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Daily Headlines
Stock bonuses headwind on Q4 CN, CP earnings
(Source: Financial Post, January 12, 2012) OTTAWA — One possible offshoot of all the interest in Canadian Pacific Railway stemming from the proxy battle brewing between the management of Canadian Pacific Railway and activist investor Bill Ackman is the impact on the...
Memphis gives Canadian National the green light for $300 million logistics park
(Source: Commercial Appeal, January 13, 2012) MEMPHIS, Tenn. — The Memphis-Shelby County Port Commission voted unanimously to grant Canadian national a 10-year option to buy up to 800 acres in Frank C. Pidgeon Industrial Park in southwest Memphis.The logistics park...
Hoffa: Congress must pass jobs legislation now
(Source: Column by Teamsters General President James P. Hoffa, January 11, 2012) WASHINGTON, D.C. — The latest news about jobs was good, but it wasn't good enough. America created 200,000 jobs in December, the sixth month in a row the economy added at least 100,000...
Chief executive of California high-speed rail project steps down
(Source: Los Angeles Times, January 12, 2012) LOS ANGELES — The political and management challenges facing California's bullet train project grew more complicated Thursday, when the chief executive of the $98.5-billion effort suddenly announced his resignation, just...
AAR: Railroads report rail traffic down 3.7 percent in first week of 2012
(Source: Association of American Railroads press release, January 12, 2012) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported a decrease in weekly rail traffic for the week ending January 7, 2012, with U.S. railroads originating 274,862...
NTSB issues safety recommendations after five rear-end freight train collisions in 2011
(Source: NTSB press release, January 12, 2012) WASHINGTON, D.C. — The National Transportation Safety Board (NTSB) today issued two safety recommendations to the Federal Railroad Administration (FRA) related to five rear-end collisions in which crewmembers failed to...
Class I diversity strategies help women break through the glass ceiling
(Source: Progressive Railroading magazine, July 11, 2012) Class I executives acknowledge railroads have a way to go to achieve a gender equity in the rail workforce, but say their companies have been successful at narrowing the gender gap through diversity initiatives...
RailAmerica reports December 2011 monthly carloads
(Source: RailAmerica press release, January 11, 2012) JACKSONVILLE, Fla. — RailAmerica, Inc. today reported that its total freight carloads for the month ended December 31, 2011 were 70,889 down 0.4% from 71,209 in December 2010. The Company increased shipments in...
Opinion: Proxy battle is good news for CP Rail shareholders
(Source: Globe and Mail column by Agnes T. Crane, January 11, 2012) TORONTO — A dose of investor activism rarely fails to invigorate a company’s managers. Canadian Pacific Railway ranks dead last among North America’s big six railways on a key measure of productivity,...
TCRC: CP Rail ownership fight must not impact public safety during treacherous winter months
(Source: Teamsters Canada Rail Conference press release, January 10, 2012) OTTAWA — With millions of Canadians living within kilometres of CP Rail's main tracks and a preoccupied CP management team admitting its winter contingency plans fell short last winter,...
