Railroad Cost of Capital Set at 10.58% for 2022

The Surface Transportation Board (STB) has determined that the cost of capital for the railroad industry was 10.58% for 2022.

“As we look toward the upcoming 2023-2024 crop year, CPKC is once again well prepared to move Canada’s grain crop to market, just as we have throughout our 142-year history,” said Keith Creel, CPKC President and CEO. “We have the capacity and the team to deliver for our grain customers and the Canadian economy during the upcoming crop year.” (CPKC Photograph)

CPKC Issues 2023-24 Grain Service Outlook Report

Canadian Pacific Kansas City (CPKC) on July 31 published its Grain Service Outlook Report, as required by section 151.01(1) of the Canada Transportation Act. It provides an assessment of the newly merged Class I’s ability to move grain during the 2023-24 crop year, taking into account the total volume of grain expected to be hauled.

(Chuck Russell Photograph Courtesy of Golf Canada)

CPKC Extending Sponsorship of CPKC Women’s Open

Canadian Pacific Kansas City (CPKC) is extending its title sponsorship of the CPKC Women’s Open for up to four more years, the Class I railroad and Golf Canada reported July 10.

CPKC (William C. Vantuono Photograph)

CPKC Issues 2022 Sustainability Data Report

Canadian Pacific Kansas City (CPKC) on June 23 published its first Sustainability Data Report highlighting developments from 2022 for Canadian Pacific (CP) and Kansas City Southern (KCS), which on April 14 merged

Greg Regan, President of the Transportation Trades Department (TTD), AFL-CIO

TTD to Biden: Maintain STB’s Chairmanship

Removing Surface Transportation Board (STB) Chair Martin J. Oberman or failing to reappoint him “would undermine the significant progress the Board has made during his tenure,” Transportation Trades Department (TTD), AFL-CIO President

Exemplary Executives

RAILWAY AGE, MAY 2023 ISSUE: Railway Age’s 2023 honorees—selected by our subscribers—approach their roles with an entrepreneurial spirit, and a commitment to service, safety and sustainability.

(CPKC Photograph)

CPKC Launches Mexico Midwest Express Intermodal Service

Canadian Pacific Kansas City (CPKC) on May 11 kicked off daily intermodal service between the Midwest and Mexico with trains MMX-180 and MMX-181, which now link Chicago, Kansas City, Texas markets, Monterrey and San Luis Potosi.

Keith Creel, President and CEO, Canadian Pacific Kansas City
Commentary

CEO PERSPECTIVE: Safety Is a Journey, Not a Destination

As part of a special series in Railway Age’s April 2023 issue, 13 chief executives of leading North American companies answer the single-most critical question: What is the biggest challenge facing the North American rail industry? Keith Creel of CPKC is the ninth to share his perspective.

CPKC (William C. Vantuono Photograph)

CPKC Drives Ceremonial Final Spike, Joining Three Nations (Updated April 25, with Videos and U.S. Operations Center Rendering)

Canadian Pacific Kansas City (CPKC) on April 14 became the first single-line, transnational railway connecting Canada, the U.S. and Mexico, marked by a ceremonial Final Spike driving in Kansas City, Mo.

BNSF’s second-annual awards program recognizing customers for significant achievement in sustainability is now open for nominations.

Class I Briefs: BNSF, CN, CPKC, CSX, CPKC/NS/UP

BNSF opens nominations for its 2023 sustainability awards program. Also, CN and the Teamsters Canada Rail Conference (TCRC) reach a tentative agreement; Canadian Pacific Kansas City (CPKC) celebrates its hydrogen locomotive pilot program on Earth Day; CSX recognizes 13 customers for environmental excellence; and executives from CPKC, Norfolk Southern (NS) and Union Pacific (UP) earn spots on the Constellation Research ESG50 List for 2023.

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