Guess what everyone is doing at Canadian Pacific HQ in Calgary? The place is like a besieged city that has sent up the white flag and now waits for the invading army to enter the gates and plunder. So yes, copier machines are running off copies of...

RailAmerica, the conglomeration of 45 short line and regional railroads, is for sale. Fortress Investment Group, which took RA private in 2007, has employed Deutsche Bank to find a buyer for its majority (56 percent) interest in the company, several...

“It’s sealed,” a securities analyst emailed me today about the fight to control the future of Canadian Pacific. Institutional Shareholder Services had condemned the stewardship of CP by its present board of directors and recommended...

When you leave Fort Sumner, N.M., on U.S. 60, there's a turnoff to an unnamed, unmarked, unsigned road that hugs BNSF Railway’s Transcon toward the west coast for 61 miles, to Vaughn, N.M. I am not recommending you take it, because it is...

There is a beautiful hillside overlook near Curtis, Okla., where westbound freights on BNSF Railway’s Transcon must labor mightily to overcome a long 1 percent grade. I was standing there this morning with my fellow traveler, Tom Hoback, president...

Pressure is mounting on the warring parties battling over the leadership of Canadian Pacific to negotiate a truce prior to the scheduled May 17 annual meeting and shareholder vote for directors. That pressure is greatest on the board of directors of...

As we drive through the Kansas Flint Hills, toward Emporia, I turn to Tom Hoback and say, “Wouldn’t it be cool to encounter some really bad thunderstorms tomorrow — maybe see a tornado?” Tom gives me a look that says, why do...

I lived on the Atlantic Coast for a quarter century before I admitted that eastern railroads really are railroads and actually deserving of some affectionating. Today my wife says the CSX North End Subdivision in southern Virginia is “Fred’s...