Railways

CP unveils comprehensive climate strategy

  CALGARY, AB – Canadian Pacific Railway Limited  today published its first comprehensive Climate Strategy, charting a path to reduce greenhouse gas emissions, adapt CP operations to the physical risks of climate change and further position CP as a leader in the transportation sector’s transition to a low-carbon future. “CP’s Climate Strategy is ambitious, which we feel appropriately reflects the urgency …

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Maersk transload facility targets Pacific Northwest supply chains

  Vancouver, BC – North American importers and exporters will gain more cross-dock transload capacity in their PNW supply chains during the 2021 peak season.  Maersk and Canadian Pacific announced the construction of the new facility in September 2020 with ideal connectivity to the port of Vancouver via rail (or truck) directly into the warehouse. …

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CN and Kansas City Southern one step closer to merger

  MONTREAL and KANSAS CITY – CN and Kansas City Southern  today announced that they have jointly filed with the Surface Transportation Board (STB) certain documents requested by the STB in its June 8, 2021, Decision in STB Finance Docket No. 36514 to enable the STB to review the voting trust in connection with the …

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CN makes counter bid to CP for Kansas City Southern

  MONTREAL- CN today announced that it has made a superior proposal to CP to combine with Kansas City Southern in a cash-and-stock transaction valued at $33.7 billion, or $325 per share. Where applicable, figures are based on CN and CP closing share prices on the NYSE of $118.13 and $365.37 respectively as of April …

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CP Rail purchase of Kansas City Southern creates major continental railroad

  In one of the biggest foreign acquisitions ever by a Canadian company, Calgary-based Canadian Pacific Railway Limited and Kansas City Southern today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS for US$25 billion. Following final approval from the Surface Transportation Board, the transaction will combine the …

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