Railfanning.org News Wire – Page 217

Canadian Pacific, Montreal Port Authority Sign Agreement

February 25, 2011 Railfanning.org News Wire

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, CAW Reach Agreement

February 25, 2011 Railfanning.org News Wire

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.

CP Announces Quarterly Dividend

February 24, 2011 Railfanning.org News Wire

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.

Port Metro Vancouver, Canadian Pacific Announce Agreement

February 22, 2011 Railfanning.org News Wire

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

Mongeau: ‘To Succeed, We Have to Take This Journey Together’

February 17, 2011 Railfanning.org News Wire

WINNIPEG — Claude Mongeau, president and chief executive officer of CN, called for a new business model that embraces innovation, increased productivity, and greater stakeholder collaboration.

STB Lowers Filing Fees

February 15, 2011 Railfanning.org News Wire

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

Union Pacific Railroad Invests $6.9 Million for Track Improvements to Its Line from Yuma to Wellton

February 14, 2011 Railfanning.org News Wire

PHOENIX, Ariz. — Union Pacific Railroad will continue improving Arizona’s transportation infrastructure with a $6.9 million investment to enhance the rail line that runs from Yuma to Wellton. The 30-mile project includes removing and installing new rail and more than 47,000 railroad ties along this premium railroad corridor through southern Arizona. Crews will spread 18,000 tons of rock ballast to ensure a stable roadbed. Union Pacific plans to spend approximately $3.2 billion in 2011 to support America’s current and future freight transportation needs and enhance the safety and efficiency of the railroad’s 32,000-mile network. Improved and additional rail capacity benefits

CN, CAW Ratify New Agreement

February 14, 2011 Railfanning.org News Wire

MONTREAL — CN said that members of the Canadian Auto Workers union have ratified four-year collective agreements with the company and CNTL, a subsidiary of CN. The agreements, retroactive to Jan. 1, 2011, provide wage and benefit increases to CAW members. In addition, the settlements contain progressive provisions to help CN retain and attract skilled employees critical to its workforce in the years ahead. The CAW represents approximately 3,400 workers in three distinct bargaining units at CN – mechanical, clerical/intermodal and excavator operators; and one bargaining unit covering approximately 575 owner-operator truck drivers at CNTL. CN and CNTL reached tentative agreements

Amtrak Now at Temporary Denver Station

February 10, 2011 Railfanning.org News Wire

DENVER — Amtrak has temporarily relocated from the historic Denver Union Station to 1800 21st St., at the intersection of 21st St. and Wewatta St., near Coors Field in Downtown Denver’s Prospect Neighborhood. The temporary station is completely accessible to passengers with disabilities, offers Quik-Trak self-serve ticketing kiosks, free Wi-Fi and vending machines with snacks and beverages. Amtrak passengers are encouraged to plan to be picked up and dropped off at the temporary location. Approximately 15 short-term parking spaces are available at the lot on the east side of the station for passenger pick-up and drop-off. The temporary station is served by a RTD bus stop just steps from the

CN Announces 2011 Capital Investments to Maintain, Improve Network

February 9, 2011 Railfanning.org News Wire

MONTREAL — CN said it plans to invest C$1.7 billion in 2011 to maintain a safe and fluid railway network, to grow the business efficiently and to continue to provide customers with a high level of service. Claude Mongeau, president and chief executive officer, said: “CN is focused on running a safe, sustainable railway and growing our business profitably at low incremental cost. We are pursuing this agenda through infrastructure investments, strengthening ties with our customers, and innovative service improvements. Our service innovations include ‘first-mile/last-mile’ initiatives that respond to customer needs at origin and destination, and supply chain collaboration that emphasizes