THE death was announced on December 16 of Mr E Hunter Harrison, president and CEO of US class 1 railway CSX due to unexpectedly severe complications following a recent illness.
CSX is set to appoint former CP and CN chief executive Mr Hunter Harrison as CEO on May 31 following weeks of speculation over the future of management at the United States Class 1 railway.
PORTUGUESE Trains (CP) and Railway Equipment Maintenance Company (EMEF) unveiled interior and exterior designs for CP's refurbished Alfa Pendular EMUs in Lisbon on January 27.
CANADIAN Pacific (CP) made a further move in its bid to merge with Norfolk Southern (NS) on December 8, seeking to quell shareholders' concerns over financial terms and regulatory approval.
GENESEE & Wyoming's newest rail subsidiary, the Rapid City, Pierre & Eastern Railroad (RCP&E) began operations on June 1, 2014 after Canadian Pacific (CP) completed the sale of the line, the western stretch of the Dakota, Minnesota & Eastern (DM&E).
CANADIAN Pacific Railway (CP) has agreed to sell the western section of the Dakota, Minnesota & Eastern Railway (DM&E), which it acquired in 2008, to Genesee & Wyoming (GWI).
A new oil boom is currently sweeping the west of the United States following economic improvements to the process of hydraulic fracturing, or fracking, and the government's desire to increase its energy independence. With oil and gas companies lining up to get their share, the rush to extract oil is also proving to be hugely beneficial to North American railways, as Kevin Smith discovers.
CANADIAN Pacific Railway (CP) announced on May 7 that it will bring forward a number of capital of investment projects planned for 2014 into the current financial year, increasing the $US 1.1bn budget announced in December 2012 by $US 75-100m.
CANADIAN Pacific Railway (CP) has reported a 53% jump in first-quarter net income to $C 217m ($US 213m) and a 51% improvement in earnings per share which was ahead of predictions by Wall Street analysts.
CANADIAN Pacific (CP) reported a 15% increase in its diluted earnings per share "exclusive of significant items" to $C 1.28 from $C 1.11 in its 2012 annual results published on January 29, a result which the Class 1 railway described as "solid."