Posted 2 months ago by Railpage System User
Hamberger recently retired as President and CEO of the Association of American Railroads (AAR). He led the AAR for more than two decades, making him the longest-tenured head of the 85-year-old organization.
Posted 2 months ago by Railpage System User
In addition, CP posted record earnings per share (EPS) with reported diluted EPS of C$5.17, a 70% increase from C$3.04 last year, and an adjusted diluted EPS of C$4.30, a 36% increase from last year’s C$3.16.
Posted 2 months ago by Railpage System User
Canadian Pacific’s (NYSE: CP) second quarter net income rose 66 percent amid a 13 percent increase in company revenue, the railroad reported on July 15.
Posted 2 months ago by Railpage System User
National Steel Car in Hamilton, Ontario, is building the cars—2,800 for CP and 1,000 for CN—which feature a new design that increases car capacity while reducing car length, allowing for more cars in a standard-length train.
Posted 2 months ago by Railpage System User
While operational efficiencies get the credit for a freight railroad’s improved operating ratio, other factors, such as changes in fuel prices and increases in freight rates, play significant roles according to a research paper by a law firm representing shippers in Canada.
Posted 2 months ago by Railpage System User
Canadian transportation equipment manufacturer Bombardier plans to lay off up to 50% of the workforce at its Thunder Bay rail-car plant in Ontario, where it manufactured streetcars for the Toronto Transit Commission.
Posted 2 months ago by Railpage System User
The Government of Canada is set to invest C$1.3bn ($1bn) to fund the extension of the Montréal Metro’s Blue line.
Posted 2 months ago by Railpage System User
Canadian National Railway announced today that western Canadian grain movement during June exceeded 2.3 million metric tons (MMT), compared to the three year average of 1.80 MMT and June 2018’s result of 1.99 MMT.
Posted 2 months ago by Railpage System User
Canadian National (NYSE: CNI) announced that its western Canadian grain shipments exceeded 2.3 million metric tons in June, 15.6 percent higher year-over-year and well ahead of the three-year average of 1.8 million metric tons.
Posted 2 months ago by Railpage System User
The contracts were hastily negotiated in the dying days of Alberta’s New Democratic administration as a Hail Mary attempt to make Alberta bitumen competitively priced in a global market swimming in high-grade oil.
Posted 2 months ago by bevans
Canadian National Railway says it is on track to move record quantities of western Canadian grain after a strong June.
Posted 2 months ago by Railpage System User
The Honourable Marc Garneau, Minister of Transport, and the Honourable François-Philippe Champagne, Minister of Infrastructure and Communities announced that the Government of Canada and Canada Infrastructure Bank are committing $71.1 million in funding to explore VIA Rail Canada’s proposal for high-frequency rail in the Quebec City–Toronto Corridor.
Posted 2 months ago by Railpage System User
The government and Canada Infrastructure Bank announced a total of C$71·1m of funding on June 25 to support the further development of VIA Rail’s High Frequency Rail proposal to enhance inter-city services on the Québec – Montréal – Ottawa – Toronto corridor.
Posted 2 months ago by Railpage System User
Another C$16 million will be anteed up by Transport Canada. With its total $71 million, a “Joint Project Team” of the bank and VIA Rail is to develop the scheme to the point where it can be pitched next year to private-sector investors, notably, the country’s rich public pension funds.
Posted 2 months ago by Railpage System User
Keolis launched on June 21 the ION Light Rail Transit (LRT), the Waterloo Region’s new rapid transit system in Ontario, CA, at Kitchener’s Fairway Station.
Posted 2 months ago by Railpage System User
The 11-km (6.8-mile) Finch West line, with 18 stops between Humber College and the Finch West subway station, will provide new transit access to the historically underserviced northwest area of Toronto.
Posted 2 months ago by Railpage System User
Thales has secured a contract to deliver the signalling system for the Finch West LRT system in Toronto, Canada.
Posted 2 months ago by newsbot
Canadian crude by rail activity is on the upswing again, according to new data from the National Energy Board.
Posted 2 months ago by bevans
In honour of National Indigenous Peoples Day, Operation Lifesaver (OL) — a national not-for-profit dedicated to reducing serious injuries and deaths on rail lines in Canada — today unveiled new rail safety resources specifically for Indigenous communities.
Posted 2 months ago by bevans
Funds will be put toward making more seamless transitions between Montreal and Toronto
Posted 3 months ago by Railpage System User
The first of the two phases of the ION Light Rail Transit (LRT), the region of Waterloo’s new rapid transit system in Ontario, Canada, was launched June 21 at Kitchener’s Fairway station.
Posted 3 months ago by Railpage System User
The interim TIH tank standard (HM-246 in the U.S., which authorized the use of interim tank specifications for new construction of TIH cars DOT-105J500I, DOT-112J500I or DOT-105J600I, depending on commodity
Posted 3 months ago by Railpage System User
Thales has received a contract from East-West Connectors to provide signalling technology for the Confederation Line Extension project in Ottawa, Canada.
Posted 3 months ago by Railpage System User
The Stage 2 Confederation Line extension will expand the initial Stage 1 Confederation Line farther east to Trim Road and farther west to Baseline Road and Moodie Drive, adding 28 kilometers of rail, 16 stations, and a maintenance and storage facility.
Posted 3 months ago by Railpage System User
U.S. rail volumes fell again for the week ended May 18, while Canadian volumes grew, according to the latest data from the Association of American Railroads.
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