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Rail News Home Canadian Pacific 5/10/2021 Rail News: Canadian Pacific
Canadian Pacific today announced that another 131 stakeholders filed statements with the Surface Transportation Board (STB) on May 8 in support of its proposed merger with Kansas City Southern, bringing the total to close to 550 supporters across the transportation supply chain in North America, CP officials said in a press release.The statements follow previous filings with the STB in support of the CP-KCS transaction and those opposing CN’s counterbid for KCS.Customers and other supporters stated they expect the combination of CP and KCS, among other benefits, would invigorate transportation competition, expand access to existing and growing markets, and provide new service offerings that would improve transit times and reliability along the Canada-U.S.-Mexico corridor, CP officials said.Last week, the STB approved CP's use of a voting trust for its proposed combination with KCS. CP is seeking approval from the STB for the combination, which also remains subject to the approvals of CP and KCS shareholders, and other customary closing conditions.The STB review is expected to be completed by the middle of 2022.

Rail News Home Canadian National Railway - CN 5/10/2021 Rail News: Canadian National Railway - CN
CN is buying hopper cars to support record grain shipments. Photo – cn.ca

Rail News Home Canadian National Railway - CN 5/7/2021 Rail News: Canadian National Railway - CN
CN moved 2.9 million metric tons (MMT) of western Canadian grain in April, exceeding the previous April record of 2.82 MMT set in 2020 and more than 5% ahead of the three-year average of 2.75 MMT.So far, during the 2020-2021 crop year, CN has moved more than 25.6 MMT of Canadian grain via carload. This is an increase of 17% compared to the previous crop year to-date record of 21.9 MMT established in the 2018-19 crop year, CN officials said in a press release.Containerized grain shipments direct from western Canada are also on record pace at more than 860,000 metric tons shipped crop year to-date, in addition to the tonnage shipped from eastern Canada.“Needless to say, the valuable cooperation of our agri-food and supply chain partners was key to achieving these results,” said James Cairns, senior vice president of rail centric supply chain at CN. “We believe that our long-term investment strategy was important in setting these 14 consecutive records, but none of this would have been possible without everyone's dedication.”