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April 2016

Quebec: Pension fund turns passenger rail operator


Written by  David Thomas, Contributing Editor –  Railway Age Proposing a radical new business model, Quebec’s huge public pension fund announced April 22, 2016 that it will directly undertake construction and continuing operation of a 67-km (41.5-mile), double-tracked, electrified and … Continue reading

27 April 2016 | Posted in Railways | Leave a comment


Little progress on rail safety in wake of Lac Mégantic


Are Canada’s rail-safety regulators in the pocket of a regulation-averse industry? Paul Chiasson / THE CANADIAN PRESS Smoke rises from railway cars that were carrying crude oil, after a derailment in LacMegantic, Que., July 6, 2013. By: Bruce Campbell – … Continue reading

14 April 2016 | Posted in Railways | Leave a comment


Canadian Pacific Drops Efforts to Merge With Norfolk Southern


By Jacquie McNish and Laura Stevens – The Wall Street Journal CP says it sees ‘no clear path to a friendly merger’ Canadian Pacific Railway Ltd. abandoned its nearly $30 billion pursuit of Norfolk Southern Corp. on Monday after it … Continue reading

11 April 2016 | Posted in Railways | Leave a comment


U.S. military: CP, Norfolk Southern merger could affect defense


By Nick Carey CHICAGO (Reuters) – The U.S. military on Thursday raised concerns with a federal rail regulator over the voting trust Canadian Pacific CP.TO has proposed as part of its takeover bid for Norfolk Southern NSC.N and said the … Continue reading

8 April 2016 | Posted in Railways | Leave a comment


Rail, ports in Canada’s West need cash injections


Ross Marowits – MONTREAL — The Canadian Press Big investments in both rail and marine infrastructure will be required to accommodate an acceleration in commodities shipments, particularly oil, over the next decade, says the Conference Board of Canada. In a report released … Continue reading

8 April 2016 | Posted in Railways | Leave a comment


U.S. House Transportation chief opposes CP, Norfolk rail merger


David Morgan and Nick Carey – WASHINGTON/CHICAGO — Reuters The chairman of the U.S. House Transportation and Infrastructure Committee announced his opposition on Tuesday to Canadian Pacific’s proposed railroad merger with Norfolk Southern Corp, dealing a fresh blow to the prospect of … Continue reading

6 April 2016 | Posted in Railways | Leave a comment


CN trains 15,000 employees at new education centers, will open classes to customers


Progressive Railroading CN announced yesterday that 15,000 employees have completed railway training at its two education campuses since they opened in 2014. The milestone of 15,000 workers trained “reflects the re-engineering of how CN hires a new generation of railroaders … Continue reading

6 April 2016 | Posted in Railways | Leave a comment


Freight traffic still on the decline


Written by  Carolina Worrell, Managing Editor – Railway Age For the third week in a row, freight traffic shows no signs of growth. For the week ending March 26, 2016, carloads and intermodal units took another big hit, dropping 18.5% … Continue reading

1 April 2016 | Posted in Railways | Leave a comment


Norfolk says it is open to talks with CP Rail if bid is ‘meaningfully increased’


By Ross Marowits, The Canadian Press MONTREAL – Norfolk Southern Railway’s CEO is urging its employees not to support a motion urging the railway’s board of directors to enter into merger talks with Canadian Pacific Railway. In a letter sent … Continue reading

1 April 2016 | Posted in Railways | Leave a comment


CP files proxy for shareholder resolution at NS’ annual meeting


Progressive Railroading Canadian Pacific yesterday filed with the U.S. Securities and Exchange Commission a shareholder resolution that will ask Norfolk Southern Corp.’s board to engage in “good faith discussions” regarding CP’s proposed merger with NS. CP also filed a letter … Continue reading

1 April 2016 | Posted in Railways | Leave a comment