AAR: Coal leads weekly carload gainers
Weekly gains in freight volume on U.S. railroads eased slightly, according to the Association of American Railroads.
Canadian Pacific
CP strengthens sales and marketing efforts
Canadian Pacific on June 7 said the railroad is now “at an inflection point” in terms of growing business and improving customer service, possessing “a willingness to identify and implement total transportation solutions.” The Sales and Marketing group “is generating new opportunities and driving growth.”
Toronto-Windsor planned as Canada’s first high-speed rail line
Ontario Premier Kathleen Wynne announced on May 19 that the province will move forward with plans to build Canada’s first high-speed line after a report by David Collenette, Ontario’s special advisor on high-speed rail, concluded the project has a positive business case.
Canada seeks inward-facing loco cameras
Canada wants to mandate the use of inward-facing video cameras in the cabs of locomotives, according to a bill filed in Parliament.
CP to buy back 3% of shares
Canadian Pacific Railway Ltd. announced a new round of stock repurchases, and will also hike its dividend payout by double digits.
As biggest boxship docks, Vancouver’s Deltaport growth tied to rail partnerships
The largest container vessel to call Canada arrived on May 5 at Global Container Terminals (GCT) Deltaport, located in the Port of Vancouver. The port was able to attract the vessel due in part to its enhanced rail connections.
Canada: A new mine, a new rail connection
Canadian Pacific and K+S Potash Canada (KSPC) on May 2, officially opened the Bethune (Legacy) Project potash mine site, the first of its kind built in Saskatchewan in more than 40 years, and in terms of rail infrastructure, “the most significant engineering project undertaken by CP since the mid-1980s,” the railroad said.
CP rolls out 60-foot intermodal box
Canadian Pacific announced the deployment of what it said is the first 60-foot intermodal container.
Improvement seen on CP Q1 results
Canadian Pacific Railway announced revenues of $1.19 billion (C$1.6 billion) for the first quarter of 2017, an increase of 1% from the year-ago quarter, and earnings per share of $2.17, down from or $2.60.
Intermodal employees ratify CP contract
Canadian Pacific and the United Steelworkers Local 1976 announced that the union had ratified a five-year labor agreement covering approximately 600 administrative support and intermodal employees in Canada.