Canadian Pacific Railway News Updates

BusinessLogistics

Chicago Commuter Rail System Opposes Proposed CP-KCS Merger

One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.

March 25, 2022
GovernmentBusinessLogistics

Canadian Pacific Reaches Deal With Union to End Stoppage

Canadian Pacific Railway said it will resume normal operations after it agreed to work with an arbitrator on a contract for 3,000 workers, ending a two-day work stoppage.

March 22, 2022
GovernmentBusiness

Canadian Pacific Work Stoppage Could Hit US Agriculture

DETROIT — Canadian Teamsters and CP Rail blamed each other for a work stoppage March 20 that brought trains to a halt across Canada and interrupted fertilizer and other shipments to and from the U.S.

March 21, 2022
BusinessLogistics

Canadian Pacific Set to Shut Down if Labor Talks Fail

Canadian Pacific Railway Ltd. has issued a 72-hour notice to the Teamsters Canada Rail Conference of plans to lock out employees early March 20 if the union’s leadership and the company fail to negotiate a settlement or agree to binding arbitration.

March 17, 2022
BusinessLogistics

Canadian Pacific Set to Halt Operations If Labor Talks Fail

Canadian Pacific Railway Ltd. is gearing up to halt operations after failing to reach a labor deal with unionized workers.

March 17, 2022
GovernmentBusinessLogistics

Kansas City Southern Earnings Rise

As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.

February 3, 2022
BusinessLogistics

Canadian Pacific Says Weather, KCS Merger Affected Q4 Results

Severe winter weather along part of its network and increased costs with the proposed merger of Canadian Pacific Railway with Kansas City Southern impacted fourth-quarter financial results.

January 28, 2022
GovernmentBusinessLogistics

Creation of Voting Trust Advances CP-KCS Deal

A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad.

December 14, 2021
Business

Canadian Pacific Shareholders Back Purchase of Kansas City Southern

Canadian Pacific’s $31 billion plan to acquire Kansas City Southern cleared one of its final hurdles Dec. 8 when CP shareholders overwhelmingly approved the deal that would create the first railroad connecting the United States, Canada and Mexico.

December 8, 2021
BusinessLogistics

Canadian Pacific Railway Starts Bond Sale for KC Southern Deal

Canadian Pacific Railway Ltd. is tapping the U.S. investment-grade bond market to help fund its acquisition of Kansas City Southern.

November 17, 2021