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Leaked letters to STB indicate shipper concerns over CP+NS
Reuters, which originally broke the story late last year about Canadian Pacific’s targeting of Norfolk Southern for acquisition before CP officially announced it, has published excerpts of several letters to…
CP Holiday Train benefits nearly half a million
The 17th year of the Canadian Pacific Holiday Train program “saw tremendous crowds, generous donations and big smiles as it etched its way across Canada and the northern U.S.,” according…
Centrist approach may quiet STB debate
The critical takeaway from enactment in December of the Surface Transportation Board Reauthorization Act, S.808, is that, absent headline-capturing abuse of captive shippers by railroads, it is unlikely Congress will…
Jason Seidl: "A tepid macroeconomic climate"
Citing a “tepid macroeconomic climate that is impacting all freight transport providers, including truckers,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl is lowering…
Jason Seidl: Guess who came to dinner
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl reports on a recent dinner conversation with “a large private shipper” that focused on the proposed…
NS says "no" for the third time; CP "will review strategic alternatives"
Norfolk Southern on Dec. 23, 2015 rejected Canadian Pacific’s third and most recent proposal to acquire NS. CP on Dec. 16 offered $32.86 in cash, a fixed exchange ratio of…
BLET accepting applications for 2016 Hoffa scholarships
The James R. Hoffa Memorial Scholarship Fund is now accepting applications for scholarship awards, the Brotherhood of Locomotive Engineer and Trainmen (BLET) announced on Dec. 18, 2015. The deadline for…
Shades of Scrooge, Marley's Ghost and The Grinch?
Santa Claus doesn’t rest on Christmas Eve. Neither, apparently, does Canadian Pacific. Santa does rest on Christmas Day, but the Class I railroad whose headquarters is, of all its contemporaries…
Harrison to Durbin, et al: “There appear to be some misconceptions”
As Canadian Pacific continues to pursue a merger with Norfolk Southern, CP CEO Hunter Harrison sent a response to the members of the Illinois Congressional delegation (all Democrats) who sent…
Jason Seidl: CVR or not, it's still mostly about Hunter
According to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, “The addition of a contingent value right (CVR) is Canadian Pacific’s way of providing…
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