Latest Rail transport in the United States Stories

Norfolk Southern Heritage locomotives to gather in North Carolina for July 4 'family portrait'

2012-05-21 10:20:43

NORFOLK, Va., May 21, 2012 /PRNewswire/ -- Norfolk Southern's Heritage locomotives will gather for a "family portrait" at the North Carolina Transportation Museum (NCTM) in Spencer, N.C., during the Fourth of July week. All 20 locomotives painted in the color schemes of predecessor railroads will be on display July 3 and 4. "This is the first and probably only chance we'll have to get all these locomotives together in one place at one time," said Norfolk Southern CEO Wick...

Wabtec Increases Dividend; Shareholders Approve Company Proposals At Annual Meeting

2012-05-16 10:20:40

WILMERDING, Pa., May 16, 2012 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today increased its regular quarterly dividend to 5 cents per share, from 3 cents per share. The new dividend rate will be payable initially Aug. 31, 2012 to shareholders of record Aug. 17, 2012. Albert J. Neupaver, Wabtec's president and chief executive officer, said: "With our current financial performance and future outlook, we have ample financial strength to continue to invest in growth opportunities...

MEDIA ADVISORY - Canadian Pacific Annual Meeting of Shareholders May 17, 2012

2012-05-15 14:20:08

CALGARY, May 15, 2012 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) will conduct its annual meeting of shareholders on May 17, 2012 in Calgary. All media are invited to attend. EVENT DETAILS Where: Sheraton Suites Eau Claire 255 Barclay Parade S.W. Calgary, Alberta. When: 8:00 a.m. MDT on Thursday, May 17, 2012 Webcast: Canadian Pacific's AGM will be web streamed live. The link to register for the listen-only webcast is available on...

SteelRiver Reaches Agreement to Acquire Patriot Rail Corp.

2012-05-08 06:22:28

SAN FRANCISCO, Calif. and BOCA RATON, Fla., May 8, 2012 /PRNewswire/ -- SteelRiver Infrastructure Partners, an independent investment management firm focused on investment and asset management services within the infrastructure asset class in North America, and Patriot Rail Corp. ("Patriot") are pleased to announce that SteelRiver has agreed to acquire 100% of the capital stock of Patriot through its dedicated infrastructure investment vehicle SteelRiver Infrastructure Fund North...

Norfolk Southern adds Monongahela Railway to heritage locomotive roster

2012-05-03 06:20:46

NORFOLK, Va., May 3, 2012 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) added the Monongahela Railway to the legacy railroads that the company is honoring with its 30th anniversary heritage paint schemes, bringing to 20 the number of predecessor roads to be so recognized. The Monongahela Railway was created in 1901 as a joint venture of the Pennsylvania Railroad and the Pittsburgh and Lake Erie Railroad to haul coal out of Pennsylvania and West Virginia, with its base of operations...

Wabtec Receives Order To Build Locomotives For CFCL Australia, Marubeni

2012-05-01 02:21:12

WILMERDING, Pa., May 1, 2012 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) said its MotivePower subsidiary has received an order to build 10 locomotives for CFCLA Rail JV Pty Ltd., a joint venture of CFCL Australia Pty. Limited and Marubeni Corporation of Tokyo, Japan. CFCL Australia is the leading locomotive and freight car lessor in Australia, and Marubeni is a Japanese company with interests in transportation and a variety of other industries. The locomotives, expected to be...

CP Board Demands Retraction of Pershing Square's False Accusations

2012-04-27 02:20:42

Sends Letter to William Ackman CALGARY, April 27, 2012 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) Chairman of the Board of Directors, John Cleghorn, today sent a letter to William Ackman. The full text of the letter is below: 27 April 2012 Dear Mr. Ackman: Canadian Pacific's Board of Directors has publicly expressed its disappointment with the false accusations you made during interviews with the Business News Network and CBC News on Monday, April 23,...

Canadian Pacific Comments on Brendan Wood Incomplete Shareholder Survey

2012-04-26 10:20:22

Seriously Flawed Survey with Potentially Skewed Results Does Not Reflect CP's Strong First Quarter Earnings CALGARY, April 26, 2012 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today issued the following statement in response to an incomplete and misleading shareholder survey published by Brendan Wood: "CP questions the validity of the findings of the incomplete shareholder survey released today by Brendan Wood. We believe that this survey, and its...

Canadian Pacific Notes Pershing Square Backing Away from Previously Stated Goals and Timelines

2012-04-26 10:20:13

Pershing Square Continues to Ignore CP's Clear Progress CP Sends Letter to Shareholders Urges Shareholders to Vote the White Universal Proxy Today CALGARY, April 26, 2012 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) today sent the following letter to shareholders: April 26, 2012 Dear Fellow Shareholder: You face a critical decision about the future of your company at Canadian Pacific's annual meeting of shareholders on May 17, 2012: -- You can...

Wabtec Declares Regular Quarterly Dividend

2012-04-26 02:21:58

WILMERDING, Pa., April 26, 2012 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 3 cents per share, payable on May 31, 2012 to holders of record on May 17, 2012. Wabtec Corporation (www.wabtec.com) is a global provider of value-added, technology-based products and services for rail and other industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles....