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Rail Industry News

MBTA deal soured by lemon locomotives

(The following appeared on the Boston Herald website on March 23, 2011.) BOSTON — Two of the five loaner locomotives the T rented from an Idaho company as back-up engines for its beleaguered commuter rail service turned out to be too beat-up for use, MBTA General...

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Canadian Pacific warns of lower earnings

(The following appeared on the Journal of Commerce website on March 22, 2011.) WASHINGTON, D.C. — Citing severe winter weather and a lag in fuel surcharges catching up with a surge in diesel prices, Canadian Pacific Railway said its "first quarter earnings will be...

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CP Rail targets drop on earnings warning

(The following appeared on the Financial Post website on March 22, 2011.) OTTAWA — Canadian Pacific Railway Ltd.’s warning this week that its first quarter profit would likely come in dramatically below expectations led to a series of earning estimate revisions...

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