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Old August 25th, 2011, 08:14 PM   #141
hkskyline
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"Ages" For crying out loud, it's forever been like this! The federal Railway Act privileges railway owners by not obliging them to be, e.g., installing footbridges, etc., etc.

Crummy quality to your coffee, eh?
Railways in Canada have not been around "forever". But they have been around for "ages".

Are you talking about the Railway Safety Act :
http://www.tc.gc.ca/eng/acts-regulat...-1985s4-32.htm

People with legal training like me tend to like things to be a bit more exact.
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Old August 25th, 2011, 08:18 PM   #142
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You just don't get it, do you? The mind-bogglingly stodgy Act has never had any other form

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Come to think of it (afterthought), the Sussex-NB type of report is useful, for it reveals who might be worthwhile at suggesting they themselves get to badgering the bigger authority/ies into revising the Act...
I won't be surprised if there'll be more of that type of excessive crap being reported
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Last edited by trainrover; August 25th, 2011 at 11:14 PM. Reason: afterthought...
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Old August 26th, 2011, 02:57 AM   #143
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As opposed to the apparatus itself, maybe it's the terminology that's purely improvised


linked to webpage hosting image
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Old August 26th, 2011, 03:47 AM   #144
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Originally Posted by trainrover View Post
You just don't get it, do you? The mind-bogglingly stodgy Act has never had any other form


Come to think of it (afterthought), the Sussex-NB type of report is useful, for it reveals who might be worthwhile at suggesting they themselves get to badgering the bigger authority/ies into revising the Act...
I won't be surprised if there'll be more of that type of excessive crap being reported
I suggest you look at original sources, which are the most up-to-date. Transport Canada does not list a Railway Act of Canada that is currently in law. Your link refers to some 1898 legislation that I don't think applies anymore. Otherwise it would appear in both Transport Canada and the Department of Justice.

Laws do get repealed, so you need to look at the latest sources.

http://www.tc.gc.ca/eng/acts-regulations/acts.htm#r

The nearest match is the Railway Safety Act.

You can replicate the search on the Department of Justice website to yield the same results.

http://laws-lois.justice.gc.ca/Search/Search.aspx

I wouldn't rely on other third-party sources, especially a library-type search that turns up all sorts of out-of-date legislation like the one you quoted. I'm surprised you don't understand your source better before using it.
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Old August 26th, 2011, 10:05 PM   #145
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Blech ...the Railway Safety Act was the popular one of the two that I'd come across...really cheeky for devising the term safety into the act's title when stark safety deficits abound for all to see, e.g., the following image reveals the first level crossing encountered outbound along two intercity routes barely three miles from the city centre terminus where fencing's still an issue about 20 years since the removal of the six other tracks (same weather today ):-

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Old August 27th, 2011, 04:46 PM   #146
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Blech ...the Railway Safety Act was the popular one of the two that I'd come across...
And the one you picked was the outdated one. You didn't check whether the law you google'd up was still current and applicable? Of course the one that is current and applicable would be more popular and relevant, hence has more hits. No law school for you ...
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Old August 28th, 2011, 12:32 AM   #147
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As though I've ever claimed the act being up-to-date Your tone does remind me of some Quebec cabinet minister recently refusing to release reports on the deplorable state of the province's road network because doing so would've been beyond the public's comprehension.
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Old August 28th, 2011, 05:36 PM   #148
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As though I've ever claimed the act being up-to-date Your tone does remind me of some Quebec cabinet minister recently refusing to release reports on the deplorable state of the province's road network because doing so would've been beyond the public's comprehension.
So you decided to bring forth a severely-outdated act for what purpose? Does it have a take on rail crossings and track safety barriers that today's people can learn from?
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Old August 28th, 2011, 10:10 PM   #149
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Dare you to show us what might be --uhm-- learned from perpetuating speed restrictions
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Old September 7th, 2011, 08:32 PM   #150
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News on the radio today mentioned the inauguration of Le Massif de Charlevoix tourist train de luxe that cost approximately $250 million Cdn, of which Québec covered (Inauguration?!? supposedly, the first excursion's gonna be taking place Friday )

Really, Quebec oughtta be ashamed of its daft priorities.


Meanwhile, its neighbour's demonstrating far more passenger-rail ambitions than itsy-ditsy Quebec itself is:-



Or, how about? even fast-forwarding to 3'38" of this here 6'52"-long interview of theirs, probably all in response to the following clickable AP news report:

State Wants To Restore Passenger Rail Service To Montreal


Back to VPR's interview, fast-forward to 4'25" to hear the interviewed Burlington Free Press reporter reveal wishes/intentions to make the Montreal end (of a reactived The Montrealer ) the "security station" for both arriving and departing passengers ... just exactly when did since Quebec abandon its very own salaciousness, huh?!?
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Rising costs derail Train de l'Est project

Price tag for long-awaited commuter line soars to $665 million, report says


Yet yesterday's news reported $4.1 billion being spent this year for roadworks, with many further $ billions spent prior years

On a brighter note, however, MP Olivia Chow will be tabling her private member's bill on creating a national public-transport policy sometime this month.

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Last edited by trainrover; September 8th, 2011 at 11:02 PM. Reason: The Montrealer (not The Vermonter)
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Old November 3rd, 2011, 06:42 PM   #152
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..
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For the first time, the Mount Royal tunnel was revamped in the mid-90s with better lighting, central gangway, new catenary (conversion from 3KV DC to 25KV AC [I believe]), although now this; the article fails to note the Mascouche train (Train de l'Est) being axed some months ago due to becoming too costly, plus --unlike this evening's radio-- isn't mentioning boring a spur toward Park Ex to serve St-Jérôme-bound (Blainville) trains:

Mount Royal rail tunnel still awaits safety upgrades

‘You’d execute 1,800 people, all the passengers on a train,’ in event of fire, consultant said in 2009



clickable...
These folks (authorities?) do not know what they want. With only ten trains per weekday, none weekends, why bore a spur when it would be far less costly to retrack the far shorter chord a couple of miles farther north that would oblige expropriating a fraction of the car park owned (leased?) by the box store ... they could compensate by building a multi-storey car park themselves:
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Old November 18th, 2011, 07:45 PM   #153
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Old November 19th, 2011, 10:36 PM   #154
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16 Nov 2001
Feds rule out high-speed rail funding for Windsor-Quebec corridor
Harper's one helluva saboteur ...
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Old November 20th, 2011, 03:13 AM   #155
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Old November 29th, 2011, 11:23 AM   #156
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Canadian Pacific Gains 37% as China Beats Rail Margins: Real M&A

Nov. 2 (Bloomberg) -- Shareholder losses are transforming Canadian Pacific Railway Ltd., the least efficient railroad in North America, into a takeover candidate with the promise of a 37 percent payoff.

Shares of the rail operator, which hauls coal, grain and fertilizer bound for China across six Canadian provinces and 13 U.S. states, are “undervalued and are an attractive investment,” according to activist hedge-fund manager William Ackman, who bought a 12.2 percent stake and intends to hold talks with management. Canadian Pacific was the only railroad to suffer losses in the past year as rivals gained 18 percent.

Even after bad weather in western Canada and the industry’s highest operating expenses versus sales made Canadian Pacific less profitable than any other North American railroad, it may still attract interest from Warren Buffett and Canadian pension funds, according to IHS Global Insight and Caldwell Securities Ltd. While Ackman said yesterday that he’s not pushing for a sale, Canadian Pacific could ultimately get as much as C$85 a share in a takeover, Highmark Capital Management Inc. said.

“There’s huge value to these assets and they’re underutilized and underperforming,” Todd Lowenstein, a money manager who helps oversee about $16 billion at Highmark Capital, said in a telephone interview from Los Angeles. “Vultures tend to circle when your stock’s been an underperformer. It’s kind of standing out as the ugly duckling. There’s an opportunity for margin enhancement.”

Avalanches, Mudslides

Ackman, who runs New York-based Pershing Square Capital Management LP, said in a telephone interview yesterday that Canadian Pacific “is not a case where we’re pushing to sell the company.” He declined to comment on what his strategy would be for the Calgary-based rail operator.

Ed Greenberg, a spokesman for Canadian Pacific, declined to comment on whether it is considering a sale.

Canadian Pacific climbed 0.2 percent to C$62.37 in Toronto today. The shares closed at C$62.22 yesterday, 6.7 percent less than its price a year ago. The nation’s second-largest railroad has lagged behind its biggest competitors even after rebounding in October with its largest ever monthly gain.

Among so-called Class 1 freight rail operators in North America, or those with $250 million or more in annual operating revenue after adjusting for inflation, Kansas City Southern had the biggest advance with a 42 percent gain in the past 12 months. Canadian National Railway Co., the country’s largest operator, climbed 19 percent, data compiled by Bloomberg show.

Operating Expenses

Canadian Pacific’s earnings have been hurt as extreme snow and rain that caused avalanches, mudslides and flooding in parts of Canada and the U.S. snarled some of its 14,800 miles of rail operations, according to Brian Yarbrough, a St. Louis-based analyst with Edward Jones & Co.

Net income declined in each of the last three quarters -- with its first-quarter profit slumping by the most in seven years -- because of higher operating costs as Canadian Pacific had to reroute shipments onto other railways and spend more on fuel for the weather-related detours.

The additional costs left its operating ratio, or how much of its sales are used to cover operating expenses, at 75.8 percent last quarter, the highest proportion among its largest competitors, data compiled by Bloomberg show.

Canadian Pacific’s trailing 12-month profit margin of 10.6 percent was also the lowest in the group, the data show.

‘Through the Mountains’

“The weather was very bad this year in western Canada,” John Kinsey, a Toronto-based fund manager for Caldwell Securities, which oversees C$1 billion ($980 million) in assets, said in a telephone interview. “It was very rainy and affected the Canadian Pacific lines going through the mountains. That interrupted travel time.”

One day after shares of Canadian Pacific slumped to an almost two-year low on Sept. 22 amid the profit slump, Pershing Square, Ackman’s $10 billion hedge fund firm, began buying the stock, according to a regulatory filing disclosed last week.

The 45-year-old money manager, who invests in companies he deems undervalued and then urges changes he says will boost returns, is now Canadian Pacific’s biggest stockholder with more than 20 million shares including options.

The disclosure of Ackman’s stake sparked speculation that Canadian Pacific may now face pressure to sell some or all of itself. In the past year, Pershing Square has bought stakes of more than 10 percent in Fortune Brands Inc., the maker of Jim Beam bourbon now know as Beam Inc. after a spinoff, and J.C. Penney Co., the third-largest U.S. department store chain.

Edward Jones’ Yarbrough said that Ackman is interested in Canadian Pacific because “there’s a lot of upside to the earnings” if the company can lower its operating ratio.

Buffett, Bakken Shale

“That means a lot of earnings power over the next few years and that’s where the bull case lies,” he said.

Buffett could be a potential buyer, according to Charles Clowdis, managing director of transportation advisory services at forecaster IHS Global Insight in Lexington, Massachusetts.

The 81-year-old billionaire investor and chairman of Berkshire Hathaway Inc. spent $26.5 billion in 2010 to buy Fort Worth, Texas-based railroad Burlington Northern Santa Fe in his largest purchase. Buffett didn’t respond to a request for comment e-mailed to his assistant, Carrie Kizer.

Acquiring Canadian Pacific would give Burlington Northern access to the Bakken shale oil formation centered in North Dakota, according to IHS Global’s Clowdis.

“It makes a lot of sense” for Burlington Northern and Buffett, Clowdis said in a telephone interview. Canadian Pacific “would fill them out nicely,” he said.

‘Commodity Play’

Energy companies are pursuing unconventional oil assets such as Bakken shale as the cost for finding and developing the fuel for the largest U.S. producers surged more than sixfold in the past decade, data compiled by Bloomberg show.

In 2000, Burlington Northern scrapped a plan to merge with Canadian National Railway after the carriers decided they couldn’t wait for the U.S. to lift a moratorium on rail deals.

Canadian Pacific may also lure a consortium of Canadian pensions, according to Caldwell Securities’ Kinsey. Such a group may have an easier time winning regulatory approval than a non- Canadian buyer, he said.

The Canadian government rejected Melbourne-based BHP Billiton Ltd.’s $40 billion hostile takeover of Saskatoon, Saskatchewan-based Potash Corp. of Saskatchewan a year ago after the province said the sale would cut jobs and tax revenue.

Canadian Pacific would be an attractive asset because its shipments of metallurgical coal, an ingredient used in steelmaking, for delivery to Asia are poised to increase.

Exports of metallurgical coal from Canada are estimated to climb 38 percent by 2015, driven by demand from China, the world’s fastest growing major economy, according to an Oct. 4 report from Credit Suisse Group AG.

“They’re a great commodity play,” Lee Klaskow, an analyst with Bloomberg Industries in Skillman, New Jersey, said in a telephone interview. “They haul grain. They haul coal. They haul sulfur and fertilizer. It’s a play on exporting to its trading partners in the U.S. and obviously going off to Asia.”
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Old December 2nd, 2011, 06:46 PM   #157
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Old December 2nd, 2011, 06:52 PM   #158
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Old December 2nd, 2011, 06:55 PM   #159
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Old December 2nd, 2011, 06:59 PM   #160
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