November 12, 2015 | CP, Headlines, NS
(Source: Globe and Mail, November 11, 2015) TORONTO — Canadian Pacific Railway Ltd.’s reported plan to create the largest railway in North America with an offer for Norfolk Southern Corp. would face a lengthy review process that could pit the company against shippers...
November 11, 2015 | CP, Headlines, NS
(Source: Reuters opinion column by Robert Cryan, November 10, 2015) NEW YORK — Canadian Pacific Railway may yet manage to cross the border. The $22 billion railroad company may try to buy slightly larger Norfolk Southern. If CP can boost its U.S. rival’s operating...
November 11, 2015 | BNSF, CP, Headlines
(Source: Bloomberg, November 10, 2015) NEW YORK — Julie Piggott, the chief financial officer of the railroad at Warren Buffett’s Berkshire Hathaway Inc., said government watchdogs may be reluctant to allow more consolidation of major companies in her industry. Full...
November 11, 2015 | CP, Headlines, NS
(Source: Business News Network, November 10, 2015) OTTAWA — A merger between Canada’s CP Rail and Norfolk Southern is “highly unlikely,” although not impossible, one rail analyst tells BNN. Full story: Business News Network
November 10, 2015 | BNSF, CP, Headlines
(Source: Associated Press, November 9, 2015) NEW YORK — Crews worked Monday to clear freight cars from rail tracks and contain spilled crude oil, ethanol and coal after two trains derailed in Wisconsin over the weekend and another derailed in Iowa on Monday. Full...
November 10, 2015 | CP, Headlines, NS
(Source: Bloomberg, November 10, 2015) WASHINGTON, D.C. — Canadian Pacific Railway Ltd.’s quest for a record merger depends on a blessing from the same U.S. agency that thwarted the last effort to build a transcontinental railroad. Full story:...
November 10, 2015 | CP, Headlines, NS
(Source: Globe and Mail, November 9, 2015) TORONTO — A takeover of Norfolk Southern Corp. by Canadian Pacific Railway Ltd. would give Hunter Harrison his dream: a railway that reaches three coasts. The chief executive officer of Calgary-based CP could be a step closer...
November 10, 2015 | CP, Headlines, NS
(Source: New York Times, November 9, 2015) NEW YORK — If at first Canadian Pacific could not succeed in buying a fellow railroad operator, it looks prepared to try again with another target. Canadian Pacific has held preliminary discussions with Norfolk Southern, one...
November 9, 2015 | CP, Headlines, Oil Train
(Source: Reuters, November 9, 2015) MADISON, Wisc. — A Canadian Pacific freight train carrying crude oil by means of Wisconsin derailed on Sunday, knocking thirteen automobiles off the tracks, spilling oil and main 35 houses to be evacuated, within the state’s second...
November 9, 2015 | BNSF, CP, Headlines
(Source: Wisconsin Public Radio and the Associated Press, November 9, 2015) MADISON, Wisc. — Two separate train derailments happened over the weekend in Wisconsin, both of which involved leakages and evacuations of the surrounding communities. Full story: Wisconsin...
