STB approves CP purchase of Central Maine & Quebec NEWSWIRE

CPLOGO

Tuesday rail news: — The U.S. Surface Transportation Board on Monday approved Canadian Pacific’s purchase of the Central Maine & Quebec, effective June 18. Canadian regulators had already approved the purchase of trackage in Canada. The STB approval of the purchase — officially by CP’s U.S. subsidiary, Soo Line Corp. — denied a request by […]

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Former CP chairman, CEO Ian Scott dies NEWSWIRE

CPLOGO

MONTREAL – Ian Barry Scott, former Chairman and CEO of Canadian Pacific Railway, died in Montreal April 17. He was 90. Born Feb. 2, 1930, Scott had a 45-year career with CP, culminating in being named chairman and CEO in 1985. He retired on Feb. 28, 1995, and was succeeded by Robert J. Ritchie. In retirement […]

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MTA seeks another $3.9 billion in federal aid NEWSWIRE

MTA

Saturday morning rail news: — New York’s Metropolitan Transportation Authority is seeking another $3.9 billion in federal aid to offset losses caused by the coronavirus pandemic. The MTA received $4 billion as part of the coronavirus relief act passed in March, but Newsday reports that MTA chairman Patrick Foye says the agency’s original estimates of […]

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Trains News Wire Digest for Saturday, April 4 (updated) NEWSWIRE

ACE

Saturday morning COVID-19-related rail news: — Several transit agencies have announced further service cuts. – Altamont Corridor Express will reduce service by an additional round trip as of Monday. Trains 5 and 6 are suspended until further notice; with trains 7 and 10 having been suspended in March, the service now provides two weekday roundtrips, […]

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Canadian Pacific expects to weather coronavirus traffic slump NEWSWIRE

CPLOGO

CALGARY, Alberta – Canadian Pacific CEO Keith Creel sought to reassure investors that the railway is well positioned to weather the economic downturn related to the coronavirus epidemic despite an anticipated decline in traffic and revenue. “This company is weathering the storm, and weathering the storm quite well,” Creel said during an investor call on […]

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Trains News Wire Digest for Monday, March 23 NEWSWIRE

Texrail_Grapvine_LLassen

A TEXRail train passes the station at Grapevine, Texas. TEXRail and Trinity Railway Express service is being reduced as of today. Lance Lassen A roundup of Monday morning rail news: — Amtrak has suspended all Acela Express service on the Northeast Corridor, reflecting a dramatic drop in usage for America’s only high speed rail service. […]

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News Wire Digest Third Section for Friday, March 20 NEWSWIRE

logo_viarail

More Friday rail news: — VIA Rail Canada has announced further service cuts because of the coronavirus pandemic, extending suspensions of the Montreal-Halifax Ocean, Toronto-Vancouver Canadian, and Jasper-Prince Rupert service until at least May 1, the CBC reports. Montreal-Senneterre and Montreal-Jonquiere, Quebec, trains will be reduced to one round trip per week, as will Sudbury-White […]

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