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Dec
28

Metrolink installs antimicrobial air filters on rail cars

Dec
28

FRA, RailTEC investigate crosstie spike fastener failures

Dec
28

Ontario government issues RFPs for Ontario Line subway project

Dec
28

AAR praises stimulus bill, short-line tax credit measure

Dec
28

Inglewood issues DEIR for proposed elevated light-rail line

Dec
28

Metro-North, LIRR and New Mexico Rail Runner complete PTC implementation

Dec
28

Metro-North, LIRR, New Mexico Rail Runner complete PTC implementation

Dec
28

Intermodal gain bolsters U.S. rail traffic in Week 51

Dec
23

RailTrends 2020 recap — by Tony Hatch

Dec
23

Rail supplier news from 360 Transit Alliance, Wabtec, Keolis, Bombardier OneRail, Cubic and HDR (Dec. 23)

Dec
23

NORTA takes over streetcar operations, maintenance

Dec
23

Port NOLA to buy land for new container terminal

Dec
23

U.S. Class I workforce contracted in November, STB data shows

Dec
23

Caltrain CEO Hartnett to step down

Dec
23

CP completes purchase of Detroit River Rail Tunnel

Dec
23

CP completes purchase of Detroit River Rail Tunnel

Rail News Home Canadian Pacific 12/23/2020 Rail News: Canadian Pacific
Canadian Pacific announced yesterday it has completed its acquisition of an 83.5% stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the benefit pension plan for Ontario municipal employees.CP previously owned a 16.5% stake in the tunnel. The purchase price for the remaining stake is $312 million, subject to closing adjustments, CP officials said in a press release.The Class I announced in October that it would acquire full ownership of the 1.6-mile tunnel, which links Windsor, Ontario and Detroit. The acquisition will reduce the railroad's operating costs related to traffic movements through the tunnel, CP officials have said.OMERS first invested in the Detroit River Tunnel partnership in 2001.

Contact Progressive Railroading editorial staff.

More News from 12/23/2020


Dec
23

CTA Red Line extension enters next phase of development

Dec
23

CN, CP exceed grain revenue limits for 2019-2020 crop year

Dec
22

SEPTA union criticizes COVID quarantine policy

Dec
22

Metrolink's board elects new leadership