Ed Greenberg News
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No North American railroad is a more alluring, or expensive, takeover target than Kansas City Southern.
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Two Canadian Pacific Railway Ltd. cars carrying light, sweet crude to Montreal leaked oil after a train derailed in northern Ontario.
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A Canadian Pacific Railway Ltd. train carrying crude oil derailed in west-central Minnesota, spilling between 20,000 and 30,000 gallons, the Minnesota Pollution Control Agency said.
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A rejection of the Keystone XL pipeline by President Barack Obama would push more of Canada’s $73 billion oil exports onto trains, which register almost three times more spills than pipelines.
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A Teamsters strike on Canadian Pacific Railway Ltd.’s freight network is snarling cargo shipments and frustrating customers who rely on the country’s second-largest rail carrier to deliver supplies and carry products to buyers.
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Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison, who was lured from retirement as the head of Canadian National Railway Co., is poised to a hire a deputy to implement his turnaround strategy at the least efficient North American carrier.
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Canadian Pacific Railway Ltd. paid Hunter Harrison C$49.2 million ($48 million) last year after recruiting him as chief executive officer following a proxy fight by activist investor William Ackman.
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Canadian Pacific Railway Ltd. may face pressure to sell the company after William Ackman’s Pershing Square Capital Management LP bought a 12.2 percent stake and said it expects to hold talks with management.
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Canadian Pacific Railway Ltd. restarted its freight network in Canada today after Parliament passed a bill ending a weeklong Teamsters strike that snarled industry supply chains and seaport traffic.
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Shareholder losses are transforming Canadian Pacific Railway Ltd., the least efficient railroad in North America, into a takeover candidate with the promise of a 37 percent payoff.
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