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December 2015

Canadian railways penalized for excess grain revenues


Reuters News Agency WINNIPEG, Manitoba (Reuters) – The Canadian government said on Tuesday that it has fined the country’s two big railways, Canadian National Railway Co and Canadian Pacific Railway Ltd, for earning too much revenue from hauling western grain … Continue reading

30 December 2015 | Posted in Railways | Leave a comment


Third time not a charm for Canadian Pacific


By Bill Stephens – Trains Magazine NORFOLK, Va. – Norfolk Southern has rejected Canadian Pacific’s third merger offer Wednesday morning, dismissing it as a “grossly inadequate” bid, which creates regulatory risk that is not in the best interests of NS … Continue reading

25 December 2015 | Posted in Railways | Leave a comment


Canadian Pacific Calls Out Norfolk Southern for Christmas Break


  By David Benoit – The Wall Street Journal Canadian Pacific Railway Ltd. wants its customers and the customers of Norfolk Southern Corp. aware of one thing this holiday week: Its railroad will be running straight through Christmas. Norfolk Southern’s … Continue reading

23 December 2015 | Posted in Railways | Leave a comment


Lac Megantic victims’ fund to begin payments without CP Rail


By Allison Lampert – Reuters Canada MONTREAL (Reuters) – A C$460 million ($330.46 million) settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd, the monitor involved … Continue reading

23 December 2015 | Posted in Railways | Leave a comment


AMT looking for rolling stock supplier, operations and maintenance contractor


Written by  William C. Vantuono, RailwayAge Montreal’s Agence Metropolitaine de Transport (AMT) on Dec. 17, 2015 launched an international call for tenders to acquire new commuter railcars and award a contract for operation and maintenance of its entire passenger rail … Continue reading

20 December 2015 | Posted in Railways | Leave a comment


Transportation Safety Board probing ‘remote controlled’ train in Edmonton derailment


CBC News Canada’s transport minister is sending a special ministerial observer to the scene of the CP Rail derailment and hazardous goods spill northeast of Edmonton amid concerns surrounding the company’s use of “remote control” technology to move trains. The move … Continue reading

20 December 2015 | Posted in Railways | Leave a comment


CP ups the ante; NS responds


Written by  Carolina Worrell, Managing Editor RailwayAge Canadian Pacific (CP) on Dec. 16, 2015 announced a “revised, enhanced offer” in its bid to acquire Norfolk Southern (NS). The revised offer consists of, for each NS share, U.S.$32.86, 0.451 shares of … Continue reading

17 December 2015 | Posted in Railways | Leave a comment


Freight traffic, intermodal on steady decline


Written by  Carolina Worrell, Managing Editor Simmons-Boardman Publishing Inc. For the week ending Dec. 12, 2015, total U.S. rail traffic was 544, 975 carloads and intermodal units, down 8% compared with the same week in 2014, the Association of American … Continue reading

17 December 2015 | Posted in Railways | Leave a comment


Canadian Pacific Railway Limited declares dividend


​​​​​​​​​​​The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of thirty-five cents ($0.35) Canadian per share on the outstanding Common Shares. ​The dividend is payable on January 25, 2016 to holders … Continue reading

15 December 2015 | Posted in Railways | Leave a comment


Canadian Pacific criticizes assumptions Norfolk Southern is making about proposed rail merger


By Josh Funk, The Associated Press OMAHA, Neb. – Canadian Pacific says one of the main reasons Norfolk Southern opposes merging the two railroads is based on flawed assumptions. Canadian Pacific issued a report Tuesday explaining why it believes regulators … Continue reading

15 December 2015 | Posted in Railways | Leave a comment