CALGARY, Alberta — Canadian Pacific Kansas City CEO Keith Creel today teed off on the proposed merger of Union Pacific and Norfolk Southern, raising a host of questions and concerns about the $85 billion deal that would reshape the railroad industry. Creel, speaking on CPKC’s earnings call, issued a series of warnings about the transcontinental […]
CALGARY, Alberta — Canadian Pacific Kansas City profits and revenue grew in the second quarter as the railway carried more intermodal, grain, and coal shipments. CEO Keith Creel says the elephant in the room — the proposed Union Pacific-Norfolk Southern merger — does not change the growth opportunities his railway enjoys thanks to its unique […]
A stat in a Schneider news release caught my eye earlier this month: Overall cross-border intermodal volume between the U.S. and Mexico was up 17% last year. Impressive, yes. But what jumped off the screen was Schneider’s growth rate. Its cross-border traffic — which rides Canadian Pacific Kansas City’s flagship Mexico Midwest Express hotshots — […]
WASHINGTON — Canadian Pacific Kansas City’s merger-related traffic grew 18.8% during the six-month period covered in its latest report to federal regulators. The July 15 report, which is required as part of the STB’s ongoing monitoring of the merger, covers the period from Nov. 1, 2024, through April 30 and compares traffic levels to the […]
The union representing Canadian Pacific Kansas City conductors is polling members on a possible strike, claiming the railroad took advantage of a service crisis to make workplace job changes on the former Kansas City Southern. The International Association of Sheet Metal, Air, Rail, and Transportation Workers-Transportation Division (SMART-TD) Local 457’s General Committee of Adjustment is […]
WASHINGTON — Canadian Pacific Kansas City’s local service in former Kansas City Southern territory continues to improve after a troublesome May 3 computer system cutover, but merchandise train on-time performance declined last week and dwell remains stubbornly high at yards in Louisiana and Iowa. CPKC told federal regulators this week that it still expects service […]
WASHINGTON — Canadian Pacific Kansas City can send Midwestern grain to export at the ports of Houston and Galveston via haulage rights over Union Pacific south of Beaumont, Texas, the Surface Transportation Board said today. Union Pacific in 2023 had sought to block CPKC’s use of Kansas City Southern’s so-called South End haulage rights, which […]
Canadian Pacific Kansas City was the fastest-growing railroad in the second quarter, with its overall volume up 6%. CPKC’s industry-leading growth was due to double-digit increases in intermodal (14%), grain (16%), and coal (10%). Union Pacific ranked No. 2 for the quarter, with its volume up 4% overall, led by a 31% increase in coal […]
LAC-MÉGANTIC, Quebec — Canada’s Minister of Transport and Internal Trade, Chrystia Freeland, issued a statement today to mark the 12th anniversary of the Lac-Mégantic disaster, the derailment and fire involving a runaway, unmanned Montreal, Maine & Atlantic oil train that occurred about 1:14 a.m. on July 6, 2013. “Twelve years ago, the community of Lac-Mégantic […]
With only six Class I freight railroads remaining and stringent merger rules set by the Surface Transportation Board’s 2001 framework, the consensus largely held that the window for large-scale transactions was closed. Any potential merger, under these rules, must not only demonstrably enhance competition but also clearly articulate public benefits — typically improved service or […]
WASHINGTON — Canadian Pacific Kansas City says its service continues to improve in former Kansas City Southern territory, where a May 3 computer system cutover led to congestion, delays, and missed switches. Local service performance on the former KCS rose to 88% in the week ending June 27, CPKC said in an update to the […]
BENSENVILLE, Ill. — Appearing far afield of the usual home of the railroad’s hydrogen locomotive testing program in Alberta and British Columbia, CPKC hydrogen H20EL No. 1002, a former GP38-2, is in the locomotive consist of train No. 146 as it approaches Bensenville from Calgary on July 1, 2025. The locomotive, one of three developed […]
