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 […]

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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 […]

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‘The greatest railroader of all time’

Hunter Harrison, Canadian National Railway

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 […]

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‘Piedmont’ cab ride video

View from a locomotive cab at bridge overpasses and railroad track.

Ride along with Trains Magazine passenger correspondent Bob Johnston on Amtrak’s northbound Piedmont, train No. 73, between Cary and Durham, N.C. This September 2015 trip features a look at corridor improvements funded by the North Carolina Department of Transportation. NCDOT Rail Division Manager of Design and Construction Jason Orthner answers questions while engineer Fred Gibson […]

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Railfans document near-miss in Fostoria on Sunday NEWSWIRE

CSX3179

The two trains remained by the diamond after the incident during the investigation. This view looks east from the Fostoria Railpark. FOSTORIA, Ohio – Railfans watching trains at the popular Fostoria Railpark believe they nearly witnessed a collision between two trains Sunday at the famous diamond crossing between CSX Transportation and Norfolk Southern in northwest […]

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Cable channel to live-stream Alaska Railroad on Thanksgiving NEWSWIRE

Alaska - Frank Keller

An Alaska Railroad passenger train glides through the open terrain of the U.S.’ largest state. Discovery channel’s Destination America channel plans to live-broadcast an entire one-way trip on the railroad. Frank Keller SILVER SPRING, Md. — If having a yule log burning on your television screen seems too cliché on Thanksgiving, a cable television channel […]

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NS introduces latest specialty locomotive NEWSWIRE

NSFirstResponder

Norfolk Southern’s latest specialty painted locomotive for First Responders, GP38-2 No. 5642. Norfolk Southern ALTOONA, Pa. — Norfolk Southern says it has another special-painted locomotive gracing its rails. This time, GP38-2 No. 5642 is painted as a first responder unit similar to SD60E No. 9-1-1. NS says on its Facebook page that the locomotive will […]

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Is the IHB Hunter’s real target? NEWSWIRE

CPFacts

Is the Indiana Harbor Belt’s 54 miles of mainline track a key component of the proposed 33,700-mile merger of Canadian Pacific and Norfolk Southern? Quite possibly. The IHB, whose main line circles Chicago and could link CP lines in the Midwest with NS lines to the East and South, is an integral part of CP’s […]

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Hunter and the hunted NEWSWIRE

CPHeadon

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 […]

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