CPKC sees higher Q4 profits, forecasts continued growth despite trade concerns
CPKC delivers on 2024 guidance of double-digit earnings growth, despite economic uncertainties and tariff threats.
CPKC delivers on 2024 guidance of double-digit earnings growth, despite economic uncertainties and tariff threats.
The year’s five biggest U.S.-Canada cross-border supply chain stories include Pride Group’s bankruptcy, as well as railway and port strikes.
It could take the two largest Canadian railroads a week or more to recover from the effects of a shutdown that briefly stalled billions in freight including transborder trade with the United States.
CN said it received no response from Teamsters after making a final contract offer in a bid to avoid service disruption.
While contract talks between Canadian National, Canadian Pacific Kansas City and union employees continue, a rail shutdown would reverberate through the supply chain connecting Canada and the U.S.
Amid lockout and strike notices, contract bargaining continues as Ottawa makes a push for both sides to come together on a new rail labor contract.
Canada’s busiest import gateway is managing port fluidity as railroads issue lockout notices, and Teamsters are warning of a planned strike as the latest contract talks fail.
– 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.
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.
Norfolk Southern’s annual meeting will be May 9, when the push to oust current management comes to a head.
Teamsters Canada said negotiations with Canadian National Railway Co. and Canadian Pacific Kansas City have stalled over issues of pay and working conditions.
Canada-based Bison Transport is partnering with CPKC to provide cross-border intermodal service between Canada, the U.S. and Mexico.
Mexico orders private freight rail companies to prioritize passenger service over their normal freight operations.
A leading industry conference in New York about the state of railroads was unusually positive this year.
Outgoing STB Chair Martin Oberman had harsh words for Union Pacific at the RailTrends conference.
Norfolk Southern is asking the Surface Transportation Board to compel Canadian Pacific Kansas City and CSX to consolidate their applications on plans to create a Mexico-Southeast U.S. corridor. Doing so would provide greater insight on freight and passenger rail impacts, NS argues.
Uncertainties over consumer demand and inflation rates are causing Canadian Pacific Kansas City to adopt a more cautious stance as 2024 approaches.
CPKC reported a 12% decline in net profit in the third quarter despite higher combined revenues.
Canadian Pacific Kansas City and CSX are seeking approval from the Surface Transportation Board to acquire some of the assets of short line Meridian & Bigbee Railroad. They plan to beef up an Alabama interchange as part of an effort to create a Mexico-Southeast corridor.
Chicago commuter rail system Metra filed a lawsuit against the Surface Transportation Board over its decision to approve the merger between Canadian Pacific and Kansas City Southern.
Rail service for the 2023-2024 crop year in Canada is expected to be smooth — provided that weather conditions and unforeseen global events cooperate.
Rail volumes to and from the Canadian ports of Vancouver and Prince Rupert are returning to normal after the 13-day strike in July, although capacity to catch up on the backlog appears limited for now, according to RailState’s analysis of its data.
Leaders with Norfolk Southern and CSX described at an investor conference this week how their reach extends beyond the eastern U.S.
CPKC eyes opportunities for intermodal and for beefed-up business in Mexico to help recoup higher costs and lost revenue in the second quarter.
CPKC released second-quarter earnings results as a merged company.
As the labor strike continues at the ports of Vancouver and Prince Rupert, Class I railroads are taking steps to ensure that their networks face minimal disruptions.
Some families of victims of deadly railway accidents say railway police are torn between seeking the truth and protecting the company name. Railroads say safeguards are in place.
Canadian Pacific Kansas City, CSX and Genesee & Wyoming railroads aim to establish a direct interchange connection near Myrtlewood, Alabama.
Class I railroads CPKC and CSX are working together on developing CPKC’s conversion kits that can retrofit diesel locomotives into hydrogen locomotives.
CPKC and Americold are collaborating on building a refrigerated service network for markets in the Midwest and Mexico.
CPKC seeks to extend or make permanent a waiver that allows the railway to dispatch trains for three locations at its Calgary office.
A federal court in Canada sided with union members and determined that Canadian Pacific had failed to adequately limit the number of hours that train crews worked in a number of instances in 2018 and 2019.
Canadian Pacific Kansas City is adding 1,000 refrigerated intermodal containers to its Mexico railroad business.
Canadian Pacific Kansas City is building its intermodal service between points in the U.S. Midwest and Mexico, announcing a new daily service that aims to take away market share from trucks.
Union Pacific wants a federal court to review STB’s approval of the merger between Canadian Pacific and Kansas City Southern.
CPKC and Canadian coal producer Teck Resources’ new service agreement includes a pilot program in which CPKC will test out its hydrogen locomotives to transport Teck’s coal.
The partnerships with the two truck carriers for intermodal service will create new business opportunities for all three companies, CPKC officials said during the company’s first-quarter 2023 earnings call.
Canadian Pacific Kansas City railroad announced a deal with Knight-Swift Transportation to provide intermodal capacity for a Mexico-to-Chicago train.
Schneider said Friday it will be a strategic intermodal carrier for the Canadian Pacific Kansas City rail line from Mexico to Chicago.
Canadian Pacific Kansas City, or CPKC, marked its first day as the merged company of CP and KCS on Friday.