CALGARY, Alberta — Canadian Pacific and Kansas City Southern executives say combining their railroads into the first system linking Canada, the U.S., and Mexico will generate significant traffic growth across all commodities. “What a historic day,” CP CEO Keith Creel said during a Sunday afternoon investor webcast where executives touted the $29 billion deal to create […]
CALGARY, Alberta — Canadian Pacific’s proposed acquisition of Kansas City Southern will unite the two smallest Class I railroads and create the only North American system that will operate in the U.S., Canada, and Mexico. The combination of the 12,500-mile CP and 6,700-mile KCS, announced today, is a classic end-to-end merger: The railways currently interchange in […]
CALGARY — Canadian Pacific will buy Kansas City Southern in a cash and stock transaction worth approximately $29 billion, CP has confirmed. Financial Times first reported the story Saturday night. In an announcement posted Sunday morning, CP said the deal has the approval of both boards of directors, and confirms the previously reported price valuing […]
MINNEAPOLIS — A Canadian Pacific train derailed Sunday, blocking the railroad’s former Soo Line main line west of Minneapolis. CP Train 498 derailed at milepost 11.2 on the Paynesville Subdivision in the Minneapolis suburb of Plymouth at Control Point Heney, just east of Interstate 494. The Paynesville Subdivision is CP’s main artery from western […]
CALGARY, Alberta — Canadian Pacific reported record fourth-quarter and full-year financial results on Wednesday alongside record operating and safety performance. “We had a phenomenal, exceptional 2020 set us up for an exceptional ’21, and we certainly expect to overachieve,” CEO Keith Creel told investors and analysts on the railway’s earnings call. CP expects to see […]
Canadian Pacific’s process of developing an experimental hydrogen fuel-cell freight locomotive should yield results fairly quickly, CEO Keith Creel says, with a prototype in operation in 2022. “By the end of next year, for certain, probably mid next year, we’re going to have a freight locomotive that’s going to have about 3,000 hp that we’re […]
This video was originally published by Trains as part of the Locomotive 2017 DVD. Canadian Pacific’s transcontinental mainline across Canada traverses a wide range of terrain, from the Rocky mountains in the west, across the plains in its midsection to the Canadian Shield in the east. One of the most beautiful and inaccessible locations is […]
This video was originally published by Trains as part of the Locomotive 2017 DVD. Canadian Pacific’s transcontinental mainline across Canada traverses a wide range of terrain, from the Rocky mountains in the west, across the plains in its midsection to the Canadian Shield in the east. One of the most beautiful and inaccessible locations is […]
In a year when all of the big Class I railroads lost volume due to the economic impact of the pandemic, Canadian Pacific came out on top. CP’s volume declined 2.2% in 2020, well above the average 6.8% decline of the big six systems, according to a Trains News Wire review of the railroads’ weekly […]
CALGARY, Alberta — Canadian Pacific has announced a program it says will develop North America’s first line-haul hydrogen-powered locomotive, retrofitting a current locomotive with hydrogen fuel cells and batteries to drive the traction motors. “This is a globally significant project that positions CP at the leading edge of decarbonizing the freight transportation sector,” Keith Creel, […]
Canadian National and Canadian Pacific, which are under investor pressure to reduce their greenhouse gas emissions, are exploring the use of alternatives to the diesel-electric locomotive. The Canadian Class I railroads have been working with the Railway Association of Canada and Transport Canada on a range of ways to reduce emissions, including electrification and using […]
Thursday morning rail news: RCMP begins investigation of fatal Canadian Pacific derailment The major crimes unit of the Royal Canadian Mounted Police has opened a criminal investigation into the fatal derailment of a runaway Canadian Pacific train near Field, British Columbia, in February 2019. The CBC reports the investigation is being opened after consultation between […]
