Business, Logistics

CSX Shareholders Seen Likely to Make Harrison a $300 Million Man

CSX Corp. shareholders are likely to approve turnaround veteran Hunter Harrison’s demand for a $300 million pay package that the railroad derided as “exceptionally unusual,” according to analysts.

February 17, 2017

Canadian Pacific to Shift Strategy in Bid for Norfolk Southern

Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum.

January 22, 2016
Business, Logistics

CP Rail Earnings Beat Expectations on Declining Costs

Canadian Pacific Railway reported third-quarter profit that topped analysts’ estimates, buoyed by a weaker currency and expense reductions that included parking locomotives.

October 20, 2015