The Surface Transportation Board late Monday, Aug. 18, 2014, announced it will hold a public field hearing on Sept. 4, 2014 “to provide interested persons and parties the opportunity to report on service problems in the United States rail network, to hear from rail industry executives on their efforts to address service problems, and to discuss additional options to improve rail service.”
Canadian Pacific early Thursday, July 17, 2014, reported second-quarter net income of C$371 million (US$345 million), or C$2.11 (US$1.96) per diluted share, a record for the second quarter, and up from C$252 million, or C$1.43 per share, in the comparable quarter of 2013.
The Surface Transportation Board is requiring Canadian Pacific and BNSF “to publicly file their plans to timely resolve their backlogs of grain car orders, as well as weekly status reports pertaining to grain car service.”
Federal Railroad Administrator Joseph C. Szabo on Friday, May 30, 2014 toured a Siemens rail automation plant in Louisville, Ky., which is producing components for new Positive Train Control (PTC) systems.
Canadian Pacific Chief Executive Officer E. Hunter Harrison is calling for “direct face-to-face discussions based on facts are the best way to make progress on strengthening Canada’s grain handling and transportation system.”
Canadian Pacific Railway said Wednesday, May 7, 2014, it had agreed to a contract extension with CEO E. Hunter Harrison, adding a year to his term, which will now run until 2017.
Canadian Pacific Railway announced Thursday, May 1, 2014, the election of Gary F. Colter as chairman of the company’s Board of Directors.
