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Daily Headlines
Via Rail on track for strike
(The following story by Jamie Ngo and Brian Gray appeared on the Toronto Sun website on July 19.) TORONTO — Via Rail passengers are already considering putting their travel plans on another track as the clock ticks toward a Sunday strike deadline. Linda Thomas and...
Brookfield’s CPR plan may hit regulatory roadblock
(The following story by Boyd Erman appeared on the Globe and Mail website on July 20. With files from reporter Sinclair Stewart in New York.) TORONTO — Brookfield Asset Management Inc.'s buyout plan for Canadian Pacific Railway Ltd., which is based on the idea of...
BNSF increases quarterly dividend 28 percent
(Burlington Northern Santa Fe Corporation circulated the following on July 19.) FORT WORTH, Texas — Directors of Burlington Northern Santa Fe Corporation (NYSE:BNI) voted today, July 19, 2007, to increase BNSF's next quarterly dividend by 28 percent, or 7 cents per...
AAR: Rail freight traffic down for week ended July 14
(The Association of American Railroads issued the following on July 19.) WASHINGTON, D.C. — Freight traffic on U.S. railroads was down during the week ended July 14 in comparison with the corresponding week last year, the Association of American Railroads (AAR)...
A rail suitor for CP said unlikely
(Reuters circulated the following by Allan Dowd on July 19.) VANCOUVER, B.C. — If Canadian Pacific Railway shareholders want alternatives to a possible bid by Brookfield Asset Management Inc. they should not expect the white knight to arrive by rail, analysts and a...
CP Rail downgraded, analyst recommends CN instead
(The following story by Scott Deveau appeared on the Globe and Mail website on July 20.) OTTAWA — RBC Capital Markets analyst Walter Spracklin downgraded Canadian Pacific Railway Ltd. to “sector perform” from “sector outperform” Thursday, saying he prefers the...
Opinion: There’s more than one way to own railway stock
(The following column by Andrew Willis appeared on the Globe and Mail website on July 20.) TORONTO — Wondering why Canadian National Railway shares are flying when it's Canadian Pacific Railway that's the takeover target? Investors aren't confused - we hope. The jump...
The lure of CP Rail? Asian trade
(The following story by Brent Jang appeared on the Globe and Mail website on July 20.) TORONTO — For budding suitors tracking Canadian Pacific Railway Ltd., the long-term appeal of booming Asian trade may be too much to resist. An ever-growing stream of Asian consumer...
CSX paid lobbyist $40K on climate change, rail security
(The Associated Press circulated the following on July 19.) WASHINGTON, D.C. — Railroad operator CSX Corp. paid McGlotten & Jarvis $40,000 in the first half of 2007 to lobby the federal government, according to a disclosure form. The firm lobbied on legislation...
S.D. considers rail expansion project
(The Associated Press circulated the following by Chet Brokaw on July 18.) PIERRE, S.D. — The state Transportation Commission plans to hold a hearing next month to consider new rules that would control the Dakota, Minnesota and Eastern Railroad's application to use...
