KANSAS CITY, Mo. — Kansas City Southern says it will adjourn its scheduled stockholders meeting, which had been set for Friday to consider Canadian National’s merger agreement, as a result of Tuesday’s Surface Transportation Board decision to deny a voting trust while the CN-KCS plan was undergoing regulatory scrutiny. That meeting is set for 9 […]
WASHINGTON — Federal regulators Tuesday rejected Canadian National’s request to put Kansas City Southern into a voting trust, dealing a serious blow to the first merger between Class I railroads in two decades. The Surface Transportation Board’s decision that placing KCS into a voting trust was not in the public interest may prompt the railroads […]
WASHINGTON – CSX Transportation’s proposed acquisition of Pan Am Railways threatens the viability of the former Boston & Maine Hoosac Tunnel route that provides competition for CSX’s own New England main line, Canadian Pacific has told federal regulators. The vast majority of CP’s traffic to and from New England runs via Mechanicville, N.Y., and the […]
NEW HAMPTON, Iowa — Canadian Pacific emergency crews remained on site Sunday, addressing a Saturday derailment of six locomotives and 11 cars of a CP train near New Hampton. Canadian Pacific reports that one car carrying anhydrous ammonia derailed into floodwaters and leaked product. “Supporting and working closely with local emergency response officials, our priority […]
ST. PAUL, Minn. — The National Transportation Safety Board is sending investigators to the site of a Wednesday collision involving Canadian Pacific, Union Pacific, and BNSF Railway trains. The Associated Press reports the accident occurred about 5 p.m. Wednesday, with a Canadian Pacific spokesman saying it led to the derailment of two CP locomotives, one […]
CHICAGO — Infrastructure and supply-chain firm Savage has opened a new transload facility at Canadian Pacific’s Bensenville, Ill., yard. The CPT Chicago Transload facility offers direct access to rail lines and major highways including Interstates 290, 294, and 355, as well as State Route 390, the Elgin-O’Hare Tollway. “We’re excited to work with CP to […]
CHICAGO — The North American Rail Shippers Association has added an online participation option to its annual meeting, to be held in Chicago Sept. 7-9. “To make attending as convenient as possible we have added online options because we know there is still uncertainty about traveling due to COVID-19,” NARS President Tom Tisa said in a […]
CP Pacific type One of Canadian Pacific’s 173 G3 Pacifics steams east out of Calgary station with a regional train in June 1949. One track over, a mountain observation car has just been added to the westbound Dominion’s tail. Walter H. Thrall Jr. photo […]
LYTTON, British Columbia — A woman who lost her home in the fire that destroyed most of Lytton, B.C., in June has filed suit against Canadian National and Canadian Pacific, saying the railroads “caused or contributed” to the fire by operating when the heat made it unsafe to operate trains. Global News reports Carel Moiseiswitsch […]
KANSAS CITY, Mo. — Kansas City Southern has followed through on plans to delay its vote on Canadian National’s merger offer, pending a ruling from the Surface Transportation Board on the voting trust that is a key portion of the merger plan. KCS stockholders were set to vote on the deal Thursday, but that is now […]
EDMONTON, Alberta — An undetected rail defect led to a Canadian Pacific derailment in September 2019 that saw petroleum products spill from three tank cars, the Transportation Safety Board of Canada has determined. The Sept. 27, 2019 derailment near Blackfalds, Alberta — approximately 8.4 miles north of Red Deer and 88 miles south of Edmonton […]
KANSAS CITY, Mo. – Two influential shareholder advisory firms say that Kansas City Southern shareholders should abstain from voting on the Canadian National merger proposal until federal regulators make a key ruling. Institutional Shareholder Services and Glass Lewis, which advise large investment firms regarding proxy votes, have recommended that KCS shareholders abstain until after the […]
