the railway supply industry, it's that we are an optimistic bunch. Deal us a series of hardships and we can always look ahead to better times because those better times have always come.
With all due respect to Denzel Washington and Chris Pine, the railroad stocks may be the things that are unstoppable and not just the exaggerated Hollywood freight train story.
Strong earnings spur railroads to build capacity and productivity.
If one word could define the thrust of railroad capital spending on improvements, it would be "growth"—growth in capacity, growth in productivity, growth in service levels, and, not least, growth in customer satisfaction.