CP anticipates proxy fight with NS

The Globe and Mail reported that a proxy fight is likely between Canadian Pacific and Norfolk Southern. In a recent regulatory filing, NS said that the premium offered by CP in its proposal was too small and the merger and the voting trust proposed would not be approved by re [...]

Safety Alert: shotgun shell found in locking pin

Canadian Pacific Railway recently reported that a shotgun shell was found in the locking pin of the coupler on the Quebec Gatineau Railway (QGRY) in Quebec. “This type of mischief has potentially fatal consequences and serves as a reminder that employees must always be [...]

Clinton Touts Economic Plan At Local 36

A crowd of several hundred supporters packed the SMART Sheet Metal Local 36 union hall in St. Louis to greet Secretary Hillary Clinton who discussed the economic issues facing America’s working families. She emphasized an economic plan that would raise the minimum wage, use t [...]

Warren Buffett’s BNSF considers bid for NS

NewsmaxFinance.com reported that Warren Buffett’s BNSF railroad, owned by Berkshire Hathaway Inc., may offer a competing bid for Norfolk Southern Corp, throwing a wrench in Canadian Pacific Railway’s efforts for a $27 billion takeover of Norfolk Southern.  Read the complete a [...]

Answers sought in Boston Red Line train incident

NECN reported that MassODOT investigators are looking at possible causes of a Boston Red Line train that departed the station and ran for nine minutes without an operator, yet with passengers on board. The incident occurred early morning on Thursday, December 10. The operator [...]