CALGARY, Alberta — Canadian Pacific and Kansas City Southern executives say combining their railroads into the first system linking Canada, the U.S., and Mexico will generate significant traffic growth across all commodities. “What a historic day,” CP CEO Keith Creel said during a Sunday afternoon investor webcast where executives touted the $29 billion deal to create […]
CALGARY, Alberta — Canadian Pacific’s proposed acquisition of Kansas City Southern will unite the two smallest Class I railroads and create the only North American system that will operate in the U.S., Canada, and Mexico. The combination of the 12,500-mile CP and 6,700-mile KCS, announced today, is a classic end-to-end merger: The railways currently interchange in […]
CALGARY — Canadian Pacific will buy Kansas City Southern in a cash and stock transaction worth approximately $29 billion, CP has confirmed. Financial Times first reported the story Saturday night. In an announcement posted Sunday morning, CP said the deal has the approval of both boards of directors, and confirms the previously reported price valuing […]
Cuyahoga Valley Scenic Railroad to resume operation May 1 Ohio’s Cuyahoga Valley Scenic Railroad will resume operation May 1 with National Park Scenic rides operating through Cuyahoga Valley National Park. Trains will operate three days a week (Friday through Sunday) in May and five days a week (Wednesday through Sunday) beginning in June. “We look […]
Caltrain schedule changes include two more weekday trains Caltrain will make schedule changes as of March 22, adjusting its weekday and weekend schedules to support regional transit connections. In a press release, the commuter railroad says the changes will maintain connections with BART at the Millbrae Transit Center to coincide with BART’s March 22 schedule […]
Hitachi Rail finalizes contract to build up to 800 DC Metro cars Hitachi Rail has received a contract worth up to $2.2 billion to build new 8000-series railcars for the Washington Metropolitan Transit Authority, finalizing a decision and setting financial terms for a deal first reported in October. The initial contract with DC Metro is […]
Union Pacific’s Fritz says railroad’s process of getting vaccine for workers has been complex Union Pacific CEO Lance Fritz says railroad employees have begun receiving COVID-19 vaccinations, but that the process is a challenging one. “We serve 23 western states, and in every state the process to get a vaccine into an arm is different,” […]
Crew misunderstanding, lack of ‘physical defenses’ play part in CP Calgary accident, TSB says A yard crew’s misunderstanding of track permission granted to an intermodal train, along with a lack of “physical defenses” such as signals, led to a collision and derailment of two Canadian Pacific trains near Calgary’s Alyth Yard in March 2019, the […]
Savannah port sees first traffic at new container terminal; rail capacity project advances The Port of Savannah, Ga., has welcomed the first container ship to call on its Ocean Terminal, partially converted from roll-on/roll-off cargo to handle container traffic. The Savannah Morning News reports the conversion adds 210,000 twenty-foot-equaivalent units, or TEUs — the standard […]
LA Union Station to host part of Oscars ceremony Los Angeles Union Station will be one of the two venues for this year’s Academy Awards ceremony, Variety reports. The station, built in 1939, is a frequent setting for films, but has never been part of the Oscars. It will be used this year, along with […]
Union ratifies new agreements with VIA Rail Canada Unifor, the union representing more than 1,600 VIA Rail Canada employees, has ratified tentative agreements with the passenger carrier reached in January. The two-year agreements include a 2% wage increase, benefit improvements, and a review of several work rules. “We are delighted by the ratification of the […]
CP says Minnesota derailment could be cleaned up in weeks Just days after city officials said cleanup of a March 7 Canadian Pacific derailment in Plymouth, Minn., could last into the summer, a new estimate says the work could be done in about four weeks. The Sun Sailor newspaper reports the change reflects a determination […]
