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Daily Headlines
Officials organize opposition to Great Lakes rail line proposal
(Source: Post-Tribune, April 9, 2016) CHICAGO — More than 150 residents came out Saturday for an informational meeting hosted by local officials on how to oppose the proposed Great Lakes Basin Transportation Inc. rail line. Full story: Chicago Tribune
First trains arrive at JaxPort’s new $30 million rail terminal
(Source: News 4 Jacksonville, Aril 11, 2016) JACKSONVILLE, Fla. — The first train load of Jacksonville Port Authority's newly completed Intermodal Container Transfer Facility at Dames Point arrived Monday in support of a high-level military training exercise this...
Canada’s TSB reviews another runaway rail car in Saskatchewan
(Source: Canadian Press, April 11, 2016) REGINA, Sask. — The Transportation Safety Board is investigating another case of a runaway railway car rolling through a Saskatchewan city. The board says on March 27 an empty Canadian Pacific Railway hopper car rolled through...
MRL performing bridge repairs
(Source: Billings Gazette, April 12, 2016) BILLINGS, Mont. — Montana Rail Link is starting repair work on MRL Bridge 223.1. MRL Bridge 223.1 is over the Yellowstone River in the city of Billings, adjacent and north of the First Avenue North Bridge that crosses the...
Hundreds contest Lac-Megantic settlement amounts
(Source: Canadian Press, April 11, 2016) MONTREAL — About 400 people are contesting the amount of money they have received from the $460-million Lac-Megantic settlement fund for victims and creditors of the 2013 rail disaster, the man overseeing the cash distribution...
Teamsters meet with European unions about Airgas, Air Liquide
(Source: International Brotherhood of Teamsters press release, April 11, 2016) PARIS — International Brotherhood of Teamsters Director of Global Strategies Tim Beaty met this week with officials from CFDT and CGT, two of the major unions representing workers at Air...
Opinion: CP bid for NS pushed all the wrong buttons
(Source: Reuters opinion column by Robert Cyran, April 11, 2016) NEW YORK — Canadian Pacific Railway’s $28 billion bid for rival Norfolk Southern pushed all the wrong deal buttons. The now-abandoned, unsolicited offer managed to alienate nearly every ally the railway...
CP mulls buyback, dividend after dropping NS bid
(Source: Reuters, April 11, 2016) CHICAGO — Canadian Pacific Railway Chief Executive Hunter Harrison on Monday said the company would consider using cash once planned to acquire rival Norfolk Southern Corp for a potential buyback, dividend, or combination of both....
Norfolk Southern statement on CP’s termination of acquisition efforts
(Source: Norfolk Southern press release, April 11, 2016) NORFOLK, Va. — Norfolk Southern today issued the following statement regarding Canadian Pacific’s withdrawal of its unsolicited acquisition proposal and its related shareholder resolution: “Norfolk Southern’s...
CP ends efforts to acquire NS, citing ‘no clear path to friendly merger’
(Source: DC Velocity, April 11, 2016) WASHINGTON, D.C. — Facing a battle it seemed destined to lose, Canadian Pacific Railway (CP) said today it would end its efforts to acquire Norfolk Southern Corp. (NS) for US$28 billion to create North America's first end-to-end...
