Former Illinois Central SD40-3 No. 6251 leads a Canadian National train near Stewart, Minn., earlier this year. Canadian Pacific’s bid for Norfolk Southern includes provisions for a voting trust of a type last used when CN bought IC in the late 1990s. Matt Krause When Norfolk Southern’s board of directors formally rejected Canadian Pacific’s $28 […]
Canadian Pacific slightly sweetened its bid for Norfolk Southern today, offering NS shareholders what amounts to an insurance policy on the stock price of the combined company while the merger is under regulatory review. “We are increasing our offer to NS shareholders by as much as $3.4 billion through the addition of a contingent value […]
Canadian Pacific and Norfolk Southern networks with most major routes shown. Trains: Rick Johnson CALGARY, Alberta — Bill Ackman, Canadian Pacific’s activist shareholder, says in a conference call today that E. Hunter Harrison is the “greatest railroader of all time” and that he is the premium Norfolk Southern shareholders would receive regardless of whether a […]
A CSX Transportation train with Canadian Pacific power waits on a Norfolk Southern train to cross the diamonds at Northwood, Ohio, in January 2014. Michael Harding He said he might do it. Discussing his company’s flirtation with CSX in October 2014, Canadian Pacific Chief Executive Officer E. Hunter Harrison mentioned that CP had looked at […]
No. 611 on an excursion. Jim Wrinn Canadian Pacific’s offer to purchase Norfolk Southern has the full attention of industry analysts and investors. They’re thinking deeply about the railroads’ “net present values,” network operations, and regulatory filings. But what about the companies’ souls? How do the two companies compare in terms of railway preservation? A […]
Led by SD40-2 No. 5810, a Canadian Pacific freight rolls west at Glacier, B.C., on June 14, 1988. Photo by David Lassen […]
Some men go to war for their country. Others build railroads. In both ventures, there is sacrifice, struggle, and honor. The driving of the Canadian Pacific’s final spike at Craigellachie, B.C., in 1885 marked a defining moment in Canada’s transformation from a vast swath of land into a nation — a political and economic engine […]
Many paint schemes are on display on Canadian Pacific at Drake, N.D., in September 2010. Photo by Mark Jackson […]
CSX train Q216 waits, with a Canadian Pacific leader, while a Norfolk Southern train heads west through the Vickers interlocking in Northwood, Ohio, on Jan. 18, 2014. The CSX crew spent a lot of time waiting this morning while NS ran its traffic first through this suburban Toledo crossing. Photo by Michael D. Harding […]
Canadian Pacific 4-6-4 No. 2816 is seen on the Brooks Subdivision at milepost 139 near Strangmuir, Alberta, in June 2010 on a test run following a 20-month rebuild. Photo by Bill Hooper […]
You squint through the train window to read the signs on parallel highway 148. They’re in French and English. It dawns on you that your ride in a Budd Rail Diesel Car from Ottawa to Montreal is about the most inauspicious way to begin a trip around the world. But no matter. It’s February 1974, […]
New crude oil tank cars roll west on Canadian Pacific rails through Duplainville, Wis., on Jan. 12, 2014. Photo by Brian Schmidt […]
