Transport Canada on July 25 announced new measures to improve rail safety. They address recommendations that the Transportation Safety Board of Canada (TSB) released following Canadian Pacific’s (CP) Feb. 4, 2019, train derailment near Field, British Columbia. Targeted audits of CP will also be launched to assess the effectiveness of its safety management systems and training regime.
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).
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.
Bob Knief, President of Bartlett Grain Co., LP (Bartlett), a leading U.S. exporter of grain to Mexico, submitted a statement on June 22 to the Surface Transportation Board (STB) to address comments and applications filed on the Canadian Pacific (CP) and Kansas City Southern (KCS) merger transaction. Specifically, Bartlett is urging the STB to approve the CPKC (Canadian Pacific Kansas City) transaction and reject CN’s requesting that KCS’s Springfield Line be divested to it.
Canadian Pacific (CP) is becoming CMA CGM Group’s “primary rail provider in Canada” under a new multi-year agreement, the Class I railroad reported on May 31.
The government of Canada and the province of New Brunswick on May 25 announced multi-million investments to boost shipping capacity in St. John and McAdam.