President-elect Donald Trump’s plans to impose 25% tariffs on goods imported from Mexico and Canada could have a chilling impact on cross-border rail traffic, which has been one of the few sources of volume growth for North American Class I railroads. Trump announced the plans last night in a social media post, saying that he […]
NEW YORK – Here are notes, quotes, and quips from the annual RailTrends conference, held Nov. 14-15. CPKC plans to build more hydrogen fuel cell locomotives Canadian Pacific Kansas City CEO Keith Creel says the railway’s handful of hydrogen fuel cell locomotives are proving themselves in revenue service every day. There are a lot more […]
NEW YORK — If there’s a silver lining to the spate of labor disruptions that have affected Canadian railways and ports over the past 15 months, it’s that Ottawa now recognizes there’s a problem. “That’s the first step in fixing it,” Canadian National CEO Tracy Robinson told the RailTrends conference last week. CN executives were […]
NEW YORK — The RailTrends conference in New York has been called the greatest single collection of rail investors in one place, and has featured in recent years a level of introspection by an industry that hasn’t grown much despite regular promises to do so. But the event this year wrapped up Friday with presentations […]
NANTES, Quebec — Officials in a community on the route of the proposed Lac-Mégantic rail bypass have withdrawn from talks with the Canadian government about the project. The CBC reports that the municipal council in Nantes — which passed a resolution opposing the bypass in January 2023 — decided at a meeting on Tuesday, Nov. […]
OTTAWA — Canada’s labor minister has ordered port employees back to work in British Columbia and Quebec after negotiations between unions and terminal operators reach an impasse. “I have directed the Canada Industrial Relations Board to order that all operations and duties at the ports resume and to assist the parties to settle their collective […]
GREEN BAY, Wis. — Schneider will launch intermodal service next month linking the Southeast with Texas and Mexico via CSX and Canadian Pacific Kansas City’s new Meridian & Bigbee corridor. The first interline trains over the new route are scheduled to roll on Dec. 1, CSX officials have said. “This represents a major leap forward […]
Most British Columbia port terminals will shut down on Monday morning amid a labor dispute between the union representing 700 forepersons and the B.C. Maritime Employers Association. The International Longshore and Warehouse Union Local 514 has issued a 72-hour strike notice and plans to walk off the job beginning at 8 a.m. on Nov. 4. […]
CALGARY — Unifor has filed for conciliation in its negotiations with Canadian Pacific Kansas City, following a path the Canadian union has also taken in its contract talks with Canadian National. The union, which represents more than 1,200 mechanical workers at CPKC, said contract talks had reached an impasse. The filing of a Notice of […]
CALGARY, Alberta — Canadian Pacific Kansas City’s third-quarter profits and revenue increased despite the impact of the four-day work stoppage in Canada, the railway reported on Wednesday. Quarterly operating income rose 3%, to $870 million, as revenue increased 6%, to $2.56 billion. Earnings per share increased 7%, to 65 cents. CPKC’s operating ratio increased 1.2 […]
WASHINGTON — The Surface Transportation Board has approved acquisition by Canadian Pacific Kansas City and CSX Transportation of the Meridian & Bigbee Railroad from Genesee & Wyoming, allowing the two Class I lines to create a new direct connection at Myrtlewood, Ala. The approval is effective Nov. 16, 2024. In separate decisions, the board approved […]
SIMSBORO, La. — No injuries were reported when 19 cars of a CPKC train derailed Sunday morning between the towns of Simsboro and Grambling, La.. The Ruston Leader reports the derailment occurred about 6:30 a.m. The Lincoln Parish Sheriff’s Office reports that some cars carried a hazardous material, although the material involved was not specified. […]
