Outside work keeps CPR shop humming

Article Abstract:

Canadian Pacific Railway Co. of Calgary, Alberta, wants its 800 maintenance workers to perform outside work. Giving the shops work other than maintaining the company's locomotives will eliminate the lean times and generate additional revenues. A company spokesperson said the shops can perform a variety of jobs, including welding, metal fabrication, sheet metal work, electronics and truck repairs. A marketing campaign has been launched, urging companies in Alberta to bring their work to CPR. The campaign has already borne fruit as the company has signed a contract to provide 42 transcontinental locomotives to the London, Ontario-based Diesel Division of General Motors of Canada Ltd.

Comment:

Wants its 800 maintenance workers to perform outside work

Canadian Pacific Railway Ltd.

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Trimac eyes 'smaller acquisitions' to solidify position

Article Abstract:

Trimac Corp., based in Calgary in Alberta, Canada, is seeking acquisition deals of a smaller scale to solidify its position as one of the leading trucking companies for the transport of bulk commodities in North America. Although company president and CEO Jeff McCaig declined to reveal which companies are being targeted for acquisition, he reports that he has signed 10 or 15 confidentiality agreements with firms that interest Trimac. The acquisitions are expected to be in Trimac's two main specialties, truck fleet management and bulk commodities.

Comment:

Is seeking acquisition deals of a smaller scale to solidify its position in bulk-commodities trucking market in North America

General Freight Trucking, Long-Distance, General Goods Intercity Transport, Long haul trucking, Trimac Corp.

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Investors applaud CN job cuts, approve competitive strategy

Article Abstract:

Canadian National Railway Co. (CN)'s latest round of layoffs and fundamental changes were approved by investors. The company's planned job reductions call for elimination of 3,000 workers by the end of 1999. Like the majority of other railways in North America, CN is effecting a fundamental transformation in order to poise an effective competition against ships, trucks and other railways. On Oct. 21, 1998, CN's stock, which is traded on the Toronto Stock Exchange, increased by C$3.05, closing at C$75.05 on 452,778 shares in volume.

Comment:

Its latest round of layoffs and fundamental changes are approved by investors

Canada, Labor force information, Canadian National Railway Co.

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