No Picture
Canadian Pacific

CP Plans to Invest $950M on 2011 Capital Projects

CALGARY — Canadian Pacific Railway unveiled plans to invest between $950 million and $1.05 billion for capital projects in 2011. “CP is focused on continuously improving service reliability, asset velocity, and productivity. With strong demand projected in many of our commodity based businesses, this capital plan will enable us to meet our customer’s needs and continue to lower our operating ratio to create a stronger franchise for the future,” said CP Chief Financial Officer, Kathryn McQuade. The 2011 Capital Plan will focus on: – Making strategic and targeted capacity investments to ensure that the efficiencies gained through our long train strategy, repair
No Picture
STB

STB Plans Hearing on Competition

The Surface Transportation Board announced today a public hearing on May 3 to explore the current state of competition in the railroad industry and possible policy initiatives to promote more rail-to-rail competition. “I said last year that it was time for the Board to revisit the current rail regulatory framework and that is what we are doing,” said Board Chairman Daniel R. Elliott III. “We need to strike a balance between providing access to competitive rail transportation for shippers while maintaining the rail industry’s impressive economic renaissance.” The hearing will begin at 9:30 a.m., in the Surface Transportation Board Hearing Room,