CALGARY, Alberta — Canadian Pacific and Kansas City Southern executives say combining their railroads into the first system linking Canada, the U.S., and Mexico will generate significant traffic growth across all commodities. “What a historic day,” CP CEO Keith Creel said during a Sunday afternoon investor webcast where executives touted the $29 billion deal to create […]
CALGARY, Alberta — Canadian Pacific’s proposed acquisition of Kansas City Southern will unite the two smallest Class I railroads and create the only North American system that will operate in the U.S., Canada, and Mexico. The combination of the 12,500-mile CP and 6,700-mile KCS, announced today, is a classic end-to-end merger: The railways currently interchange in […]
BLET files opposition to Rocky Mountaineer petition to STB The Brotherhood of Locomotive Engineers and Trainmen has informed the Surface Transportation Board it is opposing some aspects of the effort by Rocky Mountaineer to launch luxury train service between Denver and Moab, Utah. In a filing, the union said it opposes American Rocky Mountaineer’s request […]
Union ratifies new agreements with VIA Rail Canada Unifor, the union representing more than 1,600 VIA Rail Canada employees, has ratified tentative agreements with the passenger carrier reached in January. The two-year agreements include a 2% wage increase, benefit improvements, and a review of several work rules. “We are delighted by the ratification of the […]
DULUTH, Minn. — Volunteers at the Lake Superior Railroad Museum have returned Northern Pacific SD45 No. 3617 to operating condition. The locomotive was started up and moved under its own power at the museum on Feb. 27, the first time it has operated in more than 14 years. The locomotive was donated to the museum […]
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 […]
Wednesday morning rail news: Vancouver rail line averts strike with labor agreement The Vancouver, British Columbia, Canada Line of the SkyTrain rail transit system has averted a strike after workers reached a tentative contract agreement with operator Protrans BC. Global News reports the BC Government & Service Employees Union said the agreement came after more than 40 […]
Monday midday rail news: Canadian Pacific, rail traffic controllers reach agreement on three-year contract Canadian Pacific and the Teamsters Canada Rail Conference-Rail Canada Traffic Controllers have reached a tentative agreement on a new three-year contract. The union represents approximately 300 rail traffic controllers in Canada. “This is positive news for these important members of our […]
CALGARY, Alberta — Canadian Pacific reported record fourth-quarter and full-year financial results on Wednesday alongside record operating and safety performance. “We had a phenomenal, exceptional 2020 set us up for an exceptional ’21, and we certainly expect to overachieve,” CEO Keith Creel told investors and analysts on the railway’s earnings call. CP expects to see […]
WASHINGTON — Colorado Pacific Railroad and parent company KCVN have asked the Surface Transportation Board to reject a request for permission to lease and operate Colorado’s Tennessee Pass line, charging the filing from Rio Grande Pacific subsidiary Colorado Midland & Pacific contains “materially false and misleading statements and representations.” It makes those claims regarding details […]
In a year when all of the big Class I railroads lost volume due to the economic impact of the pandemic, Canadian Pacific came out on top. CP’s volume declined 2.2% in 2020, well above the average 6.8% decline of the big six systems, according to a Trains News Wire review of the railroads’ weekly […]
EAGLE COUNTY, COLO. — The former Denver & Rio Grande Western Tennessee Pass line will apparently live again. Rail holding company Rio Grande Pacific has announced it has reached agreement with Union Pacific to lease the Colorado route, and its Colorado Midland & Pacific Railway has filed a request with the Surface Transportation Board for […]
