Merger-related traffic growth boosts CPKC’s revenue and profits

Freshly painted red and black diesels with gold trim and white letters

CALGARY, Alberta — Canadian Pacific Kansas City had a gangbuster second quarter as merger-related traffic synergies kicked in faster than expected and boosted revenue and profits, executives said on Tuesday. Although freight demand remains soft, CPKC has been able to create its own opportunities thanks to last year’s combination of Canadian Pacific and Kansas City […]

Read More…

Former Kansas City Southern CEO Ottensmeyer dies

Kansas City Southern CEO Patrick J. Ottensmeyer

Former Kansas City Southern CEO Patrick Ottensmeyer — who led the cross-border railroad through turmoil over free trade, the transition to a Precision Scheduled Railroad operating model, and its historic merger with Canadian Pacific — died July 26. He was 67. “Pat’s vision and leadership played a monumental role in the great history of Kansas […]

Read More…

CPKC potash train derails in Saskatchewan

CPKC logo

GULL LAKE, Sask. — Approximately 18 cars of a CPKC freight train derailed Sunday evening about a mile east of the town of Gull Lake on Sunday evening. The Regina Leader-Post reports there were no injuries and no hazardous materials involved, according to the Royal Canadian Mounted Police, which reported the incident about 7:40 p.m. […]

Read More…

Canada’s labor minister to resign

Portrait photo of man in suit

OTTAWA, Ontario — Canada’s labor minister, Seamus O’Regan, announced today (Thursday, July 18) that he is stepping down from that position and will not seek reelection to parliament. His resignation from the cabinet position is effective Friday, but he will continue to serve as an MP from the St. John’s South-Mount Pearl riding in Newfoundland […]

Read More…

STB calls hearing for Class I railroads to outline plans for growth

Red locomotive with double-stack container cars

WASHINGTON — Federal regulators are summoning executives from the six Class I freight railroads to a rare public hearing to explain how their companies plan to invest in and grow their business amid concern over recent negative volume trends. In a notice published today (Friday, July 12), the Surface Transportation Board said it also welcomes […]

Read More…

New York begins work to replace aging Albany rail bridge

Steel girder bridge over river

ALBANY, N.Y. — New York state has begun work on a new rail bridge across the Hudson River in Albany to replace a structure with portions dating to 1865, and also awarded funding to tear down a deteriorating, vacant warehouse that led to interruptions of rail service in 2022, Gov. Kathy Hochul announced today. The […]

Read More…

Operations resume at site of CPKC derailment

CPKC logo

BORDULAC, N.D. — All railcars containing hazardous material have been removed from the site of Friday’s derailment of a CPKC train near Bordulac, and operations on the railroad’s Carrington Subdivision have resumed, according to a company spokesman. The cars were safely removed on Sunday, spokesman Patrick Waldron said in an email reported by the Jamestown […]

Read More…

Norfolk Southern leads railroads in growth during second quarter

Black locomotive with train of trailers in the Midwest

Class I railroads’ volume trends in the second quarter varied considerably, with Norfolk Southern traffic up 5.1% and Canadian Pacific Kansas City down 4.2%, according to the railroads’ Association of American Railroads carload reports. Norfolk Southern’s volume was boosted by 8.2% year-over-year growth in intermodal traffic. Its carload volume, less coal, was up 1.7%. Coal […]

Read More…