Canadian Pacific Railway

Kansas City Southern's board of directors spurned Canadian Pacific's revised offer to acquire KCS, but it could also hold off on a vote that would seal KCS' commitment to merge with CN.  KCS (NYSE: KSU) late Thursday determined that CN's (NYSE: CNI) bid to acquire KCS is still the "superior...

Canadian Pacific (NYSE: CP) is asking the board of directors of Kansas City Southern (NYSE: KSU) to reject a competing merger offer from CN (NYSE: CNI) once and for all. The company has also indicated that it will not seek to compete with CN's revised offer. Both CN and CP are seeking to acquire...

The Surface Transportation Board's decision on Monday to hold Canadian railway CN's (NYSE: CNI) petition to acquire Kansas City Southern (NYSE: KSU) to a higher regulatory standard has emboldened both CN and rival Canadian Pacific (NYSE: CP). Both CN and CP are seeking to acquire Kansas City...

Canadian Pacific (NYSE: CP) plans to construct a new multi-commodity transload terminal near Montreal as part of its wider plans to reach eastern markets that are not very rail accessible. CP will work with TYT Group, a freight transportation service provider headquartered in Quebec, to develop...

Canadian Pacfic (NYSE: CP) hauled an all-time monthly record of grain and grain products volumes in October, the railway said on November 12. CP moved 2.66 million metric tonnes (mmt), beating a previous monthly record of 2.64 mmt in April of this year.  The railway attributed its the use of new...

U.S. stocks reversed early morning gains following a fatal shooting of a Canadian soldier in the nation's capital and a subsequent gunfight inside Canada's Parliament. Declining oil prices was also cited as a factor for the poor performance in equities on Wednesday following the release...

U.S. stocks started the week on a positive note as all three major indices ended the day in positive territory. Dow component IBM reported a disappointing third quarter along with a cautious outlook weighing down the entire Dow index. The Nasdaq benefited from high expectations over Apple's...

U.S. markets began the week on a negative note after markets sold off in the final two hours of trading on no major news catalyst. The S&P 500 fell through its 200-day moving average of 1,905, a key technical level for fundamental investors and traders. The last time the index broke its 200...

By and large, the short interest in railroad stocks rose during the first two weeks of December. The number of shares sold short in Canadian National Railway (NYSE: CNI), Canadian Pacific Railway (NYSE: CP), CSX (NYSE: CSX), Kansas City Southern (NYSE: KSU) and Norfolk Southern (NYSE: NSC)...

Wednesday's earnings warning from rail transport company Norfolk Southern (NYSE: NSC) not only has its stock lower on Thursday, but it appears to have dragged down others in the industry as well. Of course, U.S. markets are lower in general Thursday as well. The Norfolk, Virginia-based rail...