Canadian Pacific Railway and the Teamsters Canada Rail Conference (TCRC) have agreed to binding arbitration, ending the work stoppage as it extended into its third day. Normal business operations for the railway are set to resume Tuesday, March 22. “CP is pleased to have reached agreement with the TCRC Negotiating Committee to enter into binding… Read More
Tag: Keith Creel
The work stoppage has begun for Canadian Pacific Railway (CP Rail) as of early Sunday morning, with both the union and the railway accusing the other of initiating the halting of rail services. As of early Sunday, both CP and the Teamsters Canada Rail Conference (TCRC) were still at the table with federal mediators, according… Read More
Canadian Pacific Railway (CP Rail) has triggered the 72-hour notice required for a lockout of over 3,000 conductors, engineers and other railway employees who are members of the Teamsters Canada Rail Conference (TCRC). Unless the union and railway reach a negotiated settlement or agree to binding arbitration in the meantime, the lockout would begin at 00:01… Read More
Canadian Pacific Railway is the new owner of Kansas City Southern as of December 14, 2021, although KCS must continue to operate independently until the U.S. Surface Transportation Board approves the North American railway marriage. Upon closing of the US$31 billion deal on Tuesday, the shares of KCS were placed into a voting trust, and… Read More
Canadian Pacific (CP) railway announced November 22 that it would reopen its railway between Kamloops, B.C., and Vancouver by mid-day Tuesday, November 23. Crews have worked around the clock after the November 14 “atmospheric river” rain storm in B.C., where in some locations nearly 200 millimetres of rain fell over two days. Thirty locations across CP’s Thompson and Cascade subdivisions were damaged,… Read More
Canadian Pacific (CP) Railway’s plan to acquire Kansas City Southern (KCS) is one major step closer to becoming a done deal. The companies signed a merger agreement on Wednesday after rival Canadian National (CN) Railway waived its right to a five-day period to negotiate new terms with the coveted Kansas City-based railroad. The US$27.2 billion… Read More
Canadian Pacific (CP) Railway’s plan to acquire Kansas City Southern (KCS) and establish the first Canada-U.S.-Mexico railway is back on track after U.S. regulators blocked rival Canadian National (CN) Railway’s merger application late last month. The KCS board of directors announced on Sunday — the deadline given by CP in its offer — that it… Read More
Update, Sept 1: KCS has canceled the shareholder vote that was to be held Friday on whether to accept CN Rail’s offer. CN Rail’s preferred plan for taking over Kansas City Southern (KCS) has been blocked by U.S. regulators in a decision that’s being welcomed by rival suitor CP Rail. On Tuesday, the U.S. Surface… Read More
Canadian Pacific Railway (CP) is set to become the first rail freight network to link Canada, the U.S., and Mexico after announcing a US$25 billion stock and cash agreement to acquire Kansas City Southern (KCS) railway on Sunday. The enterprise value of the proposed deal, which has been approved unanimously by both railways’ boards of… Read More
Paterson Grain says it has shipped the largest-ever grain train on the Canadian Pacific Railway (CP Rail) network. According to the company, the train consisted of 167 new high-capacity hopper cars, and carried 16,313 metric tonnes of grain from Paterson’s Foothills Terminal in Bowden, Alta., to the Alliance Grain Terminal in Vancouver. Paterson reports the… Read More
Around 1 a.m. MT on Monday, a westbound Canadian Pacific (CP) freight train derailed east of Field, B.C. The train was carrying grain that was being hauled from Calgary, Alta,. to Vancouver, B.C., when it derailed between the Upper and Lower Spiral Tunnels just east of Field, B.C. According to Keith Creel, CP’s president and CEO,… Read More
Crude oil shipments by rail in Canada are at record highs and forecast to continue climbing, as oil production has increased with no major expansion in export pipeline capacity. At the same time, executives for Canada’s two major railways say they intend to maintain rail capacity for grain. 198,788 barrels of oil per day were… Read More
Canadian Pacific Railway (CP) has announced a major investment in new hopper cars following the federal government’s passage of Bill C-49. Just weeks after Canadian National Railway (CN) announced an order for 1,000 new hopper cars, CP unveiled plans on Thursday to spend more than $500 million on around 5,900 high-capacity grain cars over the… Read More