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NS: New strategic plan follows a challenging year
Though Norfolk Southern’s fourth-quarter and 2015 financial results aren’t all that different from those of most other Class I railroads, NS has been particularly compelled to develop an aggressive strategic…
For CN, strong, solid financials in a tough year
Despite decreases in carloadings and revenue ton-miles, CN on Jan. 26, 2015 posted solid financials for fourth-quarter and full-year 2015. Significant in its results are record free cash flow and…
BNSF 2016 capex: $4.3 billion
BNSF Railway Company (BNSF) on Jan. 26, 2016 announced a $4.3 billion 2016 capital expenditure plan that “will focus on helping to ensure the company continues to operate a safe…
MARS elects 2016 officers
The Midwest Association of Rail Shippers (MARS) elected its 2016 slate of officers at the annual winter meeting earlier in January.
CN's Mongeau back at the throttle
CN President and CEO Claude Mongeau has returned to work after fully recovering from a surgical procedure and will lead the company’s Jan. 26, 2015 earnings call to discuss fourth-quarter…
Jason Seidl: CP "still a good play for patient investors"
Canadian Pacific’s fourth-quarter and full-year 2015 financial results were slightly below analyst expectations yet “still solid given the macro challenges,” according to Cowen and Company Managing Director and Railway Age…
CP falls short of analyst expectations
Amid a North-American-wide slump in traffic volume, falling prices for railroad-transported commodities like coal and oil, and an economy that appears to be increasingly unstable, Canadian Pacific, the second publicly…
CP: Proposed merger would "alleviate" Chicago congestion
Following a letter submitted to the U.S. Department of Justice in which Canadian Pacific accused several Class I railroads of joining forces to put a stop to its pursuit of…
CP-NS: Government advocacy is protected speech
News item: Canadian Pacific (CP) is pursuing a hostile takeover of Norfolk Southern (NS). CP is asking the U.S. Justice Department to investigate whether NS and other U.S.-based major railroads—some…
CP cries "antitrust!" to USDOJ
In the latest twist in the ongoing saga of Canadian Pacific’s increasingly hostile pursuit of a steadfast Norfolk Southern as a takeover target, CP is accusing several unnamed Class I…
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