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Rail Industry News

Ackman open to Canadian Pacific selling DM&E

(Source: Bloomberg News, February 7, 2012) NEW YORK — William Ackman, the investor seeking a management change at Canadian Pacific Railway Ltd., said his proposed chief would consider selling the Dakota, Minnesota & Eastern Railroad (DM&E), acquired by CP Rail for...

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Opinion: Why is Oregon subsidizing Union Pacific?

(Source: Willamette Week Newspaper, February 8, 2012) WILLAMETTE, Ore. — When it comes to shipping companies, few are bigger than Union Pacific. The rail giant controls 32,000 miles of track across most of the Western U.S. Last year, the company had profits of $3.3...

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CEO hopeful vows to shake up CP Rail

(Source: Reuters, February 6, 2012) TORONTO — Hunter Harrison, the former railroad boss that an activist investor wants to take charge of Canadian Pacific Railway, said on Monday CP has to transform its complacent company culture if it wants to improve its lagging...

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