For New Brunswick, C$82MM in Supply Chain Investment
The government of Canada and the province of New Brunswick on May 25 announced multi-million investments to boost shipping capacity in St. John and McAdam.
CP
CP Publishes 2021 Sustainability Data Supplement
Canadian Pacific (CP) on May 6 released a 2021 corporate sustainability supplement that includes data on safety, operations and social impact.
CP Hydrogen Locomotive Program Advances
Calgary-based ATCO Group, through its investment in Canadian Utilities Ltd., will provide engineering, procurement and construction services for two hydrogen production and refueling facilities in Alberta as part of Canadian Pacific’s (CP) Hydrogen Locomotive Program.
STB to CP-KCS: Resubmit Data From Proposed Merger Filings
The Surface Transportation Board (STB) is calling on merger partners Canadian Pacific (CP) and Kansas City Southern (KCS) to resubmit by May 27 traffic density data that will be used in analyzing the environmental and transportation impacts of their combination.
Creel: Following ‘Difficult’ 1Q22, CP ‘Building Momentum’ (UPDATED, Cowen)
Canadian Pacific’s (CP) first-quarter 2022 results—including revenues that fell 6% and a reported operating ratio that deteriorated by 1,070 basis points from first-quarter 2021—“reflected the impact of last year’s drought on Canadian grain volumes, harsh winter operating conditions and the effects of a work stoppage,” President and CEO Keith Creel said.
For CP, Hapag-Lloyd, Additional Call Into Port Saint John
Canadian Pacific (CP) and Hapag-Lloyd AG on April 25 reported an additional call, via a seasonal extra loader, at New Brunswick’s Port St. John. This follows their inaugural service call in May 2021.
Watch: New Orleans-Baton Rouge Inspection Trip
Amtrak’s proposal to launch Baton Rouge-to-New Orleans service advanced April 20 with a rail line inspection trip taken by Louisiana Gov. John Bel Edwards, Amtrak President and CEO Stephen Gardner, and other federal, state and railroad officials.
Cowen Insight: 1Q22 Shipper Surveys Say …
Cowen and Company transportation analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliott Alper recently conducted their first-quarter 2022 rail equipment and shipper surveys. Following are the results, plus insights on The Greenbrier Companies Inc. (GBX), Trinity Industries Inc. (TRN), GATX Corporation, and the Class I railroads, ahead of earnings.
CEO PERSPECTIVE: Supply Chain, Market Reach and Sustainability
As part of a special series in Railway Age’s March 2022 issue, 11 North American railroad CEOs address what must be done to grow and gain market share from competing freight transportation modes. Keith Creel, President and CEO of Canadian Pacific, is the 2nd to share his perspective.
CP Disputing TSB Accident Report
Canada’s Transportation Safety Board (TSB) at a March 31 news conference released its investigation report of Canadian Pacific’s Feb. 4, 2019 train derailment on the Laggan Subdivision near Field, British Columbia. CP later in the day issued a strong statement, calling out “inaccuracies and misrepresentations” made at the conference and in the report.