The Surface Transportation Board (STB) will hold a public hearing this September on the proposed merger of Canadian Pacific (CP) and Kansas City Southern (KSC), which seeks to create North America’s first transnational freight railroad, Canadian Pacific Kansas City (CPKC).
Two Canadian agricultural groups, Pulse Canada and the Western Grain Elevator Association, have launched a campaign called “Canada’s Ready,” described as a grassroots public awareness campaign to “show Canadians and the world that our farmers, processors and exporters are ready to step up and deliver,” and “to ensure there are no weak links in Canada’s agriculture supply chain,” the most important segment of which is railroads.
The Mexican Ministry of Infrastructure, Communications and Transportation (SICT) has agreed to extend exclusivity rights granted to Kansas City Southern de México, S.A. de C.V. (KCSM), a Kansas City Southern (KCS) affiliate, until 2037, in exchange for new investment in the Celaya-NBA Line Railway Bypass and other infrastructure, KCS and KCSM reported on July 20.
Canada’s supply chain is still feeling the impacts of the pandemic, and the Government of Canada says it “is committed to addressing this by strengthening Canada’s supply chains and trade corridors, which will grow the economy and mitigate global inflation.”
Amtrak is calling on the Surface Transportation Board (STB) to deny CN’s conditions to the Canadian Pacific-Kansas City Southern merger because they do “not satisfy the Board’s ‘operationally feasible’ requirement” and “would harm the public interest by adversely affecting the provision of passenger rail service. …”
According to Cowen and Company’s recently conducted second-quarter 2022 Rail Equipment and Rail Shipper Surveys, the outlook for railcar orders is positive, and rail shipping rates will continue to increase. Details follow, plus insights on the Class I railroads, ahead of earnings.
Canadian Pacific (CP) on July 7 reported committing to the United Nations (UN) Global Compact.
CN and Canadian Pacific (CP) have earned spots on the Best 50 Corporate Citizens in Canada list for 2022. Also, care packages from CSX, in partnership with Operation Gratitude, are headed to U.S. active-duty service members in Eastern Europe; and Newburgh & South Shore Railroad (NSR), a managed affiliate of OmniTRAX, presented a community donation to a Cleveland, Ohio-area fire department in honor of Charter Steel.
The Surface Transportation Board (STB) on July 1 accepted for consideration responsive applications by CN and Norfolk Southern (NS) regarding the Canadian Pacific-Kansas City Southern merger, which is under STB review and seeks to create North America’s first transnational freight railroad, Canadian Pacific Kansas City, or CPKC.
Employees on Canadian Pacific’s Dakota, Minnesota & Eastern (DM&E) South; Central Maine & Quebec (CMQ) U.S. and Central Maine & Quebec Canada subsidiaries have ratified collective bargaining agreements.