October 17, 2014 | CP, CSX, Headlines
(Source: Reuters, October 16, 2014) CHICAGO — Senator Amy Klobuchar, the head of a U.S. Senate subcommittee, raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific...
October 16, 2014 | CP, Headlines
(Source: Forum News Service, October 16, 2014) ENDERLIN, N.D. — This city of 886 in southeast North Dakota people picked a fight with a multibillion-dollar railroad company when it passed an ordinance this month banning trains from blocking roadways and sidewalks for...
October 16, 2014 | CP, Headlines
(Source: CBC News, October 15, 2015) EDMONTON, Alberta — CP Rail says two of its train cars rolled for nearly 13 kilometres through the city last month, which the company says may have happened after someone tampered with the brakes. Full story: CBC...
October 16, 2014 | CP, CSX, Headlines
(Source: Globe and Mail, October 15, 2014) TORONTO — A move by Canadian Pacific Railway Ltd. to acquire U.S. rail company CSX Corp. would bring untold benefits to CP, including completing its rail network to East Coast refineries and ports. Full story: Globe and...
October 16, 2014 | CP, CSX, Headlines
(Source: Bloomberg News, October 15, 2014) NEW YORK — CSX Corp. Chief Executive Officer Michael Ward said Wednesday that rail consolidation could create disruptions in freight traffic, after the U.S. carrier last week was said to rebuff merger talks with Canadian...
October 15, 2014 | CP, CSX, Headlines
(Source: Financial Post, October 14, 2014) OTTAWA — Almost 15 years ago, Canadian National, which had been privatized a few years earlier, made a bid to acquire Burlington Northern Sante Fe, a move which was set to create the largest railroad in North America. Full...
October 15, 2014 | CP, CSX, Headlines
(Source: Bloomberg, October 13, 2014) NEW YORK — After being spurned by CSX, Canadian Pacific could make another approach or consider another target, said a person familiar with the matter. CSX, the largest railroad in the eastern U.S., would also be a good fit for...
October 14, 2014 | CP, CSX, Headlines
(Source: Reuters, October 14, 2014) NEW YORK — Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd., but analysts said any such deal would face significant regulatory and...
October 14, 2014 | CP, CSX, Headlines
(Source: Reuters, October 12, 2014) NEW YORK — Canadian Pacific Railway Ltd has approached CSX Corp about merging the two North American railroad operators, according to the Wall Street Journal. Full story: Reuters
October 8, 2014 | CP, Headlines
(Source: Financial Post, October 7, 2014) OTTAWA — Canadian Pacific Railway Ltd.’s chief operating officer slammed the federal government for interfering in the rail sector Tuesday, warning that too much intervention could lead to crumbling infrastructure and maybe...
