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Keith Creel, Canadian Pacific CEO Canadian Pacific CALGARY, Alberta — The Alberta government’s plan to open the province’s oil spigot by acquiring its own fleet of locomotives and tank cars raises more questions than it answers, Canadian Pacific CEO Keith Creel says. “I know that they have the best of intentions, but the reality, some […]
CALGARY, Alberta — Canadian Pacific posted record financial results for the fourth quarter and full year on Wednesday, propelled by robust revenue growth and spikes in potash and energy-related traffic. CEO Keith Creel said “2018 was a record by almost every measure and will be remembered as a watershed year for our company.” For the […]
CALGARY, Alberta — Canadian Pacific CEO Keith Creel does not believe that the spread of Precision Scheduled Railroading to U.S. Class I railroads will increase regulatory risk for the industry. “There’s always a risk and we have to manage that. And I think you manage that by educating the regulators as well as the customers […]
VANCOUVER, B.C. — The Canadian Transportation Agency announced on Monday that it will investigate rail freight performance in the area of Vancouver, British Columbia — the first time it is using its new authority to launch such investigations. Canadian National and Canadian Pacific responded with statements defending their performance in the Vancouver area, with CP […]
MARCO ISLAND, Fla. – Three Class I railroads presented 2019 capital plan information during Wednesday’s final day of the National Railroad Contractors and Maintenance Association Conference. While none yet had approved dollar figures to offer for their 2019 capital spending, all offered some notable information. A westbound train exits Mount Macdonald Tunnel in September 2007. […]
WAUKESHA, Wis. — Canada’s two Class I railroads are dealing with derailments in tight places on Thursday. Canadian National was first at about 9 a.m. Central time Thursday when locals reported hearing a derailment in Manitoba. Railroad crews soon reported to an “incident” that involved two trains east of Portage la Prairie, Man. A CN […]
Isabelle Courville, CP Chairman-elect Canadian Pacific CALGARY, Alberta — Canadian Pacific has named Isabelle Courville to lead its board of directors beginning in May, when current Chairman Andrew Reardon will step down. “The board’s governance committee has been working closely with both Andy and Isabelle on a smooth transition. We are very proud to have […]
Check out the 2018 Canadian Pacific Holiday Train at Milwaukee with Trains‘ Editor Jim Wrinn! You’ll see the spectacle of the train arriving under the recently rebuilt train shed and the fabulous musical performers that travel with the train thanks to special access granted to Trains by Canadian Pacific. The train has gathered 4.3 million […]
Check out the 2018 Canadian Pacific Holiday Train at Milwaukee with Trains‘ Editor Jim Wrinn! You’ll see the spectacle of the train arriving under the recently rebuilt train shed and the fabulous musical performers that travel with the train thanks to special access granted to Trains by Canadian Pacific. The train has gathered 4.3 million […]
Keith Creel, Canadian Pacific CEO Canadian Pacific PALM BEACH, Fla. — Canadian Pacific will renew its locomotive fleet by continuing to rebuild stored high-horsepower AC-traction units in 2019 and 2020 before considering the purchase of new power, CEO Keith Creel says. “We’re not in the market at all for new locomotives,” Creel told an investor […]
Keith Creel, Canadian Pacific CEO Canadian Pacific NEW YORK — Class I railroad mergers are unlikely to occur in 2019, but if two of the major systems were to combine the most likely pairing would be between CSX Transportation and Canadian Pacific, a Wall Street analyst wrote in a research note this week. “We believe […]
An over-sized load trailer and a Canadian Pacific locomotive after they collided in Indiana on Wednesday. Indiana State Police news release BUTLER, Ind. — Indiana law enforcement agencies are investigating how an oversized semi load being escorted by Indiana State Police was struck by a northbound freight train at a grade crossing in Butler this […]
