Fears of a strike or lockout at West Coast ports have forced some shippers to move their cargo destinations to Canadian or East Coast ports, the FT reports.» Read More
HOUSTON, Feb 20- BNSF Railway Co plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest standards adopted by the industry more than two years ago, the unit of investor Warren Buffett's Berkshire Hathaway Inc said on Thursday.
VANCOUVER, Feb 14- A Canadian government-backed review of the type of rail car involved in last year's deadly Lac-Megantic crash found that industry, regulators and shippers could do more to ensure the safety of the cars that carry crude across North America.
CALGARY/ TORONTO, Feb 14- Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery crashes.
CALGARY, Feb 12- Canadian National Railway is charging shippers more to transport crude oil in older tank cars, one of the first signs that rail operators are actively discouraging use of the type of cars involved in several dramatic explosions.
TORONTO, Feb 5- Canadian National Railway Co reached a deal on Wednesday to avert a strike by conductors and yard workers after the Conservative government said it would use back-to-work legislation to keep the country's biggest railway operating.
TORONTO, Feb 5- Canadian National Railway Co said on Wednesday the union representing 3,000 of its workers gave notice it intends to strike as early as Saturday, threatening one of the country's most important transport networks.
BOSTON, Jan 31- Hedge fund manager William Ackman sold 7.3 million shares in Beam Inc this week, according to a regulatory filing on Friday, trimming his holdings three weeks after the share price spiked on news of a planned takeover by Japanese whiskey maker Suntory Beverage& Food Ltd.
TORONTO, Jan 30- Canadian National Railway Co, the country's largest rail operator, reported higher quarterly earnings on Thursday, saying its full-year volumes and revenue hit record highs, but the results were tempered by extreme winter weather in December and came in slightly below estimates.
TORONTO, Jan 30- Canadian National Railway Co, the country's largest rail operator, reported higher quarterly results on Thursday and said full-year volumes and revenue hit a record, but results were tempered by extreme winter weather in December and came in slightly below estimates.
*Adjusted earnings per share C $1.91 vs estimated C $1.95. TORONTO, Jan 29- Canadian Pacific Railway, the country's second largest railroad, reported record quarterly results on Wednesday despite taking a hit from extreme winter weather in December.
TORONTO, Jan 29- Mile-long trains carrying crude oil will likely keep chugging through North American cities even after a string of fiery disasters spurred safety officials to urge that railways send risky cargo along less populated routes.
*Adjusted earnings per share C $1.91 vs estimated C $1.95. TORONTO, Jan 29- Canadian Pacific Railway, the country's second largest railroad, reported a weaker-than-expected quarterly profit on Wednesday, but forecast adjusted earnings would climb at least 30 percent in 2014 as revenue rises.
*Fourth-quarter adjusted earnings per share C $1.91 vs est C $1.95. Jan 29- Canadian Pacific Railway, Canada's second largest railway, reported a five-fold jump in fourth-quarter profit, as freight revenue rose 7 percent.
Jan 29- Canadian Pacific Railway, Canada's second largest railway, reported a five-fold jump in fourth-quarter profit, as freight revenue rose 7 percent. Net profit rose C $82 million, or 47 Canadian cents per share, in the fourth quarter, from C $15 million, or 8 Canadian cents, a year earlier. Revenue was up 7 percent to C $1.6 billion.
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