CP agreement: Hunter’s open options include CSX, NS, and KCS NEWSWIRE

E. Hunter Harrison Associated Press CALGARY, Alberta – Former Canadian Pacific CEO E. Hunter Harrison is barred from heading to Canadian National, BNSF Railway, and Union Pacific, CP disclosed in a regulatory filing today. That leaves open the possibility that Harrison could seek management opportunities at CSX Transportation — as reported — or Norfolk Southern […]

Read More…

My memorable summer of 1959

CP3422

CP Consolidation 3422, pictured at North Bay, Ont., in October 1954, was among the engines author Quastler came to know during his 1959 summer at London, Ont. Mert Leet In that memorable summer, I was 18 and about to enter my sophomore year in college. My father worked for a Detroit firm that had a […]

Read More…

Canadian Pacific cracks down on whitewater rafting trespassers NEWSWIRE

CP

GOLDEN, British Columbia — Whitewater rafters using Canadian Pacific’s right-of-way to gain access to a section of rapids along the Kicking Horse River in rural British Columbia are now learning that the Class I railroad will enforce its trespassing rules. Locals familiar with the tourist attraction, which draws in more than 40,000 tourists each year, […]

Read More…

Drew’s Trackside Adventures: Episode 30 – Thompson River Trek

In this extended-length episode, you’ll come to appreciate just how quickly real railroads (and Drew) can be humbled by Mother Nature! This time, Drew, Kent, and Charlie Conway forge through desert-like heat, high winds, and rugged terrain in Canada’s Thompson River Canyon. The action on Canadian Pacific and Canadian National main lines sizzles too, as […]

Read More…

Drew’s Trackside Adventures: Episode 30 – Thompson River Trek

In this extended-length episode, you’ll come to appreciate just how quickly real railroads (and Drew) can be humbled by Mother Nature! This time, Drew, Kent, and Charlie Conway forge through desert-like heat, high winds, and rugged terrain in Canada’s Thompson River Canyon. The action on Canadian Pacific and Canadian National main lines sizzles too, as […]

Read More…

Drew’s Trackside Adventures: Episode 29 – Fraser River Foray

Host Drew Halverson heads to the Northwest and back across the Canadian border to begin his most ambitious railfan outing yet! Drew enlists MRVP’s Kent Johnson and pilot pal Charlie Conway to help capture railroad action in one of the most picturesque river canyons in North America. Drew and the crew also catch BNSF street […]

Read More…

Drew’s Trackside Adventures: Episode 29 – Fraser River Foray

Host Drew Halverson heads to the Northwest and back across the Canadian border to begin his most ambitious railfan outing yet! Drew enlists MRVP’s Kent Johnson and pilot pal Charlie Conway to help capture railroad action in one of the most picturesque river canyons in North America. Drew and the crew also catch BNSF street […]

Read More…

Voting trusts, what they mean in a CP deal for NS NEWSWIRE

VotingTrusts

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 […]

Read More…

UPDATE: CP makes third offer for NS NEWSWIRE

CP

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 […]

Read More…