CPKC CEO Keith Creel says the railroad, which reported higher revenue and profits for the first quarter, is “off to a strong start” for the year.
Investors’ overreaction to seasonal volatility may represent a buying opportunity, Citi says.
Union Pacific might be running the smoothest rail network.
CPKC delivers on 2024 guidance of double-digit earnings growth, despite economic uncertainties and tariff threats.
The year’s five biggest U.S.-Canada cross-border supply chain stories include Pride Group’s bankruptcy, as well as railway and port strikes.
It could take the two largest Canadian railroads a week or more to recover from the effects of a shutdown that briefly stalled billions in freight including transborder trade with the United States.
CN said it received no response from Teamsters after making a final contract offer in a bid to avoid service disruption.
While contract talks between Canadian National, Canadian Pacific Kansas City and union employees continue, a rail shutdown would reverberate through the supply chain connecting Canada and the U.S.
Amid lockout and strike notices, contract bargaining continues as Ottawa makes a push for both sides to come together on a new rail labor contract.
Canada’s busiest import gateway is managing port fluidity as railroads issue lockout notices, and Teamsters are warning of a planned strike as the latest contract talks fail.
– With labor negotiations at a standstill, a Canadian rail strike is likely to occur in late August, Canadian Pacific Kansas City CEO Keith Creel said Tuesday.
Canadian Pacific Kansas City had a gangbuster second quarter as
merger-related traffic synergies kicked in faster than expected and boosted revenue and profits,
executives said on Tuesday.
Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.
Teamsters Canada said negotiations with Canadian National Railway Co. and Canadian Pacific Kansas City have stalled over issues of pay and working conditions.
Canada-based Bison Transport is partnering with CPKC to provide cross-border intermodal service between Canada, the U.S. and Mexico.
Mexico orders private freight rail companies to prioritize passenger service over their normal freight operations.
A leading industry conference in New York about the state of railroads was unusually positive this year.
Outgoing STB Chair Martin Oberman had harsh words for Union Pacific at the RailTrends conference.
Norfolk Southern is asking the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to consolidate their applications on plans to create a Mexico-Southeast U.S. corridor. Doing so would provide greater insight on freight and passenger rail impacts, NS argues.
Uncertainties over consumer demand and inflation rates are causing Canadian Pacific Kansas City to adopt a more cautious stance as 2024 approaches.
