CALGARY — On the same day that Canadian Pacific revealed its plan to purchase Kansas City Southern, the company’s board of directors has announced it has amended its contract with President and CEO Keith Creel to keep him in his current position until at least early 2026. The amendment addresses incentive compensation, the company says. […]
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 […]
Union Pacific’s Fritz says railroad’s process of getting vaccine for workers has been complex Union Pacific CEO Lance Fritz says railroad employees have begun receiving COVID-19 vaccinations, but that the process is a challenging one. “We serve 23 western states, and in every state the process to get a vaccine into an arm is different,” […]
Crew misunderstanding, lack of ‘physical defenses’ play part in CP Calgary accident, TSB says A yard crew’s misunderstanding of track permission granted to an intermodal train, along with a lack of “physical defenses” such as signals, led to a collision and derailment of two Canadian Pacific trains near Calgary’s Alyth Yard in March 2019, the […]
CP says Minnesota derailment could be cleaned up in weeks Just days after city officials said cleanup of a March 7 Canadian Pacific derailment in Plymouth, Minn., could last into the summer, a new estimate says the work could be done in about four weeks. The Sun Sailor newspaper reports the change reflects a determination […]
A Canadian Pacific FP7-F7B set picks its way out of Toronto with a 13-car unnamed train No. 11 for Sudbury, Ontario, in 1964. The 260-mile run took just shy of six hours and 50 minutes to complete. Photo by J. David Ingles […]
Cleanup of CP derailment will continue into summer, city officials say Cleanup of a Canadian Pacific derailment in Plymouth, Minn., will last into the summer and “cause ongoing disruption and noise for surrounding neighbors,” city officials have said. In a news release, the city said the length of the process is “due to the size […]
Ballard Power Systems to provide fuel cells for CP’s hydrogen locomotive Fuel cells from Ballard Power Systems will be used in Canadian Pacific’s project to develop a hydrogen-powered road locomotive. The Ballard fuel cells will provide 1.2 megawatts of electricity, working with batteries to power the traction motors of the locomotive, being converted from diesel […]
Canadian Pacific won the Class I railroad operating ratio crown for 2020, the first year that three of the big seven systems reported operating ratios below 60%. CP’s operating ratio, the closely watched measure of railroad efficiency, improved 2.8 points compared to 2019. Following closely behind CP were Union Pacific, at 58.5%, and CSX Transportation, […]
News report: Design changes lead to $800 million in overruns for California high speed segment A 65-mile section of California’s high speed rail line in the San Joaquin Valley is facing more than $800 million in cost overruns because of design changes proposed by its contractor as a cost-saving move. The Los Angeles Times reports […]
UP derailment in Normal, Ill., disrupts Amtrak, blocks traffic Sixteen cars of a Union Pacific intermodal train derailed early Saturday morning in Normal, Ill., blocking a series of grade crossings, closing an underpass, damaging two rail lines, and disrupting Amtrak service. The Bloomington Pantagraph reports it was told by Normal Mayor Chris Koos that the […]
Additional Tuesday morning rail news: Fundraising effort begins to save Union City, Ind., tower A fundraising effort has launched to save a former CSX interlocking tower in Union City, Ind., which is scheduled for demolition. The Winchester News Gazette reports the “Save the Rail Tower” effort seeks to raise $50,000 by March 25 for funds to […]
