Freight

CP increases 2013 capital investment

Canadian Pacific (CP) will move forward certain capital spending projects originally targeted for 2014 into this year, funded by a higher than anticipated 2013 cash-flow projection. CP will be investing an additional CA$75 (US$74.8) to CA$100 (US$99.7) million into its 2013 capital investment program.

UP earns logistics award

Union Pacific (UP) earned Nissan Motor Company’s 2012 Logistics Carrier Conference Logistics Success Story Award, which identifies carriers and providers that went above and beyond normal expectations in the past year.

Watco names new COO

Watco Mechanical Services (WMS) named Mark Peterson-Overton as chief operating officer. He will be responsible for managing all hands-on operational aspects of Watco Mechanical Services on a daily basis.

KCS promotes Darin Selby

Kansas City Southern (KCS) promoted Darin Selby to vice president energy markets and shortline partner relations. Selby is responsible for the coal business unit, shortline partner relations and developing business in the emerging energy markets, such as crude oil, frac sand and alternative energy sources.

UP named 2012 Rail Carrier of the Year

Lowe’s Home Improvement named Union Pacific its 2012 Rail Carrier of the Year, making this the second consecutive year UP won this award and the third time overall since Lowe’s began its rail carrier recognition program in 2009.