Canadian Pacific Railway

Transportation Safety Board of Canada calls for rail safety technology implementation

The Transportation Safety Board of Canada (TSB) is recommending all of the country’s major railways that travel along high-speed corridors or key routes adopt technology similar to positive train control in the United States.

The recommendation for Transport Canada to implement “physical fail-safe train controls” is one of TSB’s determinations that resulted from studying why two CN (NYSE: CNI) trains collided near Portage la Prairie in Manitoba in January 2019. That incident caused derailments...

https://www.freightwaves.com/news/transportation-safety-board-of-canada-calls-for-rail-safety-technology-implementation

Canadian Pacific gets regulatory OK on KCS deal, secures labor agreement

Canadian Pacific has received permission from U.S. federal regulators to pursue its acquisition of Kansas City Southern, the railway announced Tuesday.

The Committee on Foreign Investment in the United States granted the regulatory clearance. The committee, which is affiliated with the U.S. Department of Treasury, reviews certain transactions involving foreign investment in the U.S. to determine their effect on national security.

In Tuesday’s announcement, CP said it expects the acquisition’s...

https://www.freightwaves.com/news/canadian-pacific-gets-regulatory-ok-on-kcs-deal-secures-labor-agreement

STB: Train noise could be biggest environmental impact from CP-KCS merger

A locomotive with the letters KCS emblazoned in the front. The locomotive is hauling rail cars.

Train noise could be the largest impact to the environment should the merger between Canadian Pacific and Kansas City Southern come to fruition, according to a draft environmental impact statement (EIS) released by the Surface Transportation Board.

STB’s Office of Environmental Analysis (OEA), which conducted the study, “has concluded that, apart from train noise, which could result in adverse impacts at some locations, the potential adverse impacts of the proposed acquisition would be...

https://www.freightwaves.com/news/stb-train-noise-could-be-biggest-environmental-impact-from-cp-kcs-merger

Canadian Pacific CEO defends PSR, eager for merger with KCS

A train with the letters "CP" painted on the front of a locomotive travels in front a snow-capped mountain.

Deploying precision scheduled railroading (PSR) is an art and a process, and the operational model shouldn’t be blamed for poor rail service, Canadian Pacific President and CEO Keith Creel told investors during a second-quarter 2022 earnings call Thursday.

“To truly integrate and implement a PSR railroad, it’s a very well thought-out process …,” Creel said. “You’ve got to have the right number of crews. You’ve got to have the right number of locomotives. You’ve got to have the right number of...

https://www.freightwaves.com/news/canadian-pacific-ceo-defends-psr-eager-for-merger-with-kcs

Transport Canada wants specifics on how railways will manage equipment in winter

Transport Canada is now requiring railway companies to submit winter operating plans for their equipment, including how the railways will manage the maintenance of air brakes in very cold temperatures, as part of a broader effort to improve rail safety.

The new mandate aligns with the Transportation Safety Board of Canada’s recommendations related to a February 2019 derailment in Field, British Columbia, in which a Canadian Pacific (NYSE: CP) grain unit train derailed, killing three employees.

The...

https://www.freightwaves.com/news/transport-canada-wants-specifics-on-how-railways-will-manage-equipment-in-winter

Illinois congressional delegation supports communities’ objection to CP-KCS merger

An aerial photograph of a rail yard.

Illinois congressional leaders are backing Chicago suburbs in their objections to the proposed merger between railways Canadian Pacific and Kansas City Southern.

In a Monday letter addressed to Surface Transportation Board Chairman Marty Oberman, a U.S. House and Senate delegation representing the state expressed concern that the merger between CP (NYSE: CP) and KCS as currently proposed would result in “significant impacts on noise, emergency response time, commuter rail operations, the...

https://www.freightwaves.com/news/illinois-congressional-delegation-supports-communities-objection-to-cp-kcs-merger

Regulators to conduct hearing on CP’s plan to merge with KCS

A photograph of two locomotives. One is from Canadian Pacific and the other is from Kansas City Southern.

The Surface Transportation Board will conduct a three-day hearing in September on the proposed merger between Canadian Pacific and Kansas City Southern in order to speak directly with the railways, as well as any other interested parties, about issues that have arisen during the proceeding.

“I have strongly favored public hearings in our proceedings, which not only allow the board members to deeply explore the issues with our stakeholders but also advance transparency into our decision-making,”...

https://www.freightwaves.com/news/regulators-to-conduct-hearing-on-cps-plan-to-merge-with-kcs

Kansas City Southern de Mexico invests in Celeya railway bypass

A train that says Kansas City Southern on its side is parked at a rail yard.

Kansas City Southern de Mexico plans to invest as much as $4 billion pesos ($195 million) in the Celaya-NBA Line Railway Bypass and supporting infrastructure.

KCSM made the investment agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT).

In response to KCSM’s investment, SICT has added 10 years to the railroad’s concession title. The amendment provides KCSM with exclusive rights to the railway bypass, located northwest of Mexico City, through 2037.

“This...

https://www.freightwaves.com/news/kansas-city-southern-de-mexico-invests-in-celeya-railway-bypass

Surface Transportation Board receives earful on CP-KCS merger

A red train with the words "Canadian Pacific" on its side travels through a railroad crossing.

The Surface Transportation Board has been receiving testimony on the proposed merger between Canadian Pacific and Kansas City Southern — and it’s been an earful.

Shareholders of CP (NYSE: CP) and KCS approved the $31 billion deal in December and the merger is now before STB for review. CP has said it hopes for STB approval by early 2023.

Below is just a smattering of excerpts from recent testimony provided to the board: 

BNSF: Ensure access to Laredo Gateway and address potential traffic jams in...

https://www.freightwaves.com/news/surface-transportation-board-receives-earful-on-cp-kcs-merger

Canada pumps $29M into rail projects, rail-related climate studies

The Canadian government is investing in rail infrastructure in Saskatchewan and Ontario as part of its broader program aimed at bolstering Canada’s trade corridors.

Canada is also funding climate resiliency projects that seek to safeguard rail infrastructure.

Together, the investments total more than CA$29 million ($22 million). 

Four projects in Saskatchewan are getting $18.3 million through Canada’s National Trade Corridors Fund.

The investments include: 

  • $1 million to develop a preliminary...

https://www.freightwaves.com/news/canada-pumps-29m-into-rail-projects-rail-related-climate-studies

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