Norfolk Southern
Month: February 2011
Amtrak
Amtrak to Add 40 Coach Cars to Acela Express
WASHINGTON – Amtrak plans to begin procurement in fiscal year 2012 of 40 additional Acela Express coach cars to increase seating capacity on all existing high-speed train sets to meet growing ridership demand. The plan to purchase new high-speed equipment is part of the national passenger railroad’s $2.22 billion funding request submitted to Congress. “Investing in Amtrak is investing in America’s transportation future and is an important component of any serious plan to reduce our dependence on foreign oil,” said President and CEO Joe Boardman. “It is necessary to balance the real concern over federal spending with the ongoing need to invest in the nation’s intercity
Norfolk Southern
Norfolk Southern Headquarters Earns EPA’s Energy Star
NORFOLK, Va. — Norfolk Southern’s Arnold B. McKinnon headquarters building has earned the 2010 U.S. Environmental Protection Agency’s Energy Star, the national symbol for protecting the environment through energy efficiency. This signifies that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency. Commercial buildings that earn the Energy Star use an average of 35 percent less energy than typical buildings and release 35 percent less carbon dioxide into the atmosphere. A building that scores 75 or higher on EPA’s 1-100 scale is eligible for the Energy Star. The NS building scored 78. Norfolk Southern increased the
Canadian Pacific
Canadian Pacific, Montreal Port Authority Sign Agreement
MONTREAL — Canadian Pacific (and the Montreal Port Authority (MPA) announced the signing of a collaborative agreement on performance and productivity that formalizes the railroad’s and the port’s ongoing supply chain collaboration. “This collaboration agreement continues to strengthen our long partnership with the Port of Montreal, setting the stage for a cross-supply chain collaboration that improves performance and service of the Continental Gateway,” said CP Executive Vice-President and Chief Marketing Officer Jane O’Hagan. “Our collaboration will create the most efficient and reliable routing for freight traffic moving between Europeand the American Midwest.” “This new service agreement reflects the commitment of the port and
Canadian Pacific
Canadian Pacific, CAW Reach Agreement
CALGARY — Canadian Pacific was notified by the Canadian Auto Workers union (CAW) today that the Memorandum of Settlement reached on Feb. 5 by Canadian Pacific and the CAW has now been ratified by the membership. The renewal collective agreement, which covers Canadian Pacific’s mechanical services employees in Canada, is four years in duration, extending to the end of 2014.
Canadian Pacific
CP Announces Quarterly Dividend
CALGARY — The Board of Directors of Canadian Pacific Railway has declared a quarterly dividend of 27 cents per share on the outstanding Common Shares. The dividend is payable on April 25, 2011, to holders of record at the close of business on March 25, 2011, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act.
Canadian Pacific
Port Metro Vancouver, Canadian Pacific Announce Agreement
VANCOUVER — Canadian Pacific and Port Metro Vancouver (PMV) announced a collaboration agreement to improve productivity and performance through Canada’s Pacific Gateway. The Port and CP believe that greater collaboration and accountability among supply chain partners is the key to more efficient and reliable trade through the Gateway. This collaboration agreement sets the framework for the Port, CP and port stakeholders to develop mechanisms to define, measure, monitor and evaluate the performance of each participant at the port against established benchmarks. It also establishes processes to proactively communicate on service-related matters and resolve disputes between CP, the Port and port supply chain
Canadian National
STB
STB Lowers Filing Fees
The Surface Transportation Board said it has moved to significantly reduce filing fees for shipper complaints to $350. Currently, shippers are charged as much as $20,600 to file a complaint. The proposed rulemaking, approved by the STB, would implement a new fee schedule that would charge shippers $350 to file a rate or unreasonable practice complaint. The fee to file an expedited small rate case would remain $150. “Charging a small business more than $20,000 to bring a complaint is not right,’’ said STB Chairman Daniel R. Elliott III. “I am afraid that some meritorious cases were discouraged by the high filing fees.” Elliott said that while the new