October 24, 2014 | CP, Headlines
(Source: Canadian Pacific Railway press release, October 23, 2014) CALGARY, Alberta — The Canadian Pacific (CP) Holiday Train program is returning to the rails for a 16th year to raise money, food, and awareness for food banks and hunger issues across Canada and the...
October 24, 2014 | CP, Headlines, UP
(Source: Reuters, October 23, 2014) NEW YORK — The chief executive of No. 1 U.S. railroad Union Pacific Corp said on Thursday that he does not think mergers of major railroads “make sense” because of the regulatory hurdles they face and the service issues...
October 24, 2014 | CP, Headlines
(Source: Reuters Canada, October 17, 2014) TORONTO/CHICAGO — Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway, but he still has unfinished business – creation of a consolidated North...
October 23, 2014 | CP, Headlines, Quarterly Income
(Source: Canadian Press, October 21, 2014) CALGARY — Canadian Pacific Railway had $400 million of net income in the third quarter — up 23 per cent from last year on higher revenue and improved efficiency but short of the profit growth that analysts had been...
October 23, 2014 | CP, CSX, Headlines
(Source: Associated Press, October 21, 2014) OMAHA, Neb. — CSX railroad’s top executive said Wednesday regulators are likely to be reluctant about consolidation among the major industry players because they remain concerned about service. Full story:...
October 23, 2014 | CP, Headlines
(Source: Canadian Press, October 21, 2014) CALGARY — Mergers among the top North American railways may be possible if they are structured so that they won’t hurt customers, the chief executive of Canadian Pacific Railway Ltd. says. Full story: Calgary...
October 23, 2014 | CP, Headlines, NS
(Source: USA Today, October 22, 2014) WASHINGTON, D.C. — Rail stocks skidded Wednesday after Norfolk Southern CEO Wick Moorman dismissed talk of industry mergers, telling stock analysts that even with regulatory approval, they don’t make sense. Full story: USA...
October 23, 2014 | CP, Headlines, NS
(Source: Associated Press, October 22, 2014) OMAHA, Neb. — Norfolk Southern Corp.’s CEO doesn’t think railroad mergers are a good idea even if regulators might approve one. CEO Wick Moorman said Wednesday during a conference call on Norfolk’s...
October 22, 2014 | CP, CSX, Headlines
(Source: Reuters, October 21, 2014) NEW YORK — Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on...
October 22, 2014 | CP, CSX, Headlines
(Source: Globe and Mail, October 21, 2014) TORONTO — The chief executive of Canadian Pacific Railway Ltd. says the industry needs mergers to address the growing threat of rail gridlock, and he wouldn’t rule out CP as a takeover candidate. Full story: Globe and...
