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Alberta businessman Paul Haggis nominated to CP Rail board

(Source: Calgary Herald, February 22, 2012) CALGARY, Alberta — Bill Ackman has enlisted an Alberta businessman in his bid to oust Canadian Pacific’s CEO, adding Paul Haggis to a proposed slate of directors in the latest manoeuvre between the railway and its largest...

CN targets $1.75 billion in 2012 capital investments

(Source: CN press release, February 17, 2012) MONTREAL — CN announced today plans to invest C$1.75 billion in 2012 to maintain and upgrade its railway network, support growth and productivity initiatives, and continue to provide customers with a high level of service....

CN Board votes to cancel Harrison’s future pension payments

(Source: Toronto Star, February 13, 2012) TORONTO — CN Railway is moving to permanently pull nearly $40 million in pensions and other payments owed to former chief executive Hunter Harrison because he is now openly courting the top job at rival CP Rail. Full story:...