Rail News Home Canadian Pacific 12/9/2021 Rail News: Canadian Pacific
"The overwhelming support our shareholders have given to the transaction is critical to making this combination a reality," said CP President and CEO Keith Creel. Photo –
Railroad News
Dec
09
Dec
09
Canadian Pacific shareholders yesterday voted overwhelmingly in favor of the issuance of CP common shares to Kansas City Southern common stockholders in connection with the proposed CP-KCS combination.
The CP shareholders voted on two items during yesterday's special meeting. The first vote was to approve the issuance of up to 277,960,197 CP common shares as the share consideration under the terms of the merger agreement. The second vote was to approve the Class I’s name change to Canadian Pacific Kansas City Ltd. The name change depends on the proposed merger’s approval by the U.S. Surface Transportation Board (STB).
Dec
08
Rail News Home CSX Transportation 12/8/2021 Rail News: CSX Transportation
CSX announced yesterday that for the ninth consecutive year it has been named to global environmental nonprofit CDP’s "A List,” which recognizes companies for leadership in taking actions to address climate change.CDP evaluates companies based on their actions to cut emissions, mitigate climate risks and develop a low-carbon economy.CSX was the top U.S.-based Class I to achieve the recognition, CSX officials said in a press release. CSX and CN are the only two North American railroads to receive the ranking.The CDP assessment examines issues such as leadership on corporate environmental ambition, action and transparency as well as management of environmental risks and demonstration of best practices. Officials said the recognition is considered the “gold standard of corporate environmental transparency.”“Railroads are three-to-four times more fuel efficient that trucks, on average, and CSX is continually developing innovative solutions for further reducing emissions by converting freight from highway to rail,” said Executive Vice President and Chief Legal Officer Nathan Goldman.
CSX announced yesterday that for the ninth consecutive year it has been named to global environmental nonprofit CDP’s "A List,” which recognizes companies for leadership in taking actions to address climate change.CDP evaluates companies based on their actions to cut emissions, mitigate climate risks and develop a low-carbon economy.CSX was the top U.S.-based Class I to achieve the recognition, CSX officials said in a press release. CSX and CN are the only two North American railroads to receive the ranking.The CDP assessment examines issues such as leadership on corporate environmental ambition, action and transparency as well as management of environmental risks and demonstration of best practices. Officials said the recognition is considered the “gold standard of corporate environmental transparency.”“Railroads are three-to-four times more fuel efficient that trucks, on average, and CSX is continually developing innovative solutions for further reducing emissions by converting freight from highway to rail,” said Executive Vice President and Chief Legal Officer Nathan Goldman.
Dec
07
Rail News Home Canadian National Railway - CN 12/7/2021 Rail News: Canadian National Railway - CN
Since 1993, CN has reduced its locomotive emission intensity by 43%. Photo – cn.ca
Since 1993, CN has reduced its locomotive emission intensity by 43%. Photo – cn.ca
CN has been recognized for leadership in corporate sustainability by global environmental nonprofit CDP, the Class I announced today.
CN was recognized for its actions to cut emissions, mitigate climate risks and help develop a low-carbon economy, based on the data the company reported through CDP’s 2021 climate change questionnaire.