CP shutting down Expressway
Canadian Pacific Railway’s Expressway service, operating between Milton (Toronto) Ontario and Montreal, will close effective June 1, 2018.
Canadian Pacific Railway’s Expressway service, operating between Milton (Toronto) Ontario and Montreal, will close effective June 1, 2018.
Rail freight flattened out for the week ending Nov. 4, as the Association of American Railroads reported U.S. traffic was 538,739 carloads and intermodal units, down 0.8% compared with the same week in 2016.
Total U.S. rail traffic for the week ending Oct. 21 was 559,989 carloads and intermodal units, up 3% from the same week a year ago, according to the Association of American Railroads. Traffic totaled 268,943 carloads, up 0.2%, while intermodal volume was 291,046 containers and trailers, up 5.6%, and a record for a single week.
Traffic on U.S. railroads totaled 486,474 carloads and intermodal units, up 0.8% compared with the same week in 2016.
Canadian Pacific Railway played an important role in shaping Canada into the nation it is today, a nation celebrating its 150th anniversary. CP’s Canada 150 special, a rolling celebration of Canadian history and culture, will wind up a three-week tour on Aug. 20 in Ottawa, the country’s capital city.
Canadian Pacific Railway reported record second-quarter earnings on across-the-board improvements and ongoing volume gains through the first half of the year.
Weekly gains in freight volume on U.S. railroads eased slightly, according to the Association of American Railroads.
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.”
Canadian Pacific and the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) announced they have reached a tentative five-year agreement.
Canadian Pacific Railway Ltd. announced a new round of stock repurchases, and will also hike its dividend payout by double digits.