Reuters — Canadian Pacific Railway CEO Keith Creel said Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is […] Read more
Tag Archives cp
CP CEO rules out raising Kansas City Southern bid
CP's first-quarter profit climbs
CN challenges CP with Kansas City Southern bid
KCS shareholder warns U.S. regulator 'doesn't like overlap'
Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as […] Read more
Record-level grain handles continue for CN, CP
MarketsFarm — Canada’s two largest railways both reported new highs in grain movement for March and for their first fiscal quarters. Canadian National Railway (CN) announced Monday it had moved […] Read more
Canadian Pacific to buy Kansas City Southern in bet on trade
Biggest North American rail deal ever valued at US$25 billion
Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico […] Read more
Railways to blame for terminal shortages, WGEA says
Grain handlers take issue with MarketsFarm report
MarketsFarm — The association representing the Prairies’ main grain handling companies says recent delays in loading vessels have less to do with the availability of grain and more to do […] Read more
Grain shortage, cold snap cause delays at West Coast ports
'...the vessels continue to arrive'
MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s […] Read more
Federal work/rest rules to be updated for railway workers
More clarifications coming, Teamsters say
A perennial sticking point in work stoppages and labour disputes at Canada’s two major railways is expected to be at least somewhat addressed within the next two and a half […] Read more
Big Two railways release plans for winter
Snow-clearing equipment among investments at CN, CP
Canada’s major railways have filed their winter contingency plans, as they are now required by law to do. Since updates to the Canada Transportation Act in 2018, Canada’s major rail […] Read more
Viterra to replace western Saskatchewan elevator
Grain firm going bigger at Biggar
Grain firm Viterra’s asset investment plan has moved onto Biggar things. Regina-based Viterra announced Monday it’s starting construction “immediately” on a new “state of the art” elevator about two km […] Read more
CN, CP set third-quarter records for grain movement
MarketsFarm — Canada’s big two railways again reported moving record amounts of Canadian grain during the third quarter of 2020. Canadian National Railway (CN) reported Monday it had shipped 7.76 […] Read more
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