Thomas Black and Frederic Tomesco

Business, Logistics

CSX Investors Are All Ears for Harrison Pitch to Run Carrier

Luke Sharrett/Bloomberg News

If most CSX Corp. investors are like Sandy Pomeroy and T.J. McConville, Hunter Harrison will probably have a fourth railroad to run.

January 25, 2017
Business, Logistics

Railroad Profit Rebound Plays Catch-Up to Yearlong Stock Surge

Luke Sharrett/Bloomberg News

With U.S. railroads forecast to report their first earnings growth since 2015, a stock rally that began in anticipation of the profit rebound is looking overdone.

January 17, 2017
Business

Canadian Pacific Earnings Exceed Estimates on Cost Cutting

Don MacKinnon/Bloomberg News

Canadian Pacific Railway reported second-quarter earnings that topped analysts’ estimates as the carrier reduced costs by cutting jobs and running longer trains to make up for a cargo slump.

July 20, 2016
Logistics

Norfolk Southern Finds Allies in Spurning Canadian Pacific Takeover Bid

Luke Sharrett/Bloomberg News

Norfolk Southern Corp. is gaining political and customer support for rejecting Canadian Pacific Railway Ltd.’s takeover bid, which could make it harder for the Canadian company and investor Bill Ackman to wage a proxy fight.

January 11, 2016