Canadian Pacific (CP) is building business at the Port of Saint John in New Brunswick with an extension of its service agreement with global liner shipping company Hapag-Lloyld AG, which will begin regular intermodal service via CP from the Atlantic Canada port starting in 2021.
Canadian Pacific and CN have been added to the 2020 Dow Jones Sustainability Index (DJSI) North America. CN is also listed on the 2020 DJSI World.
CN and Canadian Pacific (CP) each moved more than 3 million metric tons (MMT) of grain in October—a first, as neither had ever exceeded that amount in one month.
Canadian Pacific (CP) announced that its third-quarter 2020 financial and operating results played out as “expected,” as the railroad “steadily built momentum” and “persevered” through 2020.
Canadian Pacific Railway (CP) will start moving A.P. Moller-Maersk traffic through the ports of Vancouver and Montreal on March 1, 2021, under a multi-year rail agreement. It applies to both dry and refrigerated freight.
Canadian Pacific and OMERS, the defined benefit pension plan for municipal employees in the province of Ontario, have entered into a purchase agreement whereby CP will acquire full ownership of the Detroit River Rail Tunnel from certain affiliates of OMERS. The purchase price for the transaction, currently expected to close at the end of 4Q2020, is approximately US$312 million and remains subject to customary closing conditions, including regulatory approvals.
CSX and Norfolk Southern are honoring customers for their commitment to the safe transportation of hazardous materials (hazmat).
Canadian Pacific’s (CP) intermodal shippers can now use the blockchain-based TradeLens platform to securely and transparently transfer container-shipping documents. The open-API platform will help them create, amend and share documents with consignees, beneficial cargo owners, customs agencies, dray operators, steamship lines and others.
September marks the seventh straight month of record grain movement for CN. The Canadian Class I reported that it hauled more than 2.81 million metric tonnes (MMT) last month—compared with the previous record of 2.6 MMT set in 2016—and a total of 7.76 MMT for third-quarter 2020.
Wi-Tronix LLC User Experience Manager Patricia Basuel and RailPros Vice President Training Erika Bruhnke have joined the League of Railway Women (LRW) Board of Directors as Events Chair and Director-at-Large, respectively.