Canadian Pacific

CN to STB: We Want the Springfield Line (UPDATED WITH CP RESPONSE)

CN reported on Jan. 13 that it will ask the Surface Transportation Board (STB) “to condition any approval of a Canadian Pacific-Kansas City Southern merger on the divestiture of KCS lines from Kansas City, Missouri to Springfield and East St. Louis, Illinois (the Springfield Line) to CN, pursuant to the STB’s statutory authority to order ‘the divestiture of parallel tracks’ as a merger condition.” CP immediately responded, negatively.

VIDEO INTERVIEW: 2022 RAILROADERS OF THE YEAR – CANADIAN PACIFIC’S KEITH CREEL AND KANSAS CITY SOUTHERN’S PAT OTTENSMEYER

Railway Age’s 2022 Railroader of the Year Award, our 59th annual, goes to two exemplary and visionary North American rail industry leaders: Canadian Pacific President and Chief Executive Officer Keith Creel, and Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer. The two are reconfiguring the North American rail landscape by completing, if all goes as planned, what will be the first Class I merger in more than 20 years, and creating North America’s first transnational freight railroad, Canadian Pacific Kansas City, or CPKC.

Canadian Regulator Rules on Grain ‘Entitlements’

In the 2020–2021 crop year, Canadian Pacific and CN collectively moved 52,334,795 metric tons of Western grain, 9.0% more than the volume moved during the previous crop year and the highest volume ever on record. For CN, its record volume comes at a price, as grain is a heavily regulated commodity in Canada, with revenue caps or “entitlements” set by the Canadian Transportation Agency (CTA), Canada’s equivalent of the U.S. Surface Transportation Board.

CP, Canpotex Renew Contract

Canadian Pacific has entered into a new seven-year agreement with Canpotex Limited, a major exporter of Canadian potash. The contract, which runs through 2028, is a successor to the current, 10-year agreement, which expires in 2022.