Latest News
This page presents developments that relate to issues examined by CARS.
Five to bid for Indian inter-city EMU contract
INDIAN Railways (IR) held a pre-bid conference on September 30 for the five shortlisted consortia bidding to supply 17 20-car inter-city EMUs in a contract worth an...
Election 2015: Leaders respond to Ottawa mayor's survey
The four main federal political parties have already made clear their stances on key local issues, so their responses to Ottawa Mayor Jim Watson’s questionnaire, released...
WTO cuts 2015 global trade forecast
GENEVA—Slumping imports in China, currency market swings and falling commodities prices have led the World Trade Organization to cut its forecast for global trade in 2015...
H.R. 3651: PTC relief?
That whooshing sound you may have heard early on Wednesday, Sept. 30 was a collective sigh of relief expelled by everybody... To view the full article please click here
SNC to sell interest in Madagascar nickel project for $600M
MONTREAL—SNC-Lavalin has announced it will exercise its option to sell its 5 percent stake in the Ambatovy Nickel Joint Venture Project in Madagascar to one of its...
Canadian Pacific acquires Steelcare Inc.
CALGARY, Sept. 29, 2015 /CNW/ - Canadian Pacific Railway Limited (TSX:CP) (NYSE:CP) has acquired Steelcare Inc., Canada's largest steel transload facility... To view the...
Canada's Railroads Test Future Leaders With CEOs on the Mend
Canada’s two largest railroads are giving investors a glimpse of what the future may hold by putting second-in-commands in charge while health issues sideline the chief...
Marmon Holdings Aquires Railroad Tank Car Assets of GE Railcar Services
Marmon Holdings, Inc. has reached a definitive agreement with General Electric Capital Corporation... To view the full article please click here.
Canadian dollar sits at 11-year low
TORONTO—The Canadian dollar was little-changed and U.S. index futures were positive ahead of the North American stock market open... To view the full article please click...
Transit and transportation rank high on election priority list for local voters
It’s a problem that has gripped the Greater Toronto and Hamilton areas: Highways and arterial roads are gridlocked. Commuters are in a jam. Traffic is costing businesses...
Next-gen manufacturing grabs the limelight on second day of CMTS
TORONTO—Though Canada’s traditional manufacturing sector dominated the first day of the Canadian Manufacturing Technology Show... To view the full article please click...
Progress Rail to acquire RPS from Amsted
Progress Rail Services Corp., a Caterpillar company, on Sept. 28, 2015 entered into a definitive agreement to purchase Rail Product Solutions, Inc. (RPS) from Amsted Rail...