“Throughout the year, we have said 2022 would be a tale of two halves and that is exactly how it is unfolding,” Canadian Pacific (CP) President and CEO Keith Creel said on Oct. 26. “The third quarter saw strong demand in potash and intermodal that we anticipated, and CP was well-resourced to handle the volume increases we have seen.”
The Port Authority of New York and New Jersey (PANYNJ) reports record cargo volumes for second consecutive month. Also, Alpenglow Rail Services Corp. (Alpenglow) and Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) will acquire Alberta Midland Railway Terminal Ltd. (AMRT); and Tradepoint Atlantic and Terminal Investment Limited (TIL) announce partnership to commence next major phase of redevelopment at Sparrows Point.
Canadian Pacific (CP) has presented its annual Safe Shipper Award to 59 customers for “safely transporting hazardous materials by rail in 2021.”
Class III Eastern Maine Railway Company (EMR) has filed a verified notice of exemption under 49 CFR 1150.41 to acquire approximately 36.57 miles of main line and nine miles of branch line in Maine from Central Maine & Quebec Railway US Inc. (CMQR), which is owned by Canadian Pacific (CP).
Canadian Pacific (CP) will kick off its Holiday Train tour next month, after a two-year hiatus, to raise money, food and awareness for local food banks in communities along its network.
J.B. Hunt Transport Services Inc. (J.B. Hunt) announced on Oct. 3 that it is expanding its transloading footprint with the addition of two new operations in Seattle, Wash., and Laredo, Tex., “for customers’ needs and to provide quick access to outbound rail and highway transport.”
A strike has been averted for now as the major unions reached tentative agreements. Contracts details are expected to be in line with the Presidential Emergency Board recommendations. The railroads will have to gradually pass through costs as contracts are renewed if they want to keep margins intact. This may prove difficult as we head into an economic slowdown. We continue to favor Canadian Pacific (CP) in the rail group.
Minister of Transport Omar Alghabra on Sept. 28 met with the Minister of Infrastructure of Ukraine, the Ambassador of Ukraine and officials from the Railway Association of Canada (RAC) during the International Civil Aviation Organization’s (ICAO) 41st Assembly to “identify areas of collaborative rail assistance to Ukraine.”
As Rail Safety Week (RSW) (Sept. 19-25), a collaborative effort among Operation Lifesaver, Inc. (OLI), state OLI programs and rail safety partners across the U.S., Canada and Mexico, continues to be observed, North American carriers and organizations are mobilizing to raise awareness about rail safety and to help stop track tragedies during this annual week-long event. Here is a roundup of the week’s initiatives.
Canadian Pacific (CP) has donated $124,000 to support heart health in Alberta through its Clear Rounds for Heart initiative. Also, CSX and the North Carolina Department of Transportation (NCDOT) have earned an engineering excellence award from the American Railway Engineering and Maintenance-of-Way Association (AREMA).