CN Reports Q4-2009 Net Income

WASHINGTON – In recognition of National Transportation Week, Amtrak today announced that ridership across the country reached 14.3 million during the first seven months of the fiscal year, an increase of 5 percent over last year. The biggest growth was in Amtrak’s short-distance corridors outside the Northeast — routes of 500 miles or less — with more than 12.3 million passengers traveling. The Amtrak-owned Northeast Corridor (Washington, DC – New York – Boston) continues to be the railroad’s busiest route, with 5.7 million passengers traveling during the first seven months of the fiscal year (October 1, 2006 – March 31,

TORONTO — IBM  has signed a five-year renewal with Canadian Pacific to provide strategic outsourcing services. This current infrastructure agreement includes mainframe, database, architecture and project management services. IBM will continue to operate the information technology infrastructure for the Calgary, Alberta-based railway. This renewal provides CP with effective cost management while improving services to customers. “With the current economic situation, there is a growing need to build smarter transportation systems around the world,” said Saad Toma, general manager, Global Technology Services, IBM Canada. “IBM will continue helping Canadian Pacific optimize technology to reduce operational costs and to improve fluidity of

A $2-billion private-public partnership between Canadian Pacific Railway and the federal government could take more than a million trucks a year off Highway 401 between Montreal and Toronto, and lay the foundation for high-speed intercity passenger rail service, the railway’s chief executive officer said here today.