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Daily Headlines
Activist investor Bill Ackman plays big role in laying out CP-NS deal
(Source: Reuters, December 9, 2015) BOSTON — Billionaire investor William Ackman is playing an outsized role in railway Canadian Pacific's plan to buy rival Norfolk Southern, underscoring his efforts to bring home a deal to salvage an otherwise awful 2015 for the...
Investigators raid CP Rail offices a second time for info on B.C. train left with no handbrakes
(Source: CBC News, December 8, 2015) CALGARY — Transport Canada alleges three CP Rail supervisors — not the train crew — are responsible for leaving 57 rail cars parked on a mountain slope without proper handbrakes earlier this year above Revelstoke, B.C. Two of the...
Editorial: What you should know about the Canadian Pacific
(Source: Editorial in the Roanoke Times, December 9, 2015) ROANOKE, Va. — In 2005, Bill Ackman’s Pershing Square group bought into the Wendy’s hamburger chain, and forced the board to sell off its Tim Hortons doughnut business, bringing in $670 million for Wendy’s...
NS rejects second offer, but CP may go directly to shareholders
(Source: Associated Press, December 8, 2015) OMAHA, Neb. — Norfolk Southern rejected Canadian Pacific's latest takeover offer less than an hour after it was announced Tuesday, but the Canadian railroad now appears ready to take its case directly to the shareholders of...
Teamsters announce fund to assist San Bernardino victims, families
(Source: International Brotherhood of Teamsters press release, December 9, 2015) WASHINGTON, D.C. — Teamsters Joint Council 42 has created a support fund for the victims and families impacted by the San Bernardino shooting. Three Teamster members were killed and two...
The importance of a current connection for Railroad Retirement benefits
(Source: Railroad Retirement Board press release, November 16, 2015) CHICAGO — Under the Railroad Retirement Act, a "current connection with the railroad industry" is one of the eligibility requirements for occupational disability annuities and supplemental annuities,...
Is the return of Amtrak a possibility for Gulf Coast?
(Source: Sun Herald, December 8, 2015) GULFPORT, Miss. — During a meeting of some Alabama, Mississippi and Louisiana mayors last week in Mobile, SRC members announced the group will be exploring how and where a passenger service could best serve the Coast. Full story:...
Washington state imposes $71,700 fine on BNSF for hazardous spills
(Source: The Herald, December 7, 2015) OLYMPIA, Wash. — The state Utilities and Transportation Commission on Monday imposed a $71,700 fine on BNSF Railway for failing to timely report several spills of hazardous materials, including two at a rail yard in Everett. Full...
Railroads beat back new safety rules after derailments
(Source: Associated Press, December 5, 2015) NEW YORK — A pair of train derailments in 2012 that killed two people in Maryland and triggered a fiery explosion in Ohio exposed a little-known and unsettling truth about railroads in the U.S. and Canada: No rules govern...
Federal transportation bill is a boon for the new Hudson rail tunnel, officials say
(Source: New York Times, December 7, 2015) NEW YORK — Near the site where a new rail tunnel could one day run under the Hudson River, officials said on Monday that a recently passed federal transportation bill would make it easier to secure funding for the...
