CDP Recognizes CP for Climate Action Leadership
Canadian Pacific (CP) has received a leadership level score of A- for its 2021 climate change disclosure from global environmental non-profit CDP.
Canadian Pacific
Commentary
World Energy: ‘Chaos’ Is Just About Right
FINANCIAL EDGE, DECEMBER 2021 ISSUE: Now that the drama around the CP-KCS merger has finally subsided, the rail market has to occupy itself with other more mundane issues, such as the forward trajectory of coal loadings. Representing 12% of railcar loadings (even in its diminished state), coal remains a critical industry issue.
RAC Members Earn Safety, Environmental Awards
Three Railway Association of Canada (RAC) member railroads have earned the association’s safety and environmental awards for 2021.
CSX EVP Mark Wallace Dies at 52
CSX Executive Vice President Mark K. Wallace died on Nov. 28 following a battle with cancer, CSX reported.
CP’s Creel Earns CEO of Year From Canadian Magazine
The Globe and Mail’s Report on Business magazine has named Canadian Pacific (CP) President and CEO Keith Creel one of five CEOs representing “the best of Canadian corporate leadership, innovation, vision and responsibility” in 2021, plus overall CEO of the Year.
Mexican Authorities OK CPKC
Canadian Pacific (CP) and Kansas City Southern (KCS) have received the required Mexican regulatory pre-transaction control approvals for their proposed combination, Canadian Pacific Kansas City.
STB: CP-KCS Merger Proceeding Will Proceed (Updated)
The Surface Transportation Board (STB) has accepted for consideration the Canadian Pacific (CP)-Kansas City Southern (KCS) merger application submitted on Oct. 29.
Class I Briefs: CN, CP, CSX, UP
CN has been added to Dow Jones Sustainability Index (DJSI) North America and DJSI World for 2021. In addition, Canadian Pacific (CP) is joining forces with Canadian Music Hall-of-Famer Steven Page and The Strumbellas to fight hunger; CSX has earned a National Defense Transportation Association service award; and Union Pacific (UP) has launched a Business Resource Group focused on the environment.
CN, CP Delivering Canadian Red Cross Donations
CN and Canadian Pacific (CP) are donating $100,000 apiece to the Canadian Red Cross to support the 2021 British Columbia Floods and Extreme Weather appeal.
Commentary
Cowen Take on KCS: Mexican Volumes Up, Eyes on Labor
Cowen & Company hosted the Kansas City Southern (KCS) executive team in New York City last week for investor meetings. While challenges across
Mexico continue to hinder railroad operations, discussions with regulatory authorities appear to be moving in the right direction.