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CP: Debt offerings for CPKC transaction

(Source: Railway Age, November 18, 2021) NEW YORK — In two separate offerings, one in Canada, one in the United States, Canadian Pacific (CP) is issuing several billion dollars in debt to “indirectly fund, in part, the cash consideration required for the acquisition...

Metra Board approves 2022 budget

(Source: Railway Track & Structures, November 18, 2021) NEW YORK — The Metra Board of Directors last week approved a 2022 operating budget of $900 million and a 2022 capital program of nearly $261 million. Full story: Railway Track &...

Operation Lifesaver releases 2020 annual report

(Source: Operation Lifesaver press release, November 17, 2021) WASHINGTON, D.C. — Operation Lifesaver, Inc. (OLI), the national rail safety education nonprofit, has released a digital version of its 2020 Annual Report. Every three hours a person or vehicle is hit by a...