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CALGARY — Fundraising efforts for the CP Women’s Open golf tournament have raised more than C$3.3 million for two hospitals in British Columbia over the last two years, Canadian Pacific has announced. More than $2.8 million has supported equipment purchases and research at BC Children’s Hospital in Vancouver, while another $557,000 has gone to Kamloops […]
Precision Scheduled Railroading has become a target for members of Congress, federal regulators, shippers, and rail labor. Hunter Harrison’s low-cost operating model — in place on all of the Class I railroads except BNSF Railway — has come under criticism as rail traffic has rebounded from pandemic lows. Intermodal terminals faced monumental congestion this summer. […]
DAVENPORT, Iowa — Officials in the cities of Davenport and Bettendorf, Iowa, have told the Surface Transportation Board that increased traffic from the proposed Canadian Pacific-Kansas City Southern merger will have “very real and detrimental impacts,” with Davenport’s mayor and aldermen asking that an STB member visit before the board acts to see how the […]
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 […]
