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Canadian railroads seeing steady pickup in freight volumes

(Dow Jones Newswires circulated the following story by Caroline Van Hasselt on September 8, 2010.) TORONTO — Canada’s two major railroad companies are seeing a steady pickup in freight volumes, reflecting growing demand for commodities, such as potash, iron ore,...

CN, CP Rail volumes full steam ahead

(The following story by Scott Deveau appeared on the National Post website on September 8, 2010.) OTTAWA — The backlog of container traffic at West Coast ports presents an interesting paradox at a time when the economy is supposedly faltering But Steve Hansen, Raymond...

CP Rail train derails near Calgary

(The following story by Renato Gandia appeared on the Edmonton Sun website on August 3, 2010.) AIRDRIE, Alberta — Thirty rail cars — some carrying agricultural chemicals headed to Calgary — derailed north of Calgary on Tuesday, leaving emergency crews...

Schieffer wants DM&E to pay his legal fees

(The Associated Press circulated the following on August 4, 2010.) SIOUX FALLS, S.D. — The Dakota, Minnesota & Eastern Railroad is fighting a request that it pay $23,000 in attorney fees and court costs for former company president Kevin Schieffer. The DM&E...

CP Rail rolls to surprise quarterly results

Economy expected to be volatile for rest of year (The following story by Scott Deveau appeared on the Ottawa Citizen website on July 29, 2010.) Ottawa — Canadian Pacific Railway Ltd. delivered stronger-than-expected quarterly results Wednesday, but warned its recovery...

CP Rail earnings rise 30 pct on volumes, costs

(Reuters circulated the following on July 28, 2010.) NEW YORK — Canadian Pacific Railway Ltd (CP.TO) posted a 30 percent jump in quarterly profit on Wednesday on the back of volume growth and cost controls. CP, Canada’s second-biggest railroad, earned C$166.6...

Canadian Pacific announces second-quarter results

(Canadian Pacific issued the following on July 27, 2010.) CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) today announced second-quarter net income of $166.6 million. Diluted earnings per share were $0.98, up 23 per cent from $0.80 in the...

City of Sioux Falls to lose 100 rail jobs due to DM&E merger

(The following story by Peter Harriman appeared on the Argus Leader website on July 2, 2010.) SIOUX FALLS, S.D. — Sioux Falls, which was the headquarters of the largest regional railroad in the country only three years ago, will lose almost 100 railroad-related jobs...