March 11, 2016 | CP, CSX, Headlines
(Source: Bloomberg, March 10, 2016) NEW YORK — Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison said he faces an uphill battle to convince CSX Corp. — not just Norfolk Southern Corp. — of the merits of a merger. Full story and video:...
March 10, 2016 | CP, Headlines
(Source: Canadian Press, March 9, 2016) NEW YORK — People need to get their heads around the idea that fossil fuels are “probably dead,” the CEO of Canadian Pacific Railway said Wednesday. “I’m not maybe as green as I should be, but I happen to think the climate is...
March 10, 2016 | CP, Headlines
(Source: Canadian Pacific Railway press release, March 9, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today filed a preliminary proxy statement with the Securities and Exchange Commission (SEC), which outlines the shareholder resolution to be considered...
March 10, 2016 | CP, Headlines, NS
(Source: Associated Press, March 9, 2016) OMAHA, Neb. — Canadian Pacific’s appeal to Norfolk Southern shareholders and regulators likely represents the railroad’s last effort to acquire its rival. Full story: Virginian-Pilot
March 10, 2016 | CP, Headlines, NS
(Source: MarketWatch, March 9, 2016) WASHINGTON, D.C. — The U.S. Justice Department’s top antitrust official on Wednesday raised competition concerns about a proposed voting-trust structure that would involve two rail giants if they merged, saying it could allow the...
March 10, 2016 | CP, CSX, Headlines
(Source: Reuters, March 9, 2016) MONTREAL — Canadian Pacific Railway Ltd Chief Executive Officer Hunter Harrison on Wednesday said CSX Corp has several strengths as a merger target, but stressed that he never made a formal offer for the U.S. railroad. Full story:...
March 9, 2016 | CP, Headlines
(Source: Progressive Railroading, March 8, 2016) Canadian Pacific and the city of Vancouver, British Columbia, have agreed to terms for the railroad’s sale of the Arbutus Corridor to the city for $55 million. Full story: Progressive...
March 9, 2016 | CP, Headlines, NS
(Source: Business News Network, March 8, 2016) ONTARIO — Hunter Harrison wants major railroad shippers to mind their own businesses. The CEO of Canadian Pacific Railway told BNN on Tuesday that FedEx Corp. had no place objecting to his strategy direction....
March 9, 2016 | CP, CSX, Headlines
(Source: Bloomberg, March 8, 2016) NEW YORK — Canadian Pacific Railway Ltd. is still interested in exploring a merger with CSX Corp. even as Canada’s second-largest carrier continues to pursue Norfolk Southern Corp., Chief Executive Officer Hunter Harrison said....
March 8, 2016 | CP, Headlines
(Source: CBC News, March 7, 2016) SUDBURY — The Transportation Safety Board of Canada says it’s deploying a team of investigators to a head-on collision involving a Canadian Pacific hi-rail track unit and a CP train near Chapleau, Ont. Sunday. Full story: CBC...
