Canada

09 Feb 2016
Canadian Pacific Railway said Tuesday it plans to submit a resolution asking Norfolk Southern Railway shareholders request their board of directors engage in “good faith discussions” with CP regarding its proposed merger, the newest approach after the Calgary-based company has been rebuffed three times.
08 Jan 2016
Shovels could be in the ground on Canadian National Railway’s planned $196 million intermodal and logistics hub outside of Toronto as soon as 2017. That is, if a recently submitted environmental impact statement passes muster with Canada’s Environmental Assessment Agency.
30 Dec 2015
The building of a terminal with an initial capacity of 500,000 twenty-foot-equivalent units annually in Nova Scotia inched closer to reality after a China infrastructure construction company earlier this month agreed to study the feasibility of such a project
23 Dec 2015
Canadian Pacific Railway got a lump of coal in its stocking days before Christmas after Norfolk Southern Railway said Wednesday it had rejected a third buyout bid.
22 Dec 2015
U.S. and Canadian rail regulators will be getting an earful from shippers on either side of the border if a proposed Canadian Pacific and Norfolk Southern railway merger goes through.
21 Dec 2015
Canadian Pacific Railway said its acquisition of Norfolk Southern Railway would improve fluidity through Chicago, but doubts remain whether a tie would do much to free up bottlenecks at the top U.S. freight hub — even if the deal gives CP control of a key belt railroad in the area.
18 Dec 2015
Canadian Pacific Railway’s increasingly aggressive attempt to acquire Norfolk Southern Railway will have a regulatory smoother ride in Canada than in the U.S. — if NS shareholders jump on board with the plan.
17 Dec 2015
Canadian Pacific Railway’s attempt to takeover Norfolk Southern Railway has already raised alarm with a group of Illinois lawmakers and prompted a pointed response from the Canadian railroad.
16 Dec 2015
A proxy war has been all but declared, analysts say, after Canadian Pacific Railway announced Wednesday it had upped its hostile bid for Norfolk Southern Railway by some $3.4 billion.
15 Dec 2015
With expectations that Canadian Pacific Railway is about to launch a proxy fight for control of Norfolk Southern Railway, the Calgary-based railroad’s recent response to an NS white paper is the latest attempt to convince investors to give the deal yet another look at its pitch.
15 Dec 2015
DP World, the new owner of Prince Rupert's container terminal, and the port authority are already considering expanding the port’s annual capacity by more than 700,000 twenty-foot equivalent units — even though the latest buildout has yet to be completed.