The railway has started reaching out to First Nations groups and the broader public to share its plan.
CP will serve Hapag-Lloyd at the New Brunswick port through 2025.
As a major shareholder of CN and CP, TCI Fund Management has submitted proposals for climate action. TCI also requested shareholder votes on climate plans at yearly meetings.
CP’s partnership with Maersk is starting early, with the first vessel coming into Vancouver in December versus March 2021.
Railroads are leveraging automation and evaluating assets to improve fuel efficiency. Corporate climate goals are on the rise as railroads increase their conservation and emission-reducing efforts.
U.S. carload traffic on a weekly basis was 3.1% lower last week on a year-over-year basis and 1.7% higher sequentially.
A railroad from Mexico’s Port of Mazatlan to Winnipeg, Manitoba, would require enhanced container-handling facilities at both sites.
Exports drive Canada grain volumes higher.
The railroad has 1,000 acres it can develop with partnering customers.
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 Port of Montreal is expected to reopen Sunday after longshore workers and employers agreed on a seven-month truce to hash out a new contract.
The railway hopes to build its intermodal presence in the East and bolster the network serving Toronto, Montreal and the U.S. Midwest.
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.
