CP: Ackman cashes out
Pershing Square Capital Management L.P. principal Bill Ackman has sold all his shares in Canadian Pacific, walking away with a cool $1.5 billion.
Management
Commentary
So what does the “X” in “CSX” really mean?
Last December, in my From the Editor magazine column (“Time to choose a name,” December 2015), I attempted to explain how CSX was named.
Safety, diversity and energy efficiency outlined in NS sustainability report
Norfolk Southern believes it has the answer to what efficiency looks like: Cleaner-running locomotives; greater energy efficiency; support for safer communities; fewer workplace injuries and a more diverse workforce.
STB determines rail industry’s cost of capital for 2015
The Surface Transportation Board announced on August 5th that it has issued its decision determining the railroad industry’s cost of capital for 2015.
Salient Systems ISO 9001:2008 Certification furthers quality management initiative
Salient Systems, Inc., a wholly owned subsidiary of L.B. Foster Co., achieved ISO 9001:2008 Certification in the second quarter of 2016. This facility engineers and manufactures remote infrastructure and vehicle monitoring devices and software for the global rail industry.
São Paulo plans metro privatisation
The governor of the Brazilian state of São Paulo, Geraldo Alckmin, says he wants to privatize six of the nine existing or planned metro and monorail lines serving the city of São Paulo, which represents about 60% of the network.
STB members to testify August 11 on first STB Reauthorization Act
The Surface Transportation Board announced on August 4th that, at the invitation of the Senate Committee on Commerce, Science, and Transportation, the three Board Members will testify on the topic of “Freight Rail Reform: Implementation of the Surface Transportation Board Reauthorization Act of 2015” at a full-committee hearing to be held on Thursday, August 11, 2016, in Sioux Falls, South Dakota.
MTA’s new role in Zika fight: Skeeter slayers
The state of New York is implementing aggressive initiatives to fight the Zika virus and partnering with the Metropolitan Transportation Authority (MTA) to combat the virus in the subway system.
HNTB hires Positive Train Control expert Aaron Marx
Aaron Marx joined HNTB Corporation as project manager, Positive Train Control systems. He is a technical resource for the firm and works with public- and private-sector clients across the United States.
Railfest 2016 announces Grand Marshal
Railfest 2016, an annual celebration of railroading past, present and future that is held on the Saturday and Sunday of Labor Day weekend at Steamtown National Historic Site, announced that Mr. Charles Liberto has been named Grand Marshal for this year’s event.