BLET News
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Daily Headlines
Locked-out Canadian rail workers block locomotive delivery
(Source: Toronto Sun, January 26, 2012) INGERSOLL, Ontario — A rail crossing on the main street of this southern Ontario town became the site of a standoff Wednesday as locked out union members blocked the delivery of a locomotive to protest the lockout of...
NS boosts capital spending by 12 percent for 2012
(Source: Progressive Railroading, January 25, 2012) During its fourth-quarter earnings conference call, Norfolk Southern Corp. announced it has budgeted $2.4 billion for capital spending in 2012, up 12 percent compared with 2011’s $2.16 billion budget. Replacement and...
Canadian Pacific operating efficiency weakens
(Source: Reuters Canada, January 26, 2012) CALGARY, Alberta — Canadian Pacific Railway reported a 18.8 percent increase in fourth-quarter net income on Thursday but an important measure of operating efficiency weakened, a trend that will likely fuel demands by CP's...
Union Pacific to invest in San Antonio track improvements
(Source: Union Pacific press release, January 24, 2012) OMAHA, Neb. — Union Pacific Railroad will continue improving the transportation infrastructure in San Antonio by investing $4 million in one of two rail lines that parallel Frio City Road. The comprehensive...
Union Pacific cites decade of employee safety statistics
(Source: Union Pacific press release, January 24, 2012) OMAHA, Neb. — Union Pacific Railroad employees capped a decade of safety improvement in 2011 by achieving a 1.15 reportable injury rate, the best performance on record in the company's history. Employees...
State auditor issues financial warning on California bullet train
(Source: Los Angeles Times, January 25, 2012) LOS ANGELES — California's $98.5-billion bullet train project has become "increasingly risky" because of uncertainty about where the money will come from to finish even the first phase, the state auditor warned Tuesday....
Four donors, including railroad contractor Herzog, jointly gave Wisconsin governor $1 million in recent weeks
(Full story: Milwaukee Journal Sentinel, January 24, 2012) MADISON, Wisc. — Gov. Scott Walker received $1 million from just four donors from Texas and Missouri in recent weeks to fight an expected recall election. Most of the impressive sums being given to support the...
Canadian Pacific comments on Pershing Square Nominations
(Source: Canadian Pacific Railway press release, January 24, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited today noted the press release issued by Pershing Square Capital Management, L.P. announcing that it intends to nominate five individuals to stand for...
Former CN chief says he’d be ‘honoured’ to turn around Canadian Pacific
(Source: Canadian Press, January 25, 2012) OTTAWA — The battle over control of Canadian Pacific Railway Ltd. heated up Tuesday, with dissident shareholder William Ackman announcing a five-member slate of nominees he'd like to see join CP's board of directors. In the...
Stakes rise in Canadian railroad fight
(Source: Dow Jones, January 25, 2012) TORONTO — Dow Jones provides the latest update in an intensifying battle between Canada’s two larges railroads, Canadian Pacific and CN. Full story: Wall Street Journal
