Canadian Pacific Railway CEO E. Hunter Harrison said Wednesday he will abandon a proposed takeover of Norfolk Southern Railway if shareholders at the Virginia railroad fail to pressure their board to sit down at the negotiating table with their Canadian counterparts.
Minister Raitt meets with the Federation of Canadian Municipalities on improving railway transportation
CN extends EcoConnexions From the Ground Up program for three more years to green public properties across Canada
11 Jan 2016
Shippers, lawmakers and other railroads are already petitioning federal regulators to reject the proposed tie-up of Canadian Pacific Railway and Norfolk Southern Railway even though the former has yet to file any legal notice with U.S. rail regulators.
09 Jan 2016
Starting Monday, truckers will face fines if they fail to send electronic shipment manifests to Canadian authorities before arriving at the border. Shipments could be delayed.
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.