NEW YORK — Wall Street analysts are approaching 2025 with questions for railroad executives about pricing, inflation, wages, the operating ratio, and, to a lesser extent, geopolitics. Officers of Class I railroads fielded questions with these themes during the recent third-quarter earnings calls, likely their last official remarks to analysts this year. In 2024, railroads […]
VANCOUVER, British Columbia — Canadian Pacific Kansas City has ordered an additional 98 fuel cell engines for its hydrogen locomotive program, supplier Ballard Power Systems announced today (Dec. 5). The 98 engines each are capable of generating approximately 200 kilowatts, giving the total order about 20 megawatts of power. Ballard has previously supplied approximately 10 […]
PALM BEACH, Fla. — Canadian Pacific Kansas City CEO Keith Creel is confident that free trade will continue in North America despite President-elect Donald J. Trump’s threat to impose 25% tariffs on goods imported from Mexico and Canada. U.S. trade with Mexico and Canada has grown since the Trump-driven USMCA trade agreement replaced NAFTA and […]
BENTLEY, Alberta — Genesee & Wyoming Inc. today celebrated the launch of its first railroad in western Canada, the 43-mile Red Deer Railway Limited. RDR runs from Jackson, Alberta, to Homeglen, Alberta, and uses operating rights over Canadian Pacific Kansas City from Red Deer, Alberta, to Chigwell, Alberta, and to Prentiss, Alberta. A direct interchange […]
Okay let me be the first to say, I am childless. However when a friend of mine told me that he and his wife were expecting, I immediately started to wonder what they would name the child. The next day I brought up the idea to a colleague and said that I thought Norfolk would […]
CALGARY, Alberta — Canadian union Unifor will vote on a potential strike against CPKC, saying negotiations with the railroad have reached an impasse. The union’s 101R, which represents approximately 1,200 CPKC employees nationwide in mechanical trades, said in a Friday, Nov. 29, announcement that it would hold the strike vote “in the coming weeks.” The […]
President-elect Donald Trump’s plans to impose 25% tariffs on goods imported from Mexico and Canada could have a chilling impact on cross-border rail traffic, which has been one of the few sources of volume growth for North American Class I railroads. Trump announced the plans last night in a social media post, saying that he […]
NEW YORK – Here are notes, quotes, and quips from the annual RailTrends conference, held Nov. 14-15. CPKC plans to build more hydrogen fuel cell locomotives Canadian Pacific Kansas City CEO Keith Creel says the railway’s handful of hydrogen fuel cell locomotives are proving themselves in revenue service every day. There are a lot more […]
NEW YORK — If there’s a silver lining to the spate of labor disruptions that have affected Canadian railways and ports over the past 15 months, it’s that Ottawa now recognizes there’s a problem. “That’s the first step in fixing it,” Canadian National CEO Tracy Robinson told the RailTrends conference last week. CN executives were […]
NEW YORK — The RailTrends conference in New York has been called the greatest single collection of rail investors in one place, and has featured in recent years a level of introspection by an industry that hasn’t grown much despite regular promises to do so. But the event this year wrapped up Friday with presentations […]
NANTES, Quebec — Officials in a community on the route of the proposed Lac-Mégantic rail bypass have withdrawn from talks with the Canadian government about the project. The CBC reports that the municipal council in Nantes — which passed a resolution opposing the bypass in January 2023 — decided at a meeting on Tuesday, Nov. […]
OTTAWA — Canada’s labor minister has ordered port employees back to work in British Columbia and Quebec after negotiations between unions and terminal operators reach an impasse. “I have directed the Canada Industrial Relations Board to order that all operations and duties at the ports resume and to assist the parties to settle their collective […]
