CHICAGO – Union Pacific is suing the Surface Transportation Board because the agency’s approval of the Canadian Pacific-Kansas City Southern merger didn’t fully protect cross-border competition at the Laredo, Texas, gateway or address the potential for congestion in Houston, UP CEO Lance Fritz told a shipper conference today. “In their approval they identified our concerns […]
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WASHINGTON – Union Pacific has asked a federal court to overturn the Surface Transportation Board’s approval of the Canadian Pacific-Kansas City Southern merger. In a petition for review filed on Wednesday with the U.S. Court of Appeals for the District of Columbia Circuit, UP said the STB’s March 15 decision exceeded the board’s authority and […]
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CALGARY, Alberta — Canadian Pacific will waste no time officially combining with Kansas City Southern. CP said today that it will create Canadian Pacific Kansas City on April 14, the earliest date CP could take control of KCS under the Surface Transportation Board’s approval of the $31 billion merger. “Under the leadership of the exceptional […]
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Even as news of the impending mega-merger of CP and KCS operations continues to break, the rails through the Canadian Rockies remain active. Although the paint schemes routing this transcontinental main line are subject to change, the challenge of traversing one of the globe’s most sensational mountain passes will always remain. Catch a glimpse of […]
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WASHINGTON — With Norfolk Southern’s toxic train derailment in East Palestine, Ohio, heightening public concern about rail safety, federal regulators went out of their way on Wednesday to explain that their approval of the Canadian Pacific-Kansas City Southern merger would help keep trackside communities safe. “We are well aware of the very real and legitimate […]
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WASHINGTON — Federal regulators today gave the green light to the historic merger of Canadian Pacific and Kansas City Southern. Their $31.6 billion deal — thought to be the last merger between two Class I railroads — redraws the North American rail map by creating the first railroad linking Canada, the U.S., and Mexico. The […]
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MONTREAL — Canadian Pacific mechanical workers represented by Canadian union Unifor have ratified a two-year contract with CP, the union announced Thursday. The agreement, which runs through Dec. 31, 2024, covers approximately 1,200 workers who maintain and inspect locomotives and freight cars, and produce components for rolling stock and track. The union said the agreement […]
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CALGARY, Alberta — Canadian Pacific reported strong fourth quarter earnings on Tuesday and expects to see volume growth this year despite economic uncertainty. The railway’s earnings call was a sideshow to the main event: The pending Surface Transportation Board decision on the proposed CP-Kansas City Southern merger. “We finished the year with the people, capacity […]
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WASHINGTON — The Canadian Pacific-Kansas City Southern merger would cause few adverse environmental impacts aside from increased train noise in some locations, the Surface Transportation Board said in its final environmental impact statement today. The three-volume environmental impact statement, or EIS, incorporates comments the STB received at public hearings along CP and KCS routes in […]
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WASHINGTON — The Surface Transportation Board’s final decision on the proposed Canadian Pacific-Kansas City Southern merger has been delayed and likely won’t come until late February at the earliest. Today was the statutory deadline for the board to issue its decision on the first merger of Class I railroads in more than two decades. But […]
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CHAPLIN, Saskatchewan — The Transportation Safety Board of Canada is sending a team of investigators to examine a Canadian Pacific derailment that occurred early Monday morning in Chaplin, Sask., Global News reports. The derailment, shortly after midnight, involved 47 railcars and 95 containers, according to preliminary information. No hazardous materials were involved, CTV News reports; […]
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Union Pacific and Canadian Pacific were the only major Class I railroads to show volume growth in 2022. UP took the crown among the top six systems, with its overall traffic up 2%. The increase was driven by a 5% gain in carload traffic, including a 9% jump in coal volume. UP’s intermodal traffic was […]
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