Jacksonville, Fla.-based RailAmerica Inc. said Monday its RaiLink Canada Ltd. subsidiary has entered into a long-term deal with Canadian Pacific to operate a portion of the Ottawa Valley Railway line. Rail America ended
By William C. Vantuono, Editor Recovering from the worst business downturn in nearly 80 years, U.S. Class I railroads earned an average rate of return on net investment of 9.60% in the
U.S. energy options in the coming decades will need to be plentiful and diverse. Count on the Reading & Northern Railroad to contribute to any solution.
Based upon the presentations at last week’s 3rd Annual Dahlman Rose Global Transportation Conference in New York City, there is a consensus among major freight transportation companies that “a double-dip recession is
The Federal Railroad Administration Monday said Amtrak has joined FRA’s Confidential Close Call Reporting System (C3RS), a safety pilot project that permits rail employees to voluntarily and anonymously report “close call” incidents
The mining company BHP Billiton has reached a preliminary agreement to establish a potash export facility at Port of Vancouver USA, in Washington state. BHP has selected proposals from Canadian Pacific and BNSF Railway for
September 18-21, 2011, marks the dates for Railway Interchange 2011, as Minneapolis hosts the first North American event combining the technical conferences of AREMA (American Railway Engineering and Maintenance-of-Way Association) and CMA
Solid earnings in a shaky economy is one reason. The emerging picture of a growth industry is another.
Canadian Pacific second-quarter net increased 97% to C$166.6 million (US$161 million) compared with the second quarter of 2009. Diluted earnings per share were 98 Canadian cents, up 23% from C$0.80 in the
What Canadian Pacific says was a “one in 100-year rainfall event (one in 500-year event in some locations)” is expected to reduce the railroad’s earnings per share by 10 to 13 Canadian cents
Efforts proceed to assure continued service on Huron Central Railway along Lake Huron’s northern shores, but some sticking points remain, according to Bill Therriault, chair of the multi-modal steering committee for the
The $9 billion Access to the Region’s Core project is the most ambitious railway engineering and construction undertaking since the Pennsylvania Railroad tunneled under the waters of the Hudson River over a century ago.
Canadian Pacific and TSI Terminal Systems Inc. (TSI) announced Wednesday that they have entered into an agreement to speed the flow of containers through the Vancouver, British Columbia, gateway. “This agreement moves us down
Dalman Rose & Co. has raised its second-quarter 2010 and full-year EPS (earnings per share) estimates for all Class I railroads “a ssignificantly better-than-expected volume growth should translate into strong incremental margins,”
Canadian Pacific has joined the Windsor Port Authority and Borealis Infrastructure, a division of the Ontario Municipal Employees Retirement System, in forming the Continental Rail Gateway coalition (CRG) to promote the development, funding, and construction
AECOM announced Monday that it has won a $4.1 million assignment from GO-Metrolinx to provide detailed design, as well as serve as the engineer-of-record, for the Strachan Grade Separation project in Toronto. Part of
Canadian Pacific told analysts at its annual investors day in Vancouver Wednesday that it remains undecided on building a line to the Powder River Coal Basin in Wyoming, an option it acquired
The board of directors of Canadian Pacific Railway on Thursday approved a C$70 million (US$66 million) increase in capital spending in 2010. CP now plans to invest between C$750 million and C$800 million (US$710
CSX Transportation and Canadian Pacific subsidiary Delaware & Hudson Railway have asked the Surface Transportation Board to approve a joint use arrangement in a north-south rail corridor linking the New York City metropolitan area with
Canadian Pacific earned first-quarter net income of C$100 million, an increase of 74% from first-quarter 2009. Earnings per share were C$0.59, up from C$0.36 and ahead of the Wall Street consensus estimate of C$C0.51.
