Canadian Pacific (CP) on Feb. 2 reported moving 2.29 million metric tons (MMT) of Canadian grain and grain products in January 2023, setting a new record for the month, despite rain delays in Vancouver. Also, the Class I railroad has chosen BC Children’s Hospital Foundation as the primary charity partner of its 2023 Women’s Open golf tournament.
“We finished the year with the people, capacity and resources in place to meet the needs of our customers today and are well-positioned to make history in 2023,” Canadian Pacific (CP) President and CEO Keith Creel reported Jan. 31 during the railroad’s quarterly earnings announcement.
CHS Inc. plans a new grain shuttle facility in southeast South Dakota, to be served by BNSF. Also, Richardson International loads the first 8,500-foot (HEP) train at its new Canadian Pacific (CP)-served grain elevator in Saskatchewan.
The U.S. Department of Justice’s (DOJ) Antitrust Division on Jan. 24 reaffirmed its “support for the [Surface Transportation] Board’s review process and careful scrutiny of the competitive implications of the proposed transaction” that would merge Canadian Pacific (CP) and Kansas City Southern (KCS). The railroads respond.
Following weather-related service challenges at the end of December, BNSF reports that overall car velocity for the week ending Jan. 17 is up more than 8% vs. last month. Also, Canadian Pacific
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Nearly a decade after the horrific derailment of a crude oil unit train at Lac-Mégantic, Quebec that claimed 47 lives and led to new regulations for railroad hazmat tank cars, Canada Minister of Transport Omar Alghabra on Jan. 14 announced that building a 12.5-km (7.75-mile) bypass to get trains out of downtown Lac-Mégantic “remains a priority.” While the government has signed agreements to acquire some of the land for the project, he said, it has decided not to extend the “mutual negotiation period” with the remaining impacted owners after doing so three times, so that the project can move forward.
Canadian Pacific (CP) on Jan 13 reported reaching a tentative collective agreement with Unifor on a new contract for Canada-based mechanical employees.
The Canadian Pacific (CP) Holiday Train has completed its 24th year, raising more than C$1.3 million and collecting 121,000 pounds of food for local food banks and food shelves so far, with final numbers still being calculated, the Class I reported on Dec. 22.
CN, Canadian Pacific (CP), CSX and Union Pacific (UP) have been recognized as “sustainability leaders” through their inclusion in the 2022 Dow Jones Sustainability Indices (DJSI). Also, Norfolk Southern (NS) is awarding $1 million in grants to 57 nonprofits in the Hampton Roads region of Virginia.
