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CP turnaround: How soon, how strong?
Now that Canadian Pacific Railway is under new management, how soon can shareholders expect to reap the rewards promised hedge fund investor William Ackman during a long proxy fight?
Wall Street rewards CP stock
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.
U.S. carload traffic still down; intermodal still up
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…
Operation Lifesaver warns photographers on safety
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.
Pact eases way for Charlotte LYNX extension
Charlotte's LYNX Blue Line Extension (BLE) light rail project along the North Carolina Railroad corridor moved a big step forward Wednesday with the announcement that the North Carolina Railroad Co. (NCRR), the…
CP’s Green, five directors step down from Board
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…
CP in the time of E. Hunter Harrison
As this is written, much of the railroad world awaits the Thursday, May 17, vote by Canadian Pacific share owners. Early book betting says that insurgent hedge fund Pershing Square…
Smith, in battered racecar, posts best finish to date
Following the finish of the May 12 Bojangles Southern 500 at Darlington Raceway, Regan Smith’s no. 78 Furniture Row Racing/CSX Play It Safe Chevrolet looked like it had been sideswiped…
NS creates "Protect the Line" security program
Norfolk Southern is inviting "everyone with a stake in rail operations—communities, businesses, and informed observers such as rail fans"—to join its new online security program, "Protect the Line."
Amtrak restores Chicago-Michigan speeds
Amtrak said Friday schedules for its Wolverine Service and Blue Water passengers had been restored to normal, following extensive and expeditious trackwork along much of the route by landlord Norfolk…
PTC ruling will save "hundreds of millions"
Transportation Secretary Ray LaHood announced Thursday major changes to regulations governing the installation of positive train control.
Moorman “optimistic” on traffic prospects
Norfolk Southern CEO Wick Moorman told stockholders at the company's 30th annual meeting in Williamsburg, Va., Thursday that he is “confident, optimistic, and enthusiastic about our future business prospects.”
U.S. freight trends continue, both up and down
In line with much of 2012, U.S. freight carload traffic for the week ending May 5, 2012 failed to keep pace with 2011 levels, down 2% measured against the comparable…
Hammond Awards honor UP, South Buffalo Railway employees
In conjunction with bestowing the Harriman Awards for corporate rail safety on Tuesday in Washington, D.C., industry leaders also took time to honor individual employees notching significant safety achievements, who…
Schneider National extends BNSF Railway pact
Green Bay, Wis.-based Schneider National, Inc., on Wednesday said it has signed a new, multiyear agreement with BNSF, under which the Class I railroad will continue to serve as one…
Harriman Awards bestowed for railroad safety
Railroads with the industry's best safety performance records Tuesday were honored at the annual E.H. Harriman Awards ceremony in Washington, D.C., with the event also marking the industry's nearly 100…
STB OKs Michigan DOT rail line buy
The Surface Transportation Board Tuesday officially cleared the way for Michigan's Department of Transportation to acquire two sections of rail right-of-way from Norfolk Southern Corp., totaling about 135 miles, for…
Domestic containers drive 1Q intermodal gains
Whatever woes coal volumes are posing for North American railroads in 2012, domestic intermodal container traffic seems determined to offset them, at least in part. First-quarter domestic container volume moving…
Fitch cites railroad challenges—and strengths
Fitch Ratings says it views "weak year-to-date rail volume trends as a reflection of fundamental shifts in demand patterns for key industrial commodities as domestic production of unconventional oil and gas resources continues…
BNSF 1Q earnings rise despite “traumatized” coal markets
Berkshire Hathaway reported at its annual meeting that first-quarter earnings included $701 million from BNSF Railway compared with $607 million in the year-earlier quarter, as rising shipments of manufactured foods made…
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