February 26, 2016 | CP, Headlines, NS
(Source: Canadian Pacific Railway press release, February 25, 2016) CALGARY, Alberta — Canadian Pacific has received over 80 letters of support from a broad cross section of customers for CP’s proposal to acquire Norfolk Southern Corp. (NS); 62 of these letters...
February 24, 2016 | CP, Headlines
(Source: Canadian Pacific Railway press release, February 23, 2016) CALGARY, Alberta — The Board of Directors of Canadian Pacific Railway Limited today declared a quarterly dividend of thirty-five cents ($0.35) Canadian per share on the outstanding Common Shares. The...
February 19, 2016 | CP, Headlines, NS
(Source: Altoona Mirror, February 19, 2016) ALTOONA, Pa. — Rep. Bill Shuster, R-9th District, is leaning toward opposing a proposed railroad merger that could affect close to 1,000 Blair County workers, he revealed Thursday after touring Norfolk Southern’s...
February 18, 2016 | CP, Headlines
(Source: Calgary Herald, February 17, 2016) CALGARY, Alberta — Canadian Pacific Railway acted in bad faith when it fired a Calgary conductor last year after a major derailment, basing her dismissal on “unfounded” grounds that appeared to “camouflage” discrimination,...
February 18, 2016 | CP, Headlines, STB
(Source: Associated Press, February 17, 2016) OMAHA, Neb. — Canadian Pacific’s CEO hopes asking for preliminary approval of the structure of his proposed takeover of Norfolk Southern railroad will remove a stumbling block for the deal. Full story:...
February 17, 2016 | CP, Headlines, NS
(Source: The Times, February 16, 2016) HARRISBURG, Pa. — The state House of Representatives recently adopted a resolution co-sponsored by Rep. Rob Matzie that would urge the federal government to prevent the “hostile” takeover of Norfolk Southern. Full story:...
February 17, 2016 | CP, Headlines, NS
(Source: Reuters, February 16, 2016) NEW YORK — CP said it would seek an order from the U.S. Surface Transportation Board (STB) confirming the viability of a complex deal structure that it intends to use in its proposed takeover of Norfolk Southern Corp. The rarely...
February 12, 2016 | CP, Headlines, NS
(Source: The Economist, February 13, 2016) NEW YORK — How can the rail industry continue to satisfy both investors and society if demand and profits are lower and the need for capital spending remains high? Perhaps by turning the big six railways into four, or even...
February 12, 2016 | CP, Headlines, NS
(Source: Associated Press, February 11, 2016) OMAHA, Neb. — Canadian Pacific has created a website to showcase all of its arguments for its proposed takeover of Norfolk Southern railroad. Most of what’s on the www.cpconsolidation.com website is from Canadian...
February 12, 2016 | CP, Headlines, NS
(Source: Dow Jones Business News, February 11, 2016) NEW YORK — United Parcel Service Inc., one of the nation’s largest rail customers, became the latest company to oppose a merger between Canadian Pacific Railway Ltd. and Norfolk Southern Corp. In a letter...
