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CP’s Harrison: A “mid-60s” operating ratio by 2016
At an investor conference in New York on Tuesday, Dec. 4, Canadian Pacific’s recently installed President and CEO E. Hunter Harrison outlined his plan for taking the railroad out of…
CP scraps PRB buildout, will take 4Q write-down
When Canadian Pacific acquired the Dakota Minnesota & Eastern railroad in 2007, it also acquired the option to build a 260-mile extension of DM&E’s network into Powder River Basin coal…
Siemens to acquire Invensys Rail
Invensys announced late Wednesday it will sell Invensys Rail to Siemens AG for $2.8 billion.
Judge rejects latest quest to halt St. Paul LRT
Construction of St. Paul, Minn.'s Central Corridor light rail line can continue, a federal judge has ruled, turning aside protests from the St. Paul NAACP and the city's Rondo neighborhood.
Kansas City streetcar RFP draws interest
Efforts to establish a streetcar in Kansas City, Mo., has drawn interest from two companies, both of which filed expressed interest prior to the city's Nov. 21 deadline.
Sandy helps drive truck tonnage down
Hurricane Sandy was partly responsible for driving intercity truck tonnage down an estimated 3.8% in October. after a decline of 0.4% in September.
Rail employment rises for month and year
Total Class I railroad employment reached 162,443 in October, 1.37% higher than in October 2011 and a gain of 0.74% over September 2012.
United Steelworkers, CP strike five-year agreement
Canadian Pacific and the United Steelworkers (USW) Local 1976, which represents approximately 800 clerical and intermodal workers, have entered into a five-year agreement effective Jan. 1, 2013. The current contract…
BNSF's Lanigan to retire, railroad names three VPs
BNSF named Steve Bobb executive vice president and chief marketing officer, with responsibility for BNSF's sales, marketing, customer service, economic development and business unit activities. He succeeds John Lanigan, who…
Kansas City streetcar proposal receives funding, FTA environmental approval
The Kansas City streetcar proposal has received funds from the Mid-America Regional Council's (MARC) Board of Directors totaling $ 17.7 million.
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