Railroad News

CP to open British Columbia rail corridor today

Rail News Home Canadian Pacific 11/23/2021 Rail News: Canadian Pacific
image The tracks will open between Kamloops and Vancouver by mid-day Nov. 23. Photo – cpr.ca

Canadian Pacific will reopen a British Columbia rail corridor today following severe weather conditions that have knocked out service since Nov. 14.

The tracks will open between Kamloops and Vancouver by mid-day, CP officials said in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
10 Hits

Canadian Pacific launches debt offering in U.S., Canada

Rail News Home Canadian Pacific 11/18/2021 Rail News: Canadian Pacific
image Canadian Pacific is issuing a debt offering in the United States and Canada. The net proceeds will be used to help fund CP's acquisition of Kansas City Southern. In the United States, CP is issuing $1.5 billion of 1.35% notes due 2024, $1 billion of 1.75% notes due 2026, $1.4 billion of 2.45% notes due 2031, $1 billion of 3.0% notes due 2041 and $1.8 billion of 3.1% notes due 2051, which will be guaranteed by CP, according to a company press release. The U.S. offering is due to close Dec. 2. In Canada, CP is issuing CA$1 billion of 1.589% notes due 2023 and CA$1.2 billion of 2.54% notes due 2028, which will be guaranteed by CP. The Canadian offering is expected to close Nov. 24.

Copyright

© © Trade Press Media Group, Inc.

Continue reading
20 Hits

CP named to Dow Jones Sustainability North America Index for second consecutive year

Rail News Home Canadian Pacific 11/15/2021 Rail News: Canadian Pacific
image Canadian Pacific today announced it’s been named to the Dow Jones Sustainability North America Index (DJSI North America) for 2021. The Class I landed on the list for the second straight year. The index represents the top 20% of North America’s 600 largest companies (as evaluated by S&P Global) that demonstrate sustainability initiatives. Dow Jones' corporate sustainability assessment evaluated the economic, environmental and social criteria for meeting index designation. The Class I's long-term organizational commitment to sustainability practices demonstrates its success at being a sustainably-driven railroad, CP officials said in a press release. The railroad’s 2020 corporate sustainability report aligns with recommendations from the Task Force on Climate-Related Financial Disclosure and supports the United Nations Sustainable Development Goals. CP’s climate strategy lays out a path to adapt operations to changing environmental standards through greenhouse gas reductions. "We are proud that DJSI is recognizing [our] commitment to being a sustainability leader in the transportation sector," said CP President and CEO Keith Creel. "We continually look for innovative, impactful ways to advance our objectives and to embed sustainability in all levels of our organization."

Copyright

© © Trade Press Media Group, Inc.

Continue reading
15 Hits

CP honors most productive grain elevators of the year

Rail News Home Canadian Pacific 11/4/2021 Rail News: Canadian Pacific
image CP awarded G3 Pasqua (shown) and CHS Northland Grain Hazel with the Class I's 2020-2021 Elevators of the Year award. Photo – g3.ca

Canadian Pacific has recognized G3 Pasqua and CHS Northland Grain Hazel (U.S.) with its 2020-2021 Elevators of the Year award.

The annual award goes to grain elevators that achieve high volumes from a single loading point while consistently demonstrating efficient rail-car loading and a strong commitment to safety, CP officials said in a press release.

...

Copyright

© © Trade Press Media Group, Inc.

Continue reading
33 Hits

Canadian Pacific sets shareholder meeting for KCS merger vote

Rail News Home Canadian Pacific 11/4/2021 Rail News: Canadian Pacific
image Canadian Pacific has scheduled a Dec. 8 special meeting for its shareholders to vote on its proposed acquisition of Kansas City Southern. The meeting will be held virtually and is open to all shareholders who held CP common stock as of the close of business Nov. 1. As announced on Sept. 15, CP has agreed to acquire KCS in a cash and stock transaction worth $31 billion, including the assumption of $3.8 billion in outstanding KCS debt. KCS has been valued at $300 per share. The Surface Transportation Board on Sept. 30 approved the use of a voting trust for the transaction. Shareholders from both companies have to approve the combination. At the closing, KCS shareholders will receive 2.884 CP shares and $90 in cash for each KCS common share held, and KCS’s voting shares will be placed into trust. The companies expect the transaction to close by first-quarter 2022, CP officials said in a press release.

Copyright

© © Trade Press Media Group, Inc.

Continue reading
27 Hits

Contact Us

VISIT US

35505 Cooper Road
Brookshire, TX 77423
View a Map of Our Location

OUR HOURS

Monday - Friday
8 AM - 5 PM
Saturday - Sunday
CLOSED

TALK TO US

Phone
281.392.4850

CONNECT WITH US