January 27, 2017 | CP, CSX, Headlines
(Source: Globe and Mail, January 26, 2017) TORONTO — Hunter Harrison has sold his shares in Canadian Pacific Railway Ltd., shortly after quitting as chief executive officer of the Calgary company to pursue the top job at Florida-based railway CSX Corp. Mr. Harrison...
January 27, 2017 | CP, CSX, Headlines
(Source: Globe and Mail, January 25, 2017) TORONTO — Hunter Harrison, the outspoken railroader credited with rescuing Canadian Pacific Railway Ltd. from the doldrums, is making his early exit from the company with about C$52-million, even after giving up $118-million...
January 26, 2017 | CSX, Headlines
(Source: Reuters, January 25, 2017) NEW YORK — A Neuberger Berman LLC portfolio manager has thrown her support behind a plan to put railroad industry veteran Hunter Harrison into CSX Corp’s CEO chair with the help of an activist investor. Full story: Business...
January 26, 2017 | CP, CSX, Headlines
(Source: Bloomberg, January 25, 2017) NEW YORK — If most CSX Corp. investors are like Sandy Pomeroy and T.J. McConville, Hunter Harrison will probably have a fourth railroad to run. Pomeroy, a fund manager with Neuberger Berman Group, backs Harrison taking over as...
January 25, 2017 | CSX, Headlines
(Source: Railway Track & Structures, January 24, 2017) NEW YORK — CSX revealed a preliminary 2017 capital investment of $2.2 billion during its Fourth Quarter earnings call on Jan. 18. Full story: Railway Track & Structures
January 25, 2017 | CP, CSX, Headlines
(Source: Railway Age opinion column by William C. Vantuono, January 24, 2017) NEW YORK — First, let me make this perfectly clear: Two-time Railway Age Railroader of the Year E. Hunter Harrison (2002, CN/Illinois Central; 2015, Canadian Pacific) is one of our...
January 25, 2017 | CP, CSX, Headlines
(Source: Associated Press, January 24, 2017) OMAHA, Neb. — The terms of Hunter Harrison’s separation agreement with Canadian Pacific prohibits him from working at Canadian National, Union Pacific or BNSF railroads. But in addition to CSX, it also allows him to jump to...
January 24, 2017 | CP, CSX, Headlines
(Source: Reuters, January 23, 2017) MONTREAL — The outgoing chief executive of Canadian Pacific Railway Ltd., said to be in advanced talks with a partner to shake up CSX Corp., cannot hire any CP management except its chief of staff, according to details of an...
January 24, 2017 | CSX, Headlines
(Source: Financial Post, January 23, 2017) OTTAWA — CSX Corp. has been upgraded to outperform from market perform at BMO Capital Markets on the “high” probability of installing former Canadian Pacific Railway Ltd. chief executive Hunter Harrison as its CEO. Full...
January 23, 2017 | CP, CSX, Headlines
(Source: Fortune, January 21, 2017) NEW YORK — On January 19, Hunter Harrison, the septuagenarian CEO of Canadian Pacific, announced that he’ll depart in less than two weeks, months ahead of his scheduled retirement on June 30. Press accounts, including an...
