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Daily Headlines
UP making track improvements on Nebraska line in Grand Island
(Source: Union Pacific Railroad press release, November 15, 2011) OMAHA, Neb. — Union Pacific Railroad will continue improving Nebraska's transportation infrastructure with more than $6 million in investment to enhance the rail line that runs through Grand Island. The...
With new investor on board, CP Rail faces a boardroom battle to catch CN
(Source: Macleans, November 16, 2011) TORONTO — New York hedge fund Pershing Square Capital Management LP recently revealed that it had taken a 12.2 per cent stake in CP, which has lagged other North American railroads’ performances in recent years—particularly CN....
With new investor on board, CP Rail faces a boardroom battle to catch CN
(Source: Macleans, November 16, 2011) TORONTO — New York hedge fund Pershing Square Capital Management LP recently revealed that it had taken a 12.2 per cent stake in CP, which has lagged other North American railroads’ performances in recent years—particularly CN....
KCS declares dividend on 4% non-cumulative preferred stock
(Source: Kansas City Southern press release, November 16, 2011) KANSAS CITY, Mo. — Kansas City Southern’s (KCS) Board of Directors on November 16, 2011 declared a dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is...
KCS declares dividend on 4% non-cumulative preferred stock
(Source: Kansas City Southern press release, November 16, 2011) KANSAS CITY, Mo. — Kansas City Southern’s (KCS) Board of Directors on November 16, 2011 declared a dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is...
Buffett’s BNSF bets on Asian specialty grain
(Source: Bloomberg News, November 17, 2011) NEW YORK — Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, is betting almost $700 million on terminal development as it takes advantage of a 29 percent surge in Asia-bound shipments of specialty...
Buffett’s BNSF bets on Asian specialty grain
(Source: Bloomberg News, November 17, 2011) NEW YORK — Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, is betting almost $700 million on terminal development as it takes advantage of a 29 percent surge in Asia-bound shipments of specialty...
Billionaire Buffett’s Bakken oil boom
(Source: Investor's Business Daily, November 16, 2011) NEW YORK — As oil production ramps up in the Bakken fields of North Dakota, plans to use a pipeline to transport it have been dashed. As a result, North Dakota's booming oil producers will have to rely on the...
Billionaire Buffett’s Bakken oil boom
(Source: Investor's Business Daily, November 16, 2011) NEW YORK — As oil production ramps up in the Bakken fields of North Dakota, plans to use a pipeline to transport it have been dashed. As a result, North Dakota's booming oil producers will have to rely on the...
Canadian Pacific says it’s better prepared to face adverse winter
(Source: Canadian Press, November 15, 2011) TORONTO — Canadian Pacific Railway Ltd. says it's more prepared to face adverse winter weather along its tracks after spending millions upgrading rails and secondary routes. Full story: Winnipeg Free Press
