CALGARY, Alberta — With labor negotiations at a standstill, a Canadian rail strike is likely to
occur in late August, Canadian Pacific Kansas City CEO Keith Creel said Tuesday.
CPKC and the Teamsters Canada Rail Conference are still talking but remain far apart on a new
contract, Creel said on the railway’s second quarter earnings call.
The Canadian Industrial Relations Board has said it will release a decision by Aug. 9 on what
commodities are vital to health and safety and must keep moving during...
Canadian Pacific Kansas City
Merger-related traffic growth boosts CPKC’s revenue and profits
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 Southern, CEO Keith
Creel says. “I’m extremely pleased with the first half of the year,” he told investors and analysts
on the railway’s...
https://www.freightwaves.com/news/merger-related-traffic-growth-boosts-cpkcs-revenue-and-profits
Vote on insurgent effort at Norfolk Southern set for May 9
Norfolk Southern has set May 9 as the date for its annual meeting, when an insurgent campaign to put outside directors on the company’s board and a new CEO in place will come to a head.
The Class 1 railroad formally set the date in its proxy letter to shareholders, sent last week. The meeting will be virtual and can be streamed on the company’s website, though participation is limited to shareholders. It begins at 8:30 a.m. Eastern.
Amy Miles, Norfolk Southern’s (NYSE: NSC) board chair, is the...
https://www.freightwaves.com/news/vote-on-insurgent-effort-at-norfolk-southern-set-for-may-9
Teamsters Canada warns rail strike looms over pay, hours at CN, CPKC
The union representing almost 9,300 workers at Canada’s two biggest rail operators says the railroads are pushing toward a work stoppage after negotiations have deadlocked over issues of working conditions and wage increases.
“CN and CPKC aim to eliminate all safety-critical rest provisions from our collective agreements,” François Laporte, national president of Teamsters Canada, said in a news release on Monday. “These provisions are necessary to combat crew fatigue and ensure public safety. We...
https://www.freightwaves.com/news/teamsters-canada-warns-rail-strike-looms-over-pay-hours-at-cn-cpkc
Bison Transport partners with CPKC to provide international intermodal service
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With global shippers seeking more routing options, Bison Transport recently announced an agreement...
Mexico orders railroads to prioritize passenger train services over freight operations
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Mexico’s government issued a federal mandate this week forcing private railway companies operating...
Freight rail execs seeing some ‘green shoots’ for beleaguered sector
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New York — The RailTrends conference for 2023, last week’s gathering of many of the industry’s...
https://www.freightwaves.com/news/freight-rail-execs-seeing-some-green-shoots-for-beleaguered-sector
STB’s Oberman rips into Union Pacific CEO Vena
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NEW YORK — Martin Oberman, chairman of the Surface Transportation Board, had several complimentary...
https://www.freightwaves.com/news/stbs-oberman-rips-into-union-pacific-ceo-vena
Norfolk Southern wants close look at proposed CPKC-CSX Southeast corridor
Norfolk Southern wants the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to provide more information on how their plans to create a Mexico-U.S. Southeast corridor will affect passenger and other freight rail traffic — including the Meridian Speedway that NS operates with CPKC.
NS (NYSE: NSC) is asking STB to get CPKC (NYSE: CP) and CSX (NASDAQ: CSX) to consolidate seven applications into one, as well as require CPKC and CSX to provide more analysis on how their...
CPKC cautious heading into 2024
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The uncertain macroeconomic environment, including when North American consumer sentiment will...
https://www.freightwaves.com/news/cpkc-cautious-heading-into-2024