News Summary............. Various. 27th March 2012

International Railway Journal

Green to launch counterattack in battle for CP THE president and CEO of Canadian Pacific Railway (CP), Mr Fred Green, will today mount a counterattack against a campaign to oust him by Mr Bill Ackman, CEO of a US hedge fund called Pershing Square Capital Management which has a 14.2% shareholding in CP. Ackman believes CP is under-performing - its operating ratio of 81.3% is the worst of the six North American Class 1 railways - and he wants to replace Green with former Canadian National CEO, Mr Hunter Harrison.

Network Rail selects four ETCS development partners BRITAIN's infrastructure manager, Network Rail (NR), has agreed framework deals with Ansaldo STS, Infrasig, Invensys Rail, and Signalling Solutions to develop and design ETCS Level 2 signalling and train control for use in Britain.

Network Rail awards Great Western electrification contract

BRITISH infrastructure manager Network Rail has awarded Amey a five-year contract for electrification work on the Great Western Main Line (GWML).   www.railway-technology.com   Crossrail shortlists five firms for major tunnel fit-out contractCrossrail has shortlisted five companies for the £400m contract to design and provide track installation and equipment for London's new Crossrail network tunnels.                            Crossrail's Canary Wharf station box completedCanary Wharf Group (CWG) has completed construction work on Crossrail's Canary Wharf station box in the UK five months ahead of schedule allowing tunnelling work to begin in 2013.       www.progressiverailroading.com      US Railroad News   New on ProgressiveRailroading.com: Rail traffic graphics Maryland officials OK $21.3 million contract for MARC train storage facility, note February ridership record Gov. Cuomo, New York lawmakers agree to fund MTA capital plan Province to divest Ontario Northland Transportation Commission, cease passenger-rail service Nation needs to upgrade transportation infrastructure now, treasury department report shows Amtrak reaches milestone on Niantic River bridge project Haeg joins Rio Grande Pacific as VP of marketing New Mexico Rail Runner to expand weekend service