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Daily Headlines
CN donates $5 million to help house Syrian refugees
(Source: Ottawa Community News, December 11, 2015) OTTAWA — Canada has a heart, Ottawa South MPP John Fraser said, reacting to CN Rail’s $5-million pledge to help house Syrian refugees when they resettle across Canada. Full story: Ottawa Community News
Union Pacific Director sells $160,000 in stock
(Source: Dakota Financial News, December 15, 2015) NEW YORK — Union Pacific Director Michael W. McConnell sold 2,070 shares of the firm’s stock in a transaction on Wednesday, December 9. The shares were sold at an average price of $77.51, for a total value of...
Amtrak’s national ridership dips slightly to 30.8 million
(Source: The Hill, December 15, 2015) WASHINGTON, D.C. — Amtrak ridership dipped slightly in 2015 as delays backed up service on its popular Northeast Corridor route, according to figures released recently by the company. Amtrak said Monday that it carried 30.8...
Metro-North details results of track work initiative
(Source: Railway Track & Structures, December 15, 2015) NEW YORK — Metropolitan Transportation Authority's (MTA) Metro-North Railroad has detailed its latest results of a systemwide track reconstruction effort that has rebuilt miles of the railroad in the past two and...
MBTA expected to fire operator of driverless Red Line train
(Source: Associated Press, December 15, 2015) BOSTON — Massachusetts transit investigators looking into a runaway train are recommending that the operator be fired. Full story: www.masslive.com
CP-NS merger would face a just-reformed STB
(Source: Material Handling & Logistics, December 15, 2015) CLEVELAND — If a stalled attempted acquisition of Norfolk Southern by the owner of Canadian Pacific eventually proceeds, it would run smack into a Surface Transportation Board (STB) freshly reformed by...
In a letter to the STB, Senator Durbin and Illinois legislators express concerns over potential CP-NS merger
(Source: Railway Age, December 14, 2015) NEW YORK — In response to the proposed merger between Canadian Pacific Railway (CP) and Norfolk Southern Corporation (NS), U.S. Senator Dick Durbin (D-Ill.) on Dec. 14, 2015 sent a letter signed by Democratic members of the...
Proxy fight looms in CP’s quest for NS
(Source: Dow Jones Newswires, December 14, 2015) WASHINGTON, D.C. — Norfolk Southern Co. on Monday officially rejected Canadian Pacific Railway Ltd.'s latest $30 billion bid to merge the two railroads, bringing the rivals a step closer to a potential proxy fight. Full...
CP Rail says NS wrong about merger
(Source: Associated Press, December 15, 2015) OMAHA, Neb. — Canadian Pacific said Tuesday that getting regulatory approval for its proposed multi-billion-dollar purchase of Norfolk Southern shouldn't be a problem. Norfolk Southern has rejected two cash-and-stock...
CP to NS: 4,926 words and 37 footnotes
(Source: Railway Age, December 15, 2015) NEW YORK — December 7, 2015: A day that will live in infamy for anyone attempting to follow the volley of legalese and rhetoric being tossed about by Canadian Pacific and Norfolk Southern as CP attempts to marry up with NS in...
