Canadian Pacific Railway

Canadian Pacific’s net income fell 3% in the third quarter.

Canadian Pacific Railway will pay $312 million for full ownership of a 1.6-mile tunnel linking U.S.-Canada via Detroit and Windsor

CN and Canadian Pacific say they’ll use communication and technology to grapple with winter’s operational challenges.

The deal comes amid wider efforts from both companies to expand their reach and increase supply chain efficiency.

Canadian Pacific and CN say the deepwater ports are key to gaining market share.

The railway hopes to build its intermodal presence in the East and bolster the network serving Toronto, Montreal and the U.S. Midwest.

Fastfrate plans to build up U.S. to Canada cross-border business after acquiring small cross-border carrier Bestway, CEO says.

Canadian Pacific’s and CN’s estimates of grain they expect to haul in 2020-2021 is in line with past projections.

Despite a 12% drawdown in volumes, CP reached a record second-quarter operating ratio of 57%.

The COVID-19 pandemic dampened second-quarter revenue by 9%.

With no end in sight to the pandemic in North America, BMWED says railroads should enhance worker safety.

June grain volumes and second-quarter movements were records for both CN and CP.

With the second half of the year just weeks away, Class I rail executives are eyeing at least some recovery in rail volumes as shelter-in-place restrictions ease.

Investments in recent years to expand capacity along their western Canadian grain networks have paid off for Canadian Pacific and CN.

CP has said the acquisition of the U.S. and Canadian operations of the short line railroad would boost CP’s reach into eastern Canada, as well as grow CP’s network into about 13,000 miles coast-to-coast over six Canadian provinces and 11 U.S. states.

Precision scheduled railroading and its workforce will help CP get through anticipated challenges in the second quarter, company executives said.

The railway’s first-quarter net income slipped on higher income tax expenses. But total revenue rose nearly 16% in the first quarter of 2020 while operating expenses were roughly flat-to-higher.

Investigators with the Transportation Safety Board are urging Transport Canada to consider revising track maintenance regulations since broken rail is appearing as a possible cause for two recent crude train derailments.

The new orders require “higher-risk key trains” to slow down their speed in the wintertime.

The Canadian railways will have the network capacity to accommodate any sudden surges in demand once the coronavirus pandemic subsides, their executives said.