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95% of TCRC members give strike mandate at CP Rail

(Source: Teamsters Canada Rail Conference press release, April 26, 2012) LAVAL, Quebec — The general committees of the Teamsters Canada Rail Conference (TCRC) representing the conductors, trainmen, yardmen, locomotive engineers and rail traffic controllers employed by...

Rail stocks mixed at close of May 2 trading

(Source: Associated Press, May 2, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading, including CN, which fell 0.2 percent, and CP Rail, which rose 0.2 percent. Full story: CBS News

CP Rail directors offer compromise with activist investor

(Source: Globe and Mail, May 2, 2012) TORONTO — Canadian Pacific Railway’s embattled directors are signaling that they want to negotiate a peace accord with activist Bill Ackman as the company draws near to a May 17 proxy shootout. Full story: Globe and...

CP Rail demands Ackman retract ‘outrageous’ comments

(Source: Globe and Mail, April 27, 2012) TORONTO — Canadian Pacific Railway Ltd.’s chairman John Cleghorn waded into the escalating war of words with its largest shareholder Bill Ackman by demanding that the activist retract “outrageous” and “false” accusations about...