CN and Canadian Pacific say they’re ready for an anticipated grain volume rebound in the new crop year that runs from Aug. 1 to July 31.
Canadian Pacific executives on the company’s second-quarter 2022 earnings call discussed precision scheduled railroading, synergies with Kansas City Southern and intermodal strength in the second half of the year.
The Canadian government wants the railways to submit details on how they will maintain equipment when it gets cold in winter as part of a rail safety initiative.
Senators and two U.S. House representatives from Illinois object to the railway merger between Canadian Pacific and Kansas City Southern as currently proposed, saying the Surface Transportation Board should respond to their constituents’ concerns.
The Surface Transportation Board will conduct a three-day hearing in late September to find out from Canadian Pacific and Kansas City Southern directly about issues related to the railways’ proposed merger.
Kansas City Southern de Mexico will invest nearly $200 million in a railway bypass. The railroad will have exclusive rights to the bypass for 10 more years.
The STB is sifting through hundreds of pages on the perceived advantages and disadvantages of a merger between Canadian Pacific and Kansas City Southern.
The Canadian government says it will fund infrastructure projects in Saskatchewan and Ontario, as well as research into how the railways can respond to climate-induced events.
Congressmen back calls from fertilizer and agricultural products shippers to improve freight rail service, plus news about a new federal grant program to eliminate railroad crossings and updates on CN and Canadian Pacific.
Three commissioners of the Federal Maritime Commission contend a merger between Canadian Pacific and Kansas City Southern would result in diverting U.S.-bound intermodal traffic to Canadian ports.
Canadian Pacific believes its acquisition of Kansas City Southern is still on pace to receive federal approval sometime early next year.
The Transportation Safety Board of Canada has released the results of its investigation into a fatal February 2019 grain train derailment. But Canadian Pacific refutes some of the findings.
Four Class I railroads have donated funds to support humanitarian relief efforts in Ukraine and surrounding areas. Also, U.S. and European rail sector officials form a task force to support Ukrainian freight and passenger rail.
Canadian Pacific Railway and the Teamsters union agreed to settle a labor dispute through binding arbitration, averting a supply chain crisis.
The shutdown of Canadian Pacific’s rail network is putting additional strain on the supply chain as shipments grind to a halt with backups looming at ports.
The railway has issued a 72-hour notice to the Teamsters Canada Rail Conference that it would lock out its members from working starting Sunday should labor agreement negotiations fail.
CP and the Teamsters Canada Rail Conference are still in talks over a new labor agreement. The union had said earlier this month that a strike could occur as early as Wednesday.
Calls for the Canadian government to head off a strike at Canadian Pacific are coming from both sides of the U.S.-Canada border.
Canadian Pacific is launching an international intermodal service between Mexico and Chicago, while state DOTs and Amtrak say a $31 million federal grant will add to existing passenger rail service and improve freight efficiency.
Bill Ackman, Pershing Square founder and CEO, has been acquiring shares of Canadian Pacific, according to SEC filings and news reports.
