Transport Canada has ordered Canadian Pacific to stop leaving trains unattended without setting handbrakes near the site of 2019’s fatal runaway accident on Kicking Horse Pass after a February incident, the CBC reports, but the railroad is disputing the regulator’s assertion that the event in question constituted “an immediate threat.” In question is a Feb. […]
The Canadian Pacific acquisition of Kansas City Southern should help the railroads develop new business — including diverting truck traffic to rail — but the $29 billion deal announced on Sunday could face regulatory hurdles and opposition from shippers and other Class I systems. CP and KCS executives touted the potential for traffic growth that would […]
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 — On the same day that Canadian Pacific revealed its plan to purchase Kansas City Southern, the company’s board of directors has announced it has amended its contract with President and CEO Keith Creel to keep him in his current position until at least early 2026. The amendment addresses incentive compensation, the company says. […]
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 […]
Interim CEO says Honolulu rail system will cost $12.4 billion, take 10 more years to complete The cost of Honolulu’s light rail system has risen to $12.4 billion and will take another 10 years to finish, interim CEO Lori Kahikina told the Honolulu Authority for Rapid Transportation board. Hawaii News Now reports that Kahikina that […]
BONSAL, N.C. — The North Carolina Railway Museum is seeking funds to rescue 10 railcars from a disconnected siding at a nuclear power plant near New Hill, N.C., for eventual use on the museum’s New Hope Valley Railway. Nearly $100,000 must be raised to save the cars, which include two cabooses being donated by Duke […]
WASHINGTON — CSX Transportation has defended its proposed acquisition of New England regional Pan Am Railways. Vermont Rail System, along with transportation officials from Vermont and Massachusetts, claim the deal would harm rail competition in the region and should face a more thorough review from the Surface Transportation Board. Massachusetts officials and lawmakers also expressed […]
NJ Transit to introduce customer rewards program in April NJ Transit is introducing a customer rewards program where passengers will earn points toward purchase at participating local businesses. Customers will be able to join the NJT Rewards program through the NJ Transit mobile app beginning April 5. Points will be good for deals at participating […]
California agencies set online ‘Corridor Conversations’ event about passenger rail service The agency that manages Amtrak’s Pacific Surfliner service is hosting a free public online event, “Corridor Conversations,” featuring presentations from and a roundtable discussion by leadership of California’s three state-supported intercity passenger rail corridors. Participants will include Donna DeMartino, managing director of the host […]
The Scottish government in Edinburgh has announced it will create a company to take over operation of almost all passenger trains in Scotland from next year. The Scottish rail network, which has been branded Scotrail since the 1980s, is currently run by Abellio, the international division of Dutch Railways, which also operates rail services in […]
