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Daily Headlines
North Dakota’s first rail inspector now certified; more than 400 defects found since August
(Source: Dickinson Press, March 9, 2016) BISMARCK, N.D. — The first track inspector hired by North Dakota regulators for a new rail safety program created in the wake of two fiery oil train derailments has earned his federal certification while finding more than 400...
California high-speed rail adds money, time to right-of-way contracts
(Source: Fresno Bee, March 9, 2016) FRESNO, Calif. — More time and money are being allocated to property acquisition for high-speed rail sections in the San Joaquin Valley – a process that continues to take the California High-Speed Rail Authority much longer than...
Fossil fuels are ‘probably dead,’ says CP’s Hunter Harrison
(Source: Canadian Press, March 9, 2016) NEW YORK — People need to get their heads around the idea that fossil fuels are “probably dead,” the CEO of Canadian Pacific Railway said Wednesday. “I’m not maybe as green as I should be, but I happen to think the climate is...
CP files preliminary proxy statement with SEC for NS annual meeting
(Source: Canadian Pacific Railway press release, March 9, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today filed a preliminary proxy statement with the Securities and Exchange Commission (SEC), which outlines the shareholder resolution to be considered...
CP appeal to shareholders may be last effort acquire NS
(Source: Associated Press, March 9, 2016) OMAHA, Neb. — Canadian Pacific's appeal to Norfolk Southern shareholders and regulators likely represents the railroad's last effort to acquire its rival. Full story: Virginian-Pilot
Top U.S. antitrust official concerned by CP’s merger terms
(Source: MarketWatch, March 9, 2016) WASHINGTON, D.C. — The U.S. Justice Department’s top antitrust official on Wednesday raised competition concerns about a proposed voting-trust structure that would involve two rail giants if they merged, saying it could allow the...
CP’s Harrison says CSX and NS ‘both work’ as merger targets
(Source: Reuters, March 9, 2016) MONTREAL — Canadian Pacific Railway Ltd Chief Executive Officer Hunter Harrison on Wednesday said CSX Corp has several strengths as a merger target, but stressed that he never made a formal offer for the U.S. railroad. Full story:...
NJ Transit, unions say they would like to reach a settlement today
(Source: www.nj.com, March 10, 2016) NEWARK, N.J. — NJ Transit and union officials have both said they would prefer to reach a settlement on Thursday and avoid a Sunday morning rail strike. Full story: www.nj.com
CP to sell Arbutus Corridor to Vancouver for $55 million
(Source: Progressive Railroading, March 8, 2016) Canadian Pacific and the city of Vancouver, British Columbia, have agreed to terms for the railroad's sale of the Arbutus Corridor to the city for $55 million. Full story: Progressive Railroading
Metra to expand close call reporting system
(Source: Chicago Sun-Times, March 8, 2016) CHICAGO — About 130 reports of Metra “close calls” have been made in slightly more than six months since four unions signed a confidential safety reporting agreement, officials said Tuesday as they announced an expansion of...
