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Ackman to sell partial stake in CP
Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.
U.S., North American traffic rises, AAR says
North America’s largest railroads saw gains in both freight carload traffic and intermodal volume during the week ending Oct. 19, 2013, the Association of American Railroads reported Thursday, Oct. 24.
NS sports solid 3Q earnings
Norfolk Southern Wednesday, Oct. 23, 2013 reported third-quarter net income of 482 million, up 20% from the $402 million reported in the third quarter of 2012. Diluted earnings per share were…
Record 3Q earnings for CP
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's…
CN 3Q earnings up on record revenue
CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per…
Amtrak’s Boardman: “In the final estimate, we are one industry”
Amtrak President and CEO Joe Boardman’s keynote address at Railway Age’s 20th Annual Passenger Trains on Freight Railroads Conference, October 15, 2013.
No injuries in CN Alberta train derailment
Thirteen cars on a CN train moving oil and propane through Alberta have derailed, with one car exploding and others nearby catching fire last Saturday, with a "controlled burn" still…
Record 3Q revenue for KCS
Kansas City Southern Friday, Oct. 18, 2013 reported third-quarter net income of $119 million, or $1.07 per diluted share, up from $91 million, or 82 cents per diluted share, in…
U.S. freight traffic gains in latest week
Both U.S. freight carload traffic and U.S. intermodal volume gained ground during the week ending Oct. 12, 2013, measured against the comparable week in 2012, the Association of American Railroads…
UP 3Q earnings soar to record
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter…
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