CALGARY, Alberta – Canadian Pacific Kansas City bucked the industry trend by posting fourth-quarter gains in volume, operating income, and revenue. “I am proud of how our team of incredible railroaders finished this transformational year with a strong fourth quarter, allowing CPKC to deliver volume growth and best-in-class earnings growth in 2023,” CEO Keith Creel […]
WASHINGTON — In the latest twist in a long-running Chicago interchange dispute, federal regulators yesterday ruled that it’s unreasonable for Canadian National to unilaterally designate the Belt Railway of Chicago’s Clearing Yard as the location where it will exchange traffic with rival Canadian Pacific Kansas City. It’s the second time that the Surface Transportation Board […]
WINNIPEG, Manitoba – Bison Transport has reached an agreement with Canadian Pacific Kansas City to provide cross-border intermodal service linking Canada, the U.S., and Mexico. “Our relationship with CPKC positions Bison to be the leading multimodal freight solutions provider that can service Canada, the United States, and Mexico,” Rob Penner, Bison Transport President and CEO, […]
LOWELL, Ark. — J.B. Hunt Transport Services Inc. announced the addition of Patrick Ottensmeyer to its board of directors. Effective Jan. 12, 2024, the former Kansas City Southern CEO will serve on the board’s Compensation Committee and Nominating and Governance Committee, according to a recent news release. Beginning in 2006, Ottensmeyer held multiple leadership roles […]
A railroad webcam captured dramatic video and audio of a Canadian Pacific Kansas City merchandise train that stalled on a grade in Iowa on Friday — and then began rolling back downgrade toward a BNSF Railway train that was occupying the at-grade junction of the two main lines in Ottumwa. After a few tense minutes, […]
LOMBARD, Ill. — One final batch of notes from this week’s Midwest Association of Rail Shippers Winter Meeting, marking the organization’s 100th anniversary: Blending cultures Merging railroads can be difficult, simply as a matter of blending cultures. The Penn Central merger famously was hindered by the clashing views of longtime competitors Pennsylvania and New York […]
Last year’s merger of Canadian Pacific and Kansas City Southern, the two smallest Class I systems, has turned out to be the little spark that has ignited a lot of railroad competition. Skeptics have scoffed at Canadian Pacific Kansas City’s meandering route from the Midwest to the Mexican border at Laredo, Texas. It’s got more […]
LOMBARD, Ill. — The man behind the rail industry’s burst of cooperative competition (or, if you prefer, competitive cooperation) came to the Midwest Association of Rail Shippers Winter Meeting — an event focusing a lot of attention on such alliances — and said it was all good. Understandably, CPKC CEO Keith Creel said his company’s […]
The Panama Canal Railway, which saw a 20% increase in container traffic last summer due to drought conditions affecting water levels in the Panama Canal, got another boost this week. Maersk, the largest container shipping line, announced yesterday that shipments bound to and from Australia and New Zealand are being diverted to the Panama Canal […]
You know it’s been a big news year when the first merger of Class I railroads in more than two decades — and likely the last — is judged the No. 3 story of 2023. In a typical year, Canadian Pacific’s $31 billion acquisition of Kansas City Southern would have topped the headlines. The Surface […]
Canadian National, Canadian Pacific Kansas City, and Union Pacific have been named to the World and North America Dow Jones Sustainability indices released earlier this month, while CSX is on the North America list. For CN, it was the 12th consecutive year on the world list and 15th on the North America list. CPKC’s inclusion […]
CALGARY — The CPKC Holiday train raised a record C$1.8 milion and collected more than 160,000 pounds of food for local food banks during four weeks of travel across the United States and Canada, the railroad has announced. The Holiday Train program, which has completed its 25th year, raised more than $24.3 million and collected […]
