VANCOUVER, British Columbia — The Canadian government will help fund an engineering study of capacity improvements for a Canadian Pacific rail line in Vancouver as part of a series of projects to improve container traffic in and around the Port of Vancouver. The study will look at improvements on the CP line connecting intermodal and […]
NASHVILLE — Union Pacific has trimmed its volume, productivity, and operating-ratio expectations for the year amid sluggish operations and a sharp decline in international intermodal traffic due to global supply chain problems. UP now says it will see a 4% volume gain this year, down from the previous forecast of 5% growth; productivity gains will total […]
CALGARY — Canadian Pacific’s Keith Creel has been named 2021 CEO of the Year by Canadian newspaper The Globe and Mail’s Report of Business Magazine. A profile in the magazine focuses on the 53-year-old Creel’s skill as a strategist in efforts to merge CP with Kansas City Southern. The magazine recognized other CEOs for leadership, […]
WINDSOR, Ontario — The Essex Terminal Railway is celebrating its upcoming 120th anniversary by unveiling a rebuilt SW1200 restored to its original colors. The short line serves industries along 54 km (33.5 miles) of track in Windsor and surrounding Essex County, across the border from Detroit. It commissioned Sarnia, Ont., firm Lambton Diesel Specialists (LDS) […]
WASHINGTON – Union Pacific has asked federal regulators to delay and extend their review of the proposed merger of Canadian Pacific and Kansas City Southern. UP wants the Surface Transportation Board to treat the CP-KCS merger application as if it were filed on Dec. 15, some 47 days after it was actually filed. UP contends […]
WASHINGTON, D.C. — While Greyhound announced last week that it will resume cross-border intercity bus service between U.S. and Canadian destinations Nov. 8, no firm date has been finalized for restoring Amtrak trains serving Vancouver, B.C., Toronto, and Montreal. U.S. citizens have been able to visit Canada since Aug. 9, but Canadians won’t be able […]
LONDON — TCI Fund Management today released its plan to improve Canadian National’s operational and financial performance, saying that replacing CEO JJ Ruest with former CN Chief Operating Officer Jim Vena would usher in a new era of growth and profitability. But TCI’s plan, included with the launch of a website called cnbackontrack.com, sets no […]
ALAMOSA, Colorado — Iowa Pacific Railroad equipment rolled out of Alamosa in the San Luis Valley bound for days of fun, music, and beer in the Colorado mountains until just a few years ago. The Illinois Central colors of Iowa Pacific Holdings and the trains of the San Luis & Rio Grande added to the […]
MONTREAL — Canadian National is fighting back. In the wake of an activist investor’s call for a management shakeup and improved financial results, CN today announced a “Full Speed Ahead” plan to reduce its operating ratio, cut capital spending, and increase shareholder returns through a combination of earnings growth and share buybacks. CN is targeting […]
MONTREAL — A London-based activist investment firm has amassed 5.2% of Canadian National’s shares and says it will seek to influence how the railway is run. TCI Fund Management — which in May asked CN to call off its proposed merger with Kansas City Southern — is now CN’s second-largest single shareholder, behind only Cascade […]
CP Pacific type One of Canadian Pacific’s 173 G3 Pacifics steams east out of Calgary station with a regional train in June 1949. One track over, a mountain observation car has just been added to the westbound Dominion’s tail. Walter H. Thrall Jr. photo […]
CALGARY, Alberta — The Transportation Safety Board of Canada is investigating a grass fire that was reportedly ignited by a Canadian National train in Calgary’s Erin Woods neighborhood on Saturday. The Calgary Herald reports the Calgary Fire Department responded to a report of a grass fire along the CN tracks about 1:40 a.m., using some […]
