CHICAGO — The Canadian Pacific-Kansas City Southern merger has gone smoothly over the past two years — until a long-planned computer system cutover last month in former Kansas City Southern territory in the U.S. CPKC Chief Operating Officer Mark Redd says the cutover — during which CP’s operations system replaced the old KCS system and […]
CALGARY, Alberta— CPKC took delivery of five new Wabtec ET44AC locomotives over the weekend, the first batch of a 100-unit order. All of the Tier 4 locomotives, which are being built at Wabtec’s assembly plant in Fort Worth, Texas, are scheduled for delivery by the end of the year. CPKC released a video yesterday showing […]
CALGARY, Alberta — CPKC will be premiering its short film of Canadian Pacific No. 2816’s 2024 tour this fall. The Calgary International Film Festival, scheduled Sept. 18-28, will set the stage for a public screening of Pulse of the Continent: Final Spike Steam Tour. The 48-minute documentary was produced by the Class I railroad, covering […]
CALGARY, Alberta — A Canadian arbitrator has delivered his decision setting terms of new collective bargaining agreements between Canadian Pacific Kansas City and the Teamsters Canada Rail Conference’s train and engine and rail traffic controller divisions. The contract, retroactive to Jan. 1, 2024 and running through Dec. 31, 2027, includes annual wage increases of 3%. […]
NEW YORK — What will it take for railroad stocks to outperform the broader market again? Is the industry stuck in a particularly long and challenging cyclical downturn — or has something fundamentally changed within the Class I railroads? Wolfe Research analyst Scott Group put these questions to CPKC CEO Keith Creel at the Wall […]
NEW YORK – The reduction in U.S.-bound shipments from China after steep tariffs were imposed in April has yet to show up in J.B. Hunt’s intermodal volumes. “Our volumes have been steady,” J.B. Hunt Intermodal President Darren Field told an investor conference on Tuesday. Importers rushed to beat tariff deadlines earlier this year, then paused […]
NEW YORK – Executives from Canadian National, CPKC, CSX, and Norfolk Southern poured cold water on talk about potential Class I railroad mergers during an investment conference this week. Mergers have become a hot topic in some railroad boardrooms in recent months amid stagnant rail volume, revenue, and stock prices. Some see a U.S. transcontinental […]
It’s been two years since CPKC CEO Keith Creel drove the ceremonial final spike at Knoche Yard in Kansas City to celebrate the merger of Canadian Pacific and Kansas City Southern. The symbolic event marked what rail executives, regulators, and analysts all expected would be the last merger involving two Class I railroads. But now […]
Despite mounting uncertainty over tariffs, trade policy, and the economy, most major railroads held firm on their 2025 outlooks — contrasting with a wave of guidance cuts across other industries. Among the five publicly traded Class I railroads, Canadian National, Norfolk Southern, and Union Pacific kept their guidance intact, while Canadian Pacific Kansas City and […]
FIELD, British Columbia — The Transportation Safety Board of Canada will investigate the derailment of a CPKC train early this morning near Field, the agency has announced. The TSB said it will send a team of investigators to gather information and assess the occurrence, which occurred about 4:30 a.m. today (May 1, 2025) about 12 […]
CALGARY, Alberta — Canadian Pacific Kansas City executives say they are encouraged by discussions with the Federal Railroad Administration about rolling out new track and train inspection technology. It’s a turnabout for the FRA, which during the Biden administration stymied Class I railroad efforts to combine automated track and equipment inspections with traditional visual inspections […]
CALGARY, Alberta — Canadian Pacific Kansas City reported higher first-quarter revenue and profits today as it carried more freight, but the railway also reduced its full-year outlook due to lingering uncertainty over tariffs and trade policy. “We’re undoubtedly off to a strong start in 2025 and we’re experiencing a strong start to the second quarter […]
