Canadian Pacific

Rail traffic continued to build through June. U.S. intermodal traffic was only off 5% year-over-year in week 26.

With the second half of the year just weeks away, Class I rail executives are eyeing at least some recovery in rail volumes as shelter-in-place restrictions ease.

Investments in recent years to expand capacity along their western Canadian grain networks have paid off for Canadian Pacific and CN.

CP has said the acquisition of the U.S. and Canadian operations of the short line railroad would boost CP’s reach into eastern Canada, as well as grow CP’s network into about 13,000 miles coast-to-coast over six Canadian provinces and 11 U.S. states.

The coronavirus pandemic didn’t slow grain movement.

Precision scheduled railroading and its workforce will help CP get through anticipated challenges in the second quarter, company executives said.

The railway’s first-quarter net income slipped on higher income tax expenses. But total revenue rose nearly 16% in the first quarter of 2020 while operating expenses were roughly flat-to-higher.

Investigators with the Transportation Safety Board are urging Transport Canada to consider revising track maintenance regulations since broken rail is appearing as a possible cause for two recent crude train derailments.

The new orders require “higher-risk key trains” to slow down their speed in the wintertime.

The Canadian railways will have the network capacity to accommodate any sudden surges in demand once the coronavirus pandemic subsides, their executives said.

Union Pacific and Canadian Pacific each have employees who have contracted the virus, and they and those around them are in self-quarantine.

Industry group estimates farmers will face rail blockade-related costs of over C$300 million.

USD Partners and Gibson Energy will begin construction of a unit in April that will produce a nonhazardous heavy crude product.

The tentative agreement could help bring an end to protests on the country’s freight transportation network.

Law enforcement may have broken up protesters’ rail blockade near Belleville, Ontario, but it’s uncertain when freight rail operations will return to normal. Stakeholders along Canada’s supply chain are also still jittery over the potential for additional blockades.

Uncertainty is still an underlying theme facing North American freight railroads.

Reported deal to let Canadian National quietly route some freight around protests gets high marks from director of trucking company hit hard by the disruptions.

Freight trains carrying dangerous goods in Canada can now travel at faster speeds, according to a revised government order. Transport Canada had restricted how fast those trains could go following a fiery Feb. 6 derailment of a crude train.

Canadian National warns protesters they’re jeopardizing their safety, while passenger rail service on VIA Rail remains cancelled.

Demonstrators say their actions, which have blocked rail lines and access to several Canadian ports, are in support of a First Nations group’s concerns over a proposed pipeline.

A temporary order in Canada restricting the speed of freight trains carrying dangerous goods could potentially affect the broader economy.

The federal agency issues the order following a fiery derailment of a Canadian Pacific crude train.

January was a record month for grain volumes for CP.

Authorities evacuate town of Guernsey, Saskatchewan, and close five-mile stretch of key Western Canada highway after morning accident involving CP train.

A short line acquisition in Atlantic Canada and enhanced crude oil production in western Canada could boost rail volumes in the coming years, executive said.

Revenue gains for grain, energy, chemicals and plastics provide boost.

The railway and the rail union respond to a CBC documentary about a fatal February 2019 train accident.

Organizations may lobby Parliament to declare rail service an essential service so that access remains available during events such as labor strikes.

New hopper cars and a high-efficiency train model at some elevators help boost volumes.

The railway announced plans to acquire the Central Maine & Quebec Railway in November.

Lower rail volumes, an active Surface Transportation Board and a strike were among the key events that the U.S. and Canadian freight rail industry experienced this year.

Kansas City Southern and Canadian Pacific deliver goodwill to local communities along portions of their rail networks.

Canadian National reports operations have returned to “normalized” levels after an eight-day work stoppage.

Proposal providing relief for shippers could be rolled out next year.

Accident in Saskatchewan causes 1.5 million-liter crude oil spill.

Several management teams from North America’s largest Class I railroads were on hand to discuss current demand, their networks and the future at the Credit Suisse 7th Annual Industrials Conference.

Teck Resources opts not to renew 10-year deal for the transport of metallurgical coal.

The railway attributes the record to its high efficiency train model and to collaboration with supply chain participants.

North American Class I carloads increased year-over-year in week 47 on a favorable comp. The prior four-week average remains weak.

The implementation of Positive Train Control is the largest technology program deployed in CN history and they are already ahead of the game

The railway seeks to extend its reach to non rail-served markets.

In two unrelated announcements on Nov. 20, CP lays out plans to deepen network capacity.

The railway hauled record grain and grain products volumes in October.

As truck-plus-rail becomes increasingly popular, shippers need to find sites where the modes meet.

Canadian province will allow producers to exceed limits exclusively for rail shipments to meet higher demand.

The railway also earned record third-quarter revenue.

Now Goldman thinks that ISM data won’t turn positive until Q2 2020.

Reports have been surfacing that the Alberta government could grant more crude-by-rail contracts.

The Canadian class I railroads outlined a number of growth opportunities at an investor conference. Intermodal capacity expansion at the ports and grain delays provided the big takeaways.

Millions in private and public funding are going toward the two western Canadian ports.

Three Class I U.S. rail operations earned enough returns on investment in 2018 to support their capital projects.

Grain shippers wonder if the Canadian railways will keep up with demand in the 2019-20 crop year.

A renewed focus on building western gran network capacity helped Canadian Pacific reach all-time records for grain hauls in the 2018-2019 crop year.

Canadian Pacific Railway (TSX:CP) (NYSE:CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA’s mission of producing blockchain  standards that allow for interoperability […]

Canadian Pacific’s (NYSE: CP) is willing to cut costs in the second half of 2019 should macroeconomic factors put pressure on demand for rail service.

Canadian Pacific’s (NYSE: CP) second quarter net income rose 66 percent amid a 13 percent increase in company revenue, the railroad reported on July 15. CP’s financials are reported in Canadian dollars, except for earnings per share.

Canadian National announced record western Canadian grain shipments and a C$210 million investment to support exports.

BP imagines a scenario where a plastics ban crushes demand for petchem feedstocks.

The railway moved 15 million metric tonnes of grain for export through Vancouver in May, breaking the record set in May 2017 by 5 percent, the company said on June 4.

Canadian Pacific (NYSE: CP) and Canadian National (NYSE: CNI) both moved record volumes of grain in April, following a harsh winter that sometimes curtailed rail shipments. Canadian National said on […]

“This past winter was one of the most challenging in my railroading career,” Canadian Pacific (NYSE: CP) president and chief executive officer Keith Creel said. “I applaud our employees for their resiliency in overcoming loss and pushing through extraordinary conditions and challenges throughout February and March. Our commitment to precision scheduled railroading [PSR] enabled a strong recovery, and gives us a solid foundation moving forward.”

Precision scheduled railroading (PSR) could benefit customers and shippers, but its deployment pace and how shippers respond to changes will be key to its success, panelists said today at the North East Association of Rail Shippers conference in Baltimore, Maryland.

The Canadian Transportation Agency (CTA) is seeking public comments on amendments to regulations that govern the rail rates that Canadian National and Canadian Pacific set for hauling grain in western Canada.

The Grain Transport Report, a weekly publication by the Agricultural Marketing Service (a division of the U.S. Department of Agriculture) released information showing that total export inspections for grain (corn, wheat and soybeans) declined 22 percent from the previous week.

It was a great quarter for the railroad with revenue growth in all its product lines and increases in both operating and net income.

After first saying in November that operating ratio for the year would be flat, a strong December has enabled it to tick up slightly.

In this final part of the three-part series, the author looks at what steps need to be taken to successfully implement precision railroading.

The industry clearly is moving in the direction of precision railroading being the “way to go.” Now it’s time to figure out the possibilities and the hurdles.

Railroad sees better volumes in energy and other bulk freight, with road-to-rail opportunities coming next year.

In his preview of the railroads’ Q3 earnings reports, Susquehanna’s Bascome Majors set optimistic price targets but warned that P/E valuations are at historically high levels.

Hurricane Michael is forecast to make landfall as a strengthening Category 4; Sears may go bankrupt; retailers struggle to fill the hole left by Toys R Us; Cowen is bullish on Canadian Pacific; Seoul continues ploughing money into HMM to cover operations.

Howard Green is best on fights between the serial CEO and his boards, activist investors, and proxy wars, but there’s a lot in the book for railroad buffs who want to know more about Harrison’s signature philosophy, precision scheduled railroading.

The debt rating agency sees some drawbacks to the process, but is otherwise strongly in support of the growing trend.

We see falling demand for oil, lumber, and wheat out of Canada in the future due to a combination of market forces. Canadian Pacific Railroad appears to be especially exposed to this freight recession.

The class 1 railroad owned by Berkshire Hathaway had the worst OR of any of the class 1 railroads for the second quarter.

Theresa May and Donald Trump have patched things up; US warehouse capacity tightest in decades; transpacific container rates moving up quickly; Canadian Pacific and its two unions reach a mutually beneficial deal; Lufthansa Cargo offers spot capacity on its app.

It’s a four-year deal for the Teamsters, ending a walkout that didn’t even last 24 hours.

Canadian Pacific conductors and engineers walk off; Brazilian truckers continue their highway shutdown; CMA CGM and Zim blame losses on fuel prices; Savannah hits record TEU volumes in April; Goldman Sachs says the oil rally isn’t over yet.

One union agrees while the other walks, as CP is hit by a strike again. The government signaled it may not step in to end the walkout.

The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.

One union agrees while the other walks, as CP is hit by a strike again.

The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.

Drivers find productivity gains after ELD hard enforcement; Canadian Pacific workers’ strike imminent; Brazilian truckers extract over $2B in govt concessions; Maersk rolls out blockchain-based maritime insurance; WaPo interviews truck drivers on the lifestyle.

The rejection was of the final offer, not an agreement reached with CP’s unions. About 98% of the voters voted no.

Talks were with two key unions; ratification vote still necessary