Canadian Pacific and Teamsters Canada Rail Conference-Rail Canada Traffic Controllers (TCRC-RCTC) have reported reaching a tentative three-year agreement.
“Despite the continued COVID-19 impacts, volumes steadily improved over the second half of 2020 and we saw revenue ton-mile growth in the fourth quarter,” Canadian Pacific (CP) President and CEO Keith Creel reported Jan. 27 during the railroad’s quarterly earnings announcement.
Canada’s two Class I railroads continue to set records for grain moves. For December 2020, both CN and Canadian Pacific (CP) reported nearly 3.00 million metric tonnes (MMT) shipped.
The Canadian Transportation Agency (CTA) ruled that CN and Canadian Pacific (CP) grain revenues for the 2019-20 crop year were above their respective Maximum Revenue Entitlements (MRE). Each railroad must pay the amount that exceeded MRE plus a 5% penalty.
Canadian Pacific (CP) is now full owner of the 2.6-km (1.6-mile) Detroit River Rail Tunnel, linking Windsor, Ontario, and Detroit, Mich.
Building on its sustainability initiatives, Canadian Pacific now has plans to develop North America’s first hydrogen fuel cell (HFC)-powered linehaul freight locomotive.
Canadian Pacific (CP) and the International Brotherhood of Electrical Workers (IBEW) Canadian Signals and Communications System Council No. 11 reported reaching a new tentative five-year collective agreement.
Railway Age has named Canadian Pacific President and CEO Keith Creel the 58th annual recipient of its Railroader of the Year Award. A cover profile of Creel and his leadership at CP will appear in the January 2021 issue.
CN and Canadian Pacific (CP) have received leadership-level scores from global environmental non-profit CDP for their 2020 climate change actions and disclosures.
CN and Canadian Pacific (CP) have again reported record grain moves for November.