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Daily Headlines

CP Rail reports Q1 2020 financial results

(Source: Canadian Pacific Railway press release, April 20, 2020) CALGARY — Canadian Pacific's first quarter of 2020 was the best Q1 on record for Canadian grain and grain products, with more than 6.35 million metric tons (MMT) moved. The 2020 result breaks the...

DOT makes available $311.8 million for capital rail projects

(Source: Federal Railroad Administration press release, April 17, 2020) WASHINGTON, D.C. — The U.S. Department of Transportation’s Federal Railroad Administration (FRA) issued a Notice of Funding Opportunity (NOFO) today for the Consolidated Rail Infrastructure and...

Union Pacific sees biggest inside stock buy in years

(Source: Barron’s, April 17, 2020) NEW YORK —Union Pacific William J. DeLaney paid $2.1 million on March 31 for 15,000 Union Pacific shares, an average price of $138.20 each. DeLaney made the purchase through a trading plan that executes automatically when preset...

KCS eyes cost control measures

(Source: Freight Waves, April 17, 2020) CHATTANOOGA, Tenn. — Kansas City Southern hopes to weather the coronavirus pandemic by shifting its operating plan to cut costs even further as a means to counter an anticipated steep downturn in second quarter volumes. This...

MTA requests $3.9 billion in federal aid

(Source: Progressive Railroading, April 17, 2020) The Metropolitan Transportation Authority (MTA) yesterday issued a letter to the New York State Congressional Delegation requesting an additional $3.9 billion in federal funding as Congress considers its next COVID-19...

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