Rail News Home Canadian Pacific 11/2/2021 Rail News: Canadian Pacific
CP announced in December 2020 it would design and build North America's first line-haul hydrogen-powered locomotive using fuel cells and batteries to power the locomotive's electric traction motors. Photo – cpr.ca
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Canadian Pacific has received a $15 million grant from Emissions Reduction Alberta Program (ERA), which the Class I will use to expand the scope of its hydrogen locomotive program.
The grant enables CP to increase the number of hydrogen locomotive conversions in the project from one to three and add hydrogen production and fueling facilities. The program will create a global center of excellence in hydrogen and freight rail systems in Alberta, CP officials said in a press release.
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Rail News Home Canadian National Railway - CN 11/2/2021 Rail News: Canadian National Railway - CN
CN today issued a letter to shareholders in connection with its upcoming special meeting slated for March 22, 2022, and in response to recent materials filed by CIFF Capital and TCI Fund Management (collectively TCI).The letter outlines what CN's board and management team believe are TCI's "misleading claims" about the company, which CN officials said have been "disruptive" to the railroad's "sustainable value creation efforts."TCI — the largest shareholder of Canadian Pacific, CN's direct competitor — recently increased its stake in CN so that it could launch a hostile effort to replace four of CN's independent board directors and direct the selection of the company's next executive officer."We believe that as you come to learn more about TCI and its plans for CN, you will see that its motives are highly suspect and its approach to railroading is outdated, myopic and destructive to longer term value," CN's letter states.A copy of CN's letter can be accessed by clicking here.
CN today issued a letter to shareholders in connection with its upcoming special meeting slated for March 22, 2022, and in response to recent materials filed by CIFF Capital and TCI Fund Management (collectively TCI).The letter outlines what CN's board and management team believe are TCI's "misleading claims" about the company, which CN officials said have been "disruptive" to the railroad's "sustainable value creation efforts."TCI — the largest shareholder of Canadian Pacific, CN's direct competitor — recently increased its stake in CN so that it could launch a hostile effort to replace four of CN's independent board directors and direct the selection of the company's next executive officer."We believe that as you come to learn more about TCI and its plans for CN, you will see that its motives are highly suspect and its approach to railroading is outdated, myopic and destructive to longer term value," CN's letter states.A copy of CN's letter can be accessed by clicking here.