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Canadian National power leads a westbound empty oil unit train through River Forest, Ill., on the Union Pacific on Aug. 25, 2018. TRAINS: David Lassen Canadian National and Canadian Pacific are cautiously optimistic that Alberta crude oil shipments will rise significantly this year if production curtailments are eased and the province’s crude-by-rail contracts are shifted […]
WASHINGTON — The Surface Transportation Board has ordered Canadian National and Canadian Pacific to participate in oral arguments next month to settle their simmering dispute over the location of their interchange in Chicago. In a decision late Friday, the board directed CN and CP to participate in an Aug. 6 oral argument in Washington. The […]
CALGARY, Alberta — Canadian Pacific reported record quarterly earnings and revenue today as the railway carried record volumes and led the industry in traffic growth. CP’s operating income jumped 31%, to $822 million, as revenue surged 13%, to nearly $2 billion. CP reported earnings per share, adjusted for one-time items, of $4.36, a 36% increase […]
WASHINGTON — Canadian National and Canadian Pacific have asked federal regulators to step in after they failed to settle their Chicago interchange dispute through a mediation period that ended on Thursday. In a July 3 letter to the Surface Transportation Board, CP requested a preliminary injunction that would order CN to maintain the interchange at […]
‘Selkirk’ rests beneath the Calgary skyline. Canadian Pacific CALGARY, Alberta – Canadian Pacific dome car Selkirk entered service with the railroads Heritage Fleet this summer after an extensive rebuilding. The ex-Southern Pacific dome was rebuilt in the former locomotive shop at Ogden Yard in Calgary under the supervision of Kevin Hrysak, senior manager of heritage […]
Canadian Pacific was the clear winner in second quarter traffic growth among the big six Class I railroad systems. CP carried 6% more carloads in the quarter, led by double-digit gains in its potash, forest products, and energy, chemicals and plastics business segments. The only CP traffic segments not to grow were coal, which was […]
CALGARY — Canadian Pacific was named Best Logistics Service Provider, Rail, at the Asian Freight Logistics and Supply Chain Awards held earlier this week in Hong Kong. CP was the only North American railroad nominated for the award. Customers provide the nominations. “Canadian Pacific is honored to be recognized by our customers with this award,” […]
GOLDEN, British Columbia — Canadian Pacific has been fined $31,500 (Canadian) by the Province of British Columbia for a pollution violation, the Coast Mountain News reports. The penalty, for failure to comply with terms of a waste discharge permit, was assessed in the third quarter of 2018. A CP spokesman told the news site the […]
VANCOUVER, British Columbia — Canadian Pacific has opened a new auto shipping facility on 19 acres of CP-owned land adjacent to its Vancouver Intermodal Terminal. The Vancouver Automotive Compound has capacity for 36 auto racks and nearly 1,200 vehicle bays. “Vancouver is Canada’s primary automotive gateway for Asian imports and one of the largest destination […]
CALGARY, Alberta — For the second year in a row, Canadian Pacific has pulled an international intermodal contract away from rival Canadian National. CP today announced that it would begin hauling Yang Ming Marine Transport’s containers at the Port of Vancouver, British Columbia, effective Jan. 1, 2020. The contract with the Taiwan-based steamship line […]
CHICAGO — Canadian National officials seek to double-track 4.27 miles of former Elgin, Joliet & Eastern track to speed the flow of freight and bypass Chicago’s congested rail hub, but the plan is facing a regulatory hurdle and growing opposition from municipalities and residents. CN, acting under its Wisconsin Central Limited Railroad subsidiary, has applied […]
CP CEO Keith Creel Canadian Pacific BOSTON — Shippers will eventually rally behind Precision Scheduled Railroading, Canadian Pacific CEO Keith Creel says, which could one day lead to a merger of two like-minded Class I systems. “Right now there’s pushback with PSR because customers don’t understand it. Change is always scary. Some railroads have done […]
