Canadian Pacific Signals Proxy Fight
The stage is set for a proxy battle between Canadian Pacific Railway Ltd. and Norfolk Southern Corp. after the Canadian company’s $28 billion acquisition bid was again rejected last week by the U.S. company, according to Canadian Pacific’s own signals and analysts’ comments.
December 14, 2015Groups Praise Requirement For Port Efficiency Metrics
Industry groups generally welcomed a FAST Act provision that would require the U.S. Department of Transportation to create performance metrics to reduce delays at major ports, speed future cargo flow and prevent a recurrence of delays that plagued ports over the past year.
December 14, 2015After 34 years, Montana Coal Rail Line Project Remains in Limbo
A 34-year effort to build a coal-hauling rail line across the eastern Montana prairie finally may be at an end after the owners of the Tongue River Railroad asked the Surface Transportation Board to put its approval process on hold.
December 7, 2015Growth of Web-Based Sales Lifts Start of Holiday Season
The early holiday shipping season featured more online purchases, which could help to ensure smooth package delivery flow, experts said.
December 7, 2015Canadian Pacific Presses for Deal; Target Norfolk Southern Is Mum
Two weeks after Canadian Pacific Railway Ltd. proposed a $28 billion combination with Norfolk Southern Corp., the prospective buyer continues to campaign for a deal, but there was no sign last week that one would materialize.
December 7, 2015John Lyboldt to Take Reins as TCA President; Auto Dealer Executive Succeeds Brad Bentley
Automotive executive John Lyboldt has been appointed president of Truckload Carriers Association, becoming the third leader of the education-focused group in the past 18 months.
December 7, 2015Norfolk Southern Rejects $28.1 Billion CP Merger Offer
Norfolk Southern Corp. soundly rejected Canadian Pacific Railway Ltd.’s $28 billion merger proposal, labeling the offer “grossly inadequate and not in the best interests of shareholders.”
December 4, 2015October Tonnage Gains 2%
Stubbornly high inventories limited October truck tonnage growth to 2% from the same month of last year, signaling that the plodding pace of freight continues, American Trucking Associations reported.
November 30, 2015November Freight Trends Show Improvement, but Fleets Unsure About Pre-Holiday Peak
November freight trends generally are improving, most fleet executives and experts say, but a repeat of the strong 2014 pre-holiday freight peak that bolstered fleets appears to be more hope than fact so far.
November 30, 2015TCA Picks John Lyboldt as New President
The Truckload Carriers Association has selected John Lyboldt, a senior vice president at the National Automobile Dealers Association, as its new president.
November 25, 2015