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Daily Headlines
Ackman rejects Canadian Pacific ‘peace’ deal that would rule out Harrison as CEO
(Source: Bloomberg News, May 2, 2012) NEW YORK — William Ackman, the investor waging a proxy fight to oust Canadian Pacific Railway Ltd. (CP)’s chief executive officer, ruled out a compromise that eliminates Hunter Harrison as a possible successor. Full story:...
BNSF chemical fire in Kansas causes $75,000 in damages
(Source: Capital-Journal, May 2, 2012) TOPEKA, Kan. — A fire that ignited accidentally as a chemist was testing diesel fuel did an estimated $75,000 damage early Monday afternoon in a laboratory on BNSF Railway property, authorities said. No one was hurt. Full story:...
Rail stocks mixed at close of May 2 trading
(Source: Associated Press, May 2, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading, including CN, which fell 0.2 percent, and CP Rail, which rose 0.2 percent. Full story: CBS News
State-of-the-art grain terminal planned for central Illinois
(Source: State Journal-Register, May 3, 2012) SOUTH JACKSONVILLE, Ill. — One of the nation’s largest grain companies expects to be shipping train loads of central Illinois corn, soybeans and wheat by the fall of 2013 from a state-of-the-art terminal planned in South...
Norfolk Southern breaks ground on new Charlotte Regional Intermodal Facility
(Source: Norfolk Southern press release, May 2, 2012) CHARLOTTE, N.C. — Norfolk Southern Corporation officially broke ground today on the Charlotte Regional Intermodal Facility at Charlotte Douglas International Airport. The facility, which will transfer trailers and...
MBTA, Homeland Security partner on testing of biological sensors in subway
(Source: MBTA press release, May 1, 2012) BOSTON, Mass. — The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has partnered with the Massachusetts Bay Transportation Authority (MBTA) to test a system of newly developed biological...
MBTA chief wants to know why Amtrak sent train down wrong tracks
(Source: Boston Herald, May 2, 2012) BOSTON, Mass. — The MBTA chief wants Amtrak to explain why one of its dispatchers sent a commuter train down the wrong tracks, a mishap that caused an 18-minute delay for commuters during Monday’s evening rush hour. Full story:...
CP Rail directors offer compromise with activist investor
(Source: Globe and Mail, May 2, 2012) TORONTO — Canadian Pacific Railway's embattled directors are signaling that they want to negotiate a peace accord with activist Bill Ackman as the company draws near to a May 17 proxy shootout. Full story: Globe and Mail
BNSF plans infrastructure improvements in Nebraska
(Source: BNSF Railway press release, May 1, 2012) FORT WORTH, Texas — BNSF Railway Company (BNSF) plans to invest an estimated $202 million on maintenance and rail capacity improvement and expansion projects in Nebraska this year. BNSF's 2012 capacity enhancement...
Trial opens in Livingston landowners’ lawsuit against BNSF Railway over pollutants
(Source: Associated Press, May 1, 2012) GREAT FALLS, Mont. — Attorneys representing Livingston landowners in a pollution suit against BNSF Railway Co. are asking jurors to consider whether BNSF acted as a good neighbor during decades of Livingston operations. Full...
