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Daily Headlines

DOT awards $150 million to Michigan to expand high-speed rail in Midwest

(Source: U.S. Department of Transportation press release, November 22, 2011) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today awarded $150 million to the Michigan Department of Transportation (MDOT) for a high-speed rail project that will increase the...

DOT awards $150 million to Michigan to expand high-speed rail in Midwest

(Source: U.S. Department of Transportation press release, November 22, 2011) WASHINGTON, D.C. — U.S. Transportation Secretary Ray LaHood today awarded $150 million to the Michigan Department of Transportation (MDOT) for a high-speed rail project that will increase the...

Pershing Square ups stake in CP Rail to 12.4 percent

(Source: Financial Post, November 22, 2011) OTTAWA, Ontario — Pershing Square Capital Management has invested another $90 million in Canadian Pacific Railway, raising the fund’s stake in Canada’s second-biggest railroad to 12.4 percent from 12.2 percent. Full story:...

Pershing Square ups stake in CP Rail to 12.4 percent

(Source: Financial Post, November 22, 2011) OTTAWA, Ontario — Pershing Square Capital Management has invested another $90 million in Canadian Pacific Railway, raising the fund’s stake in Canada’s second-biggest railroad to 12.4 percent from 12.2 percent. Full story:...

CP Rail targets rail worker pension costs

(Source: Globe and Mail, November 22, 2011) TORONTO — Canadian Pacific Railway Ltd. is proposing cost-cutting changes to retirement plans for employees, illustrating the pressure many major employers are facing because of high pension costs. CP and the Teamsters...

CP Rail targets rail worker pension costs

(Source: Globe and Mail, November 22, 2011) TORONTO — Canadian Pacific Railway Ltd. is proposing cost-cutting changes to retirement plans for employees, illustrating the pressure many major employers are facing because of high pension costs. CP and the Teamsters...

STB orders $63 million in rate relief to Arizona utility company

(Source: U.S. Surface Transportation Board press release, November 22, 2011) WASHINGTON, D.C. — The U.S. Surface Transportation Board granted an estimated $63 million in reparations and rate reductions to the Arizona Electric Power Cooperative, Inc. The decision...

STB orders $63 million in rate relief to Arizona utility company

(Source: U.S. Surface Transportation Board press release, November 22, 2011) WASHINGTON, D.C. — The U.S. Surface Transportation Board granted an estimated $63 million in reparations and rate reductions to the Arizona Electric Power Cooperative, Inc. The decision...

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