CPKC

Weekly US rail traffic continues to gain

Weekly rail traffic in the United States remains up as the year winds down.

Figures for the week ending Dec. 14 saw U.S. railroads move 526,166 carloads and intermodal units, a 4.8% increase over the same week in 2023, according to the Association of American Railroads. Those figures include 228,400 commodity carloads, down 2.4% from the corresponding week a year ago, and 297,766 containers and trailers, up 11.1%.

Among carload gainers, farm products excluding grain and food increased 3.6%, while...

https://www.freightwaves.com/news/weekly-us-rail-traffic-continues-to-gain

CPKC completes second span over Rio Grande at Laredo gateway

The $100 million Patrick J. Ottensmeyer International Railway Bridge is officially complete.

The second span across the Rio Grande — linking Laredo, Texas, with Nuevo Laredo, Mexico — doubles Canadian Pacific Kansas City’s cross-border capacity because it allows the railway to eliminate the four-hour northbound and southbound directional running windows that created bottlenecks on its original lone single-track bridge.

“Completion of this internationally important project more than doubles our...

https://www.freightwaves.com/news/cpkc-completes-second-span-over-rio-grande-at-laredo-gateway

Ottawa should stay out of rail bargaining, says Teamsters Canada

Teamsters Canada union leaders are urging federal officials in Ottawa to stay out of the collective bargaining process and back railway workers’ right to strike.

“The transportation industry’s most powerful chief executives have developed a way to sidestep union negotiations,” Francois Laporte, national president of Teamsters Canada, and Paul Boucher, president of the Teamsters Canada Rail Conference, wrote in an op-ed in Toronto’s Globe and Mail newspaper this week. “Here’s their playbook, as...

https://www.freightwaves.com/news/ottawa-should-stay-out-of-rail-bargaining-says-teamsters-canada

CPKC, Americold plan to expand Mexico cold logistics

It’s turning into a cold world for U.S.-Mexico cross-border trade — but that’s a good thing for Canadian Pacific Kansas City.

The Calgary, Ontario-based railroad (NYSE: CP) announced an expansion of its strategic collaboration with temperature-controlled logistics Americold Realty Trust Inc. to formally explore co-development opportunities in Mexico for temperature-sensitive commodities moving between that country, the United States and Canada.

Headquartered in Atlanta, Americold (NYSE: COLD) and...

https://www.freightwaves.com/news/cpkc-americold-plan-to-expand-mexico-cold-logistics

US rail traffic shows weekly gain

After two weeks in which weekly U.S. rail traffic numbers showed major swings because of the Thanksgiving holiday, the latest numbers are back to normal — which is to say, showing a nominal overall increase.

Statistics from the Association of American Railroads for the week ending Dec. 7 show U.S. railroads moved 520,894 carloads and intermodal units, a 4.4% increase from the same week in 2023. That includes 224,899 carloads, down 1.8%, and 295,995 containers and trailers, up 9.7%.

Those figures...

https://www.freightwaves.com/news/u-s-rail-traffic-shows-weekly-gain

Despite tariff talk, CPKC expects to tap cross-border traffic growth

This story originally appeared on Trains.com.

PALM BEACH, Fla. — Canadian Pacific Kansas City CEO Keith Creel is confident that free trade will continue in North America despite President-elect Donald J. Trump’s threat to impose 25% tariffs on goods imported from Mexico and Canada.

U.S. trade with Mexico and Canada has grown since the Trump-driven United States-Mexico-Canada Agreement replaced the North American Free Trade Agreement and went into effect in 2020, Creel points out. The pandemic,...

https://www.freightwaves.com/news/despite-tariff-talk-cpkc-expects-to-tap-cross-border-traffic-growth

Schneider National launches Mexico, US Southeast intermodal service

Schneider National announced Monday the launch of an intermodal service providing “truck-like daily transit between the Southeast and Mexico.”

The Green Bay, Wisconsin-based multimodal transportation and logistics provider said the service will provide continuous rail transportation between locations in Mexico and Texas with points in the U.S. Southeast. The new lane is an offshoot of a deal struck by CSX (NASDAQ: CSX) and Canadian Pacific Kansas City (NYSE: CP), creating a Class 1 rail...

https://www.freightwaves.com/news/schneider-national-launches-mexico-us-southeast-intermodal-service

Arbitrator tabbed for CPKC-TCRC rail contract talks

There is progress in contract negotiations between Canadian Pacific Kansas City (CPKC) and its largest union.

Teamsters Canada Rail Conference says the Federal Mediation and Conciliation Service has appointed William Kaplan as the arbitrator in its collective bargaining with Canadian Pacific Kansas City (NYSE: CP).

Kaplan is also serving as arbitrator for the TCRC’s contract negotiations with Canadian National, the union said in a news release Thursday. 

A schedule has not been set for mediation.

A...

https://www.freightwaves.com/news/arbitrator-tabbed-for-cpkc-tcrc-rail-contract-talks

CPKC earnings grow despite Canadian work stoppage

This story originally appeared on Trains.com.

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 points, to 66.1%, as expenses rose 8% in the quarter, partly due to merger-related...

https://www.freightwaves.com/news/cpkc-earnings-grow-despite-canadian-work-stoppage

CPKC Q3 earnings: First look

Canadian Pacific Kansas City (NYSE: CP) said third-quarter 2024 revenues and earnings improved on freight volumes that were slightly higher than the year-ago quarter.

The Calgary, Alberta-based railroad forecast freight volume gains in the mid-single digits and double-digit earnings gains for full-year 2024.

Third-quarter revenues were up 6% to $2.53 billion with diluted earnings per share of 65 cents and core adjusted combined diluted EPS of 72 cents.

“During the third quarter, we delivered...

https://www.freightwaves.com/news/cpkc-q3-earnings-first-look

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