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CP-NS: Voting trust and other conundrums
Levitation takes two forms among railroads—magnetic levitation relating to futuristic high-speed passenger transport, and stock levitation associated with bidding wars for asset control.
CP + NS fully in play
The day after confirming that it had made an offer to Norfolk Southern—and following NS’s tepid response—Canadian Pacific on Nov. 18, 2015 disclosed the contents of the offer letter it…
CP pursuing NS. Game on!
It’s official: Canadian Pacific on Nov. 17, 2015 sent an offer letter to Norfolk Southern proposing a merger (an acquisition, really) “that would create a transcontinental railroad with the scale…
CP-NS transcon a craps table roll
Few obstacles bedevil railroads as has the Mississippi River. Spanning it was the nation’s first rail bridge in 1856—promptly assaulted by steamboat Effie Afton. While the bridge was repaired and…
CP + NS is in play: Reports
Canadian Pacific Railway has held early-stage merger talks with Norfolk Southern and is raising financing for an acquisition, according to Nov. 9, 2015 news reports citing confidential sources at both…
High times ahead for Canadian rails
Canada’s three major railways should benefit from the Oct. 19, 2015 sea-to-sea election sweep by Justin Trudeau’s Liberal Party of Canada. Trudeau’s party even managed to get four members of…
CP reports record third-quarter revenue and OR
Canadian Pacific Railway (CP) on Oct. 20, 2015 posted its highest-ever revenue for the third quarter, with a 16% growth in adjusted earnings per share to $2.69 and the lowest…
Canadian Pacific’s implementation and use of ATGMS
The Engineering Services track of the American Railway Engineering and Maintenance-of-Way Association's (AREMA) Annual Conference kicked off with a presentation from Ron Gagne, director track systems, Canadian Pacific (retired), on…
CP acquires Steelcare Inc.
Canadian Pacific Railway (CP) has acquired Steelcare Inc., Canada's largest steel transload facility, the railroad announced Sept. 29, 2015.
CP, NS complete D&H South sale
Canadian Pacific Railway Ltd. has completed the sale of a 282-mile segment of its Delaware & Hudson subsidiary to Norfolk Southern Corp.—the D&H South line, which connects Schenectady, N.Y., with…
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