Kansas City Southern (KCS) on Oct. 19 was the first Class I to report third-quarter 2021 earnings. Revenue for the potentially merger-bound railroad—back with original suitor Canadian Pacific (CP)—came in at $744.0 million, growing 13% from the prior-year period ($659.6 million), but volumes fell.
CSX and Canadian Pacific (CP) are honoring customers for their commitment to the safe transportation of hazardous materials (hazmat).
Canadian Pacific (CP) in 2021 will again broadcast a virtual concert and encourage Canadians and Americans to donate to its annual Holiday Train program supporting food banks across its network.
Canadian Pacific’s (CP) H20EL, a hydrogen fuel cell-powered linehaul freight locomotive prototype, will be prepped this fall for official painting and launch, the Class I railroad reported.
The Surface Transportation Board on Sept. 30 issued a decision essentially reaffirming that the Canadian Pacific-Kansas City Southern voting trust, which it approved on May 6, 2021, still stands. STB’s decision was not unanimous, however, with Member Robert Primus voicing the lone dissent.
Sept. 30, 2021 is Canada’s first National Day for Truth and Reconciliation, also called “Orange Shirt Day,” an opportunity for Canadians to learn about and reflect on a dark chapter in the country’s history involving now-infamous Residential Schools, and to commemorate the victims and honor the survivors, their families and their communities, as called for by Canada’s Truth and Reconciliation Commission and Indigenous Peoples (First Nations) leaders. Canadian Pacific is participating by placing into service its “Every Child Matters” ES44AC 8757, painted in a bright orange livery with unique graphics.
Canadian Pacific (CP) will receive the first Gary Slaight Humanitarian Award from the Canadian Country Music Association (CCMA) for its annual holiday train program, which raises food, money and awareness for people who struggle with hunger.
Get used to the acronym “CPKC,” which stands for Canadian Pacific Kansas City, the name of the Class I railroad that will begin operations sometime within the next 18 to 24 months, provided the Surface Transportation Board approves—as many industry observers and analysts believe it will—the merger of the Canadian Pacific and the Kansas City Southern. The two railroads have circled back to pretty much the original merger agreement they announced on March 21, 2021, one month before CN began its attempt to wrest the deal away from CP with a higher bid.
Canadian Pacific (CP) and Maersk Canada on Sept. 9 marked the opening of their Pacific Transload Express facility in Vancouver.
RAILWAY AGE, FINANCIAL EDGE, SEPTEMBER 2021 ISSUE: For investors, industry watchers and rail consumers, August was either the most interesting or frustrating month to date in the reality dating show, “I Want to Buy a Class I Railroad.”
