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Canadian Pacific CEO defends railway's handling of Western grain backlog

CALGARY - The head of Canadian Pacific Railway is taking on critics who say his company hasn't done enough to move a record Western Canadian grain crop to market. In full-page ads in the Globe and Mail and National Post newspapers on Thursday, CEO Hunter Harrison said he wants to "set the record straight" on how the railway has managed shipments during a particularly nasty winter. Canada's two major railways — CP (TSX:CP) and Montreal-based Canadian National Railway (TSX:CNR) — have been accused of making oil and other products a higher priority than grain.

Boston commuter rail operator sues after losing renewal contract

BOSTON (Reuters) - The Massachusetts Bay Commuter Railroad Co, which lost a multibillion-dollar bid to continue operating Boston's commuter rail system, said on Thursday it asked a judge to block the winner Keolis' contract, citing problems with its application.

American Eagle jet from Dallas makes emergency landing at North Texas airport; no injuries

GREENVILLE, Texas - An American Eagle jet flying from Dallas-Fort Worth International Airport to Illinois has made a safe emergency landing at a small North Texas airport amid reports of smoke in the cabin. American Airlines spokeswoman Laura Masvidal says nobody was hurt on Flight 3400, which was bound Wednesday night for Moline (moh-LEEN'), Ill, but diverted to Greenville Municipal Airport-Majors Field. The plane landed in Greenville, 60 miles northeast of DFW airport, about an hour after takeoff.

NY fines CSX Railroad $10,000 over oil train derailments; says CSX didn't report within 1 hour

ALBANY, N.Y. - The New York state Department of Transportation has fined CSX Railroad $10,000, saying it failed to report two oil train derailments within an hour of when they happened as required by state law. A Feb. 25 derailment in Kingston involved empty rail cars that had contained crude oil. A Feb. 28 derailment at the Selkirk yard near Albany involved a train loaded with crude oil. The cars remained upright and nothing spilled.

Five killed by armed group in northern Colombia

Five people were killed Wednesday by an armed group that invaded a farm in northern Colombia, the public defenders office said in a statement. A sixth person was also injured in the attack which occurred in the pre-dawn hours in Bonda, on the outskirts of the city of Santa Marta, the office said, calling on police and prosecutors to quickly "clarify the circumstances around these events." The victims -- three men and two women -- "were surprised by individuals carrying long-range weapons" on the property and immediately shot, the statement said.

Buffett says some crude oil more dangerous than expected, railroad tank cars must change

OMAHA, Neb. - Investor Warren Buffett says it's clear that railroad tank cars carrying crude oil need to be updated because oil from certain regions has the potential to be more dangerous than previously thought. Buffett appeared on CNBC Monday after releasing his letter to Berkshire Hathaway shareholders Saturday. Buffett owns BNSF railroad and a manufacturer of tank cars. Buffett says the crude oil from the Bakken oil field in North Dakota and Montana and the Eagle Ford oil field in south Texas has proven more volatile than anticipated.

Upbeat Buffett eyes big acquisitions after record Berkshire profit

By Luciana Lopez and Jonathan Stempel NEW YORK (Reuters) - Warren Buffett on Saturday signaled he plans to make more large acquisitions for Berkshire Hathaway Inc to expand his conglomerate, which posted a record profit in 2013 with the help of a recovering U.S. economy. "America's best days lie ahead," Buffett, 83, said in his annual letter to Berkshire shareholders.

Amtrak's Empire Builder train to resume normal operations in North Dakota

BISMARCK, N.D. - Amtrak is expected to resume normal operations through Grand Forks, Devils Lake and Rugby in North Dakota this week. U.S. Sen. John Hoeven has announced that the change will go into effect Saturday. The Republican from North Dakota says reliable rail service is essential in the state because of its growing economy and population.

Saskatchewan wants Ottawa to act on grain negotiations to clear backlog

REGINA - Saskatchewan wants the federal government to immediately oversee talks between grain and rail companies about getting grain to port, even as railways give assurances they will ramp up service. Economy Minister Bill Boyd led a delegation that met with Canadian National (TSX:CNR) and Canadian Pacific rail (TSX:CP) officials to talk about ways to get a backlog of grain moving. He says the railway companies told him they're adding "thousands more grain cars per week" and will keep that up until at least December.

Saskatchewan wants Ottawa to act on grain negotiations to clear backlog

REGINA - Saskatchewan wants the federal government to immediately oversee talks between grain companies and railways to set parameters for getting grain to port. Economy Minister Bill Boyd says there need to be service agreements with penalties for grain companies and railways to ensure service levels. Boyd led a delegation that met with Canadian National (TSX:CNR) and Canadian Pacific rail (TSX:CP) officials last week to talk about ways to get a backlog of grain moving.
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