WASHINGTON — The Surface Transportation Board’s Office of Environmental Analysis has extended the public comment period for environmental impact statement of the Canadian Pacific to Jan. 3, 2022. Comments were originally due today (Dec. 17, 2021). The extension reflects requests for additional time to comment, the Office of Environmental Impact said in the notice issued […]
Do railroad mergers live up to the hype? It’s a question that’s been rattling around in my head as federal regulators review the Canadian Pacific-Kansas City Southern merger, the first between Class I railroads in two decades. First, the projections. Within three years of the merger, Canadian Pacific Kansas City expects to gain 80,000 carloads […]
ROSELLE, Ill. — Eight Chicago suburbs are forming a coalition to voice concerns over the potential increase in rail traffic through their communities if the Canadian Pacific-Kansas City Southern merger is approved. The suburban Daily Herald reports Roselle, Elgin, Barlett, Hanover Park, Schaumburg, Itasca, Wood Dale and Bensenville are asking residents to submit comments to […]
KANSAS CITY, Mo. — Kansas City Southern’s sale to Canadian Pacific has officially been completed, allowing the KCS shares to be placed into a voting trust while the deal is reviewed by federal regulators. The $31 billion deal sees KCS stockholders receive 2.884 shares of CP common stock and $90 in case for each share […]
TORONTO — The landmark Canadian Pacific Building, once the headquarters of what was billed as “The World’s Greatest Transportation System” and the tallest building in Canada upon its completion in 1913, could be converted to residences under a plan filed with the City of Toronto by the current owners. The website Daily Hive reports that […]
VANCOUVER, British Columbia — The Canadian government will help fund an engineering study of capacity improvements for a Canadian Pacific rail line in Vancouver as part of a series of projects to improve container traffic in and around the Port of Vancouver. The study will look at improvements on the CP line connecting intermodal and […]
KANSAS CITY, Mo. — Kansas City Southern shareholders today overwhelmingly approved the railway’s proposed merger with Canadian Pacific. Some 99.6% of shareholders who voted at a special meeting today approved the $31 billion deal. The transaction is expected to close on Dec. 14. After closing, KCS stockholders will receive $90 in cash and 2.884 CP […]
NEW ORLEANS — A senior Canadian Pacific official told New Orleans and Baton Rouge, La., civic leaders on Wednesday that the railroad will permit a single passenger round trip between the two cities, without any infrastructure improvements, if CP’s merger with Kansas City Southern is approved by the Surface Transportation Board. James Clements, Canadian Pacific’s […]
CALGARY, Alberta — Canadian Pacific shareholders today overwhelmingly approved the railway’s proposed merger with Kansas City Southern. KCS shareholders will vote on the $31 billion deal on Friday. Some 99.9% of CP’s investors voted in favor of the issuance of 277 million CP common shares to Kansas City Southern’s common stockholders. CP shareholders also approved […]
ENSIGN, Alberta — No injuries were reported when 39 cars of a Canadian Pacific train derailed early Monday morning near the community of Ensign. Global News reports the accident occurred about 1:35 a.m., according to the railroad. The Vulcan County, Alta., website reported that some cars involved carried residual amounts of anhydrous ammonia or liquid […]
REGINA, Saskatchewan — A long-running battle between Canadian Pacific and the province of Saskatchewan is leading to an effort to amend the provincial constitution to remove a disputed tax loophole for the railroad. The Canadian Press reports CP is suing the province for $341 million in taxes it has paid, arguing it is exempt from […]
NEW YORK – Canadian Pacific’s first hydrogen fuel cell locomotive, a converted SD40-2F dubbed H2 0EL for “hydrogen zero-emissions locomotive,” will roll under its own power by the end of the year and then enter test service next year, CEO Keith Creel says. CP’s homebuilt locomotive test bed, along with its headquarters solar array and other […]
