hunter harrison Archives - Canadian Cattlemen

Railway CEO Hunter Harrison, 73

By Christian Plumb December 18, 2017

New York | Reuters –– CSX Corp. CEO Hunter Harrison has died, the U.S. freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive it hired earlier this year to boost its profits had taken a medical leave of absence. Harrison, 73, died “due to unexpectedly severe complications […] Read more

Crops, Machinery, Reuters

CSX customers demand end to shipping bottlenecks

By eric-m-johnson October 11, 2017

Reuters — The head of No. 3 U.S. railroad CSX promised on Wednesday to improve service as companies such as Cargill demanded greater accountability and fewer delays, criticizing an overhaul CSX launched six months ago. Customers have complained of longer transit times, unreliable switching operations, inefficient car routings and poor communications with CSX customer service. […] Read more

Crops, Machinery, Reuters

CSX tackling service issues, CEO tells rail regulator

By Nick Carey August 29, 2017

Detroit | Reuters — CSX Corp. said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad. In a letter released by the regulator on Monday, CSX […] Read more

Crops, Reuters

Activist investor activity reignites rail merger hopes

By Michael Flaherty January 20, 2017

Reuters — Shares of railway operator CSX Corp. soared 20 per cent on Thursday after an activist investor’s plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. Investors rushed to bid up shares of CSX after news reports that former Pershing Square partner Paul Hilal […] Read more

Crops, Machinery

CP’s revenue, Prairie grain handle down for year

By Canadian Cattlemen Staff January 19, 2017

A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what’s turned out to be CEO Hunter Harrison’s last year on the job. Calgary-based CP on Wednesday announced full-year net income of $1.599 billion on $6.232 billion in gross revenues, up from $1.352 billion on $6.552 […] Read more

Crops

U.S. activist investor Ackman leaves CP board

By Reuters September 7, 2016

Bill Ackman, the U.S. activist investor who usurped the leadership of Canadian Pacific Railway in 2012, is leaving the Calgary company’s board after his hedge fund sold off its remaining stake last month. Ackman, who heads New York-based Pershing Square Capital Management, joined CP’s board in 2012 and served on its finance and corporate governance […] Read more

Crops, Machinery, Reuters

U.S. Justice Dept. urges rejection of CP voting trust

By Nick Carey, Tim Ahmann April 9, 2016

Reuters — The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway (CP) has proposed as part of its takeover bid for U.S. railway Norfolk Southern, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for the Virginia-based company, which […] Read more

Crops, Machinery, Reuters

CP revises offer for Norfolk Southern, rebuffed again

By Allison Lampert, Euan Rocha December 8, 2015

Reuters — Canadian Pacific Railway (CP) on Tuesday revised its bid to buy U.S. railroad operator Norfolk Southern Corp, less than a week after its prior $28.4 billion proposal was rejected but the new offer was promptly rejected again. Calgary-based CP said it was now offering $32.86 in cash and 0.451 of a share in […] Read more

Crops, Machinery, Markets, Reuters

As clock winds down, CP’s CEO hunts for his dream deal

By Allison Martell, Nick Carey October 17, 2014

Toronto/Chicago | Reuters — Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway (CP), but he still has unfinished business — creation of a consolidated North American railway — and is running out of time to do it. That might explain why CP, Canada’s […] Read more

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Tag Archives hunter harrison

Railway CEO Hunter Harrison, 73

CSX customers demand end to shipping bottlenecks

CSX tackling service issues, CEO tells rail regulator

Activist investor activity reignites rail merger hopes

CP’s revenue, Prairie grain handle down for year

U.S. activist investor Ackman leaves CP board

U.S. Justice Dept. urges rejection of CP voting trust

CP revises offer for Norfolk Southern, rebuffed again

As clock winds down, CP’s CEO hunts for his dream deal

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