Today (12-10-21), the Canadian Pacific Railway Ltd. (CP) moved one step closer in completing their proposed combination with the Kansas City Southern Railroad (KCS), welcoming the results of a vote by KCS stockholders in strong support of the proposed CP-KCS combination. CP shareholders voted in favor of the combination during a special meeting on Wednesday, December 8, 2021.
The Canadian National Railway Co. (CN) confirmed today (12-6-21) that their trains are once again moving in the southern British Columbia corridor, following the third flooding event in two weeks to hit the region. The CN says service resumed Sunday after crews worked around the clock on the Vancouver-Kamloops corridor.
The Canadian National Railway Co. (CN) on Friday afternoon (12-3-21) said it was aiming to reopen its rail network in southern British Columbia over this weekend. This followed another round of heavy rain and strong winds, which prompted a second shutdown of service. CN said on Friday that engineers and construction crews continue to work on the Vancouver-Kamloops corridor.
Starting on Wednesday (12-1-21), authorities said its railway port will “suspend the import of non-containerized goods including timber, coal, mineral powder, chemical fertilizers, and other products that require manual loading and unloading.” The aim is to “strengthen prevention and control” of the outbreak at ports and “effectively block the spread of overseas epidemics through imported goods.”
Canadian Pacific’s (CP) $31 billion plan to acquire the Kanas City Southern Railroad (KCS), creating a railroad that will link Canada, the US, and Mexico, cleared a major hurdle with the approval of Mexican regulators. The CP said on Friday that the US Surface Transportation Board’s (STB) review of the deal is expected to continue into the fourth quarter of next year.
The Canadian Pacific Railway (CP) said on Monday (11-22-21) that it expects to reopen its rail line from Kamloops to Vancouver by midway on Tuesday (11-23-21). According to a statement released by Keith Creel, CP president and CEO, the railway will be working to “clear the backlogs as quickly and efficiently as possible.”
The rail lines that link Vancouver, B.C. and the southern part of British Columbia with the rest of Canada are flood-damaged and expected to be impassable for days. The rail lines owned by the Canadian Pacific Railway Ltd. and the Canadian National Railway Co. run along the Fraser River, which went over its banks and cut off roads, bridges, and tracks in this week’s heavy rain and flooding.
On Friday afternoon (10-29-21), the Canadian Pacific Railway Limited (“CP”) and Kansas City Southern (“KCS”) announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico, and Canada.
According to Freightwave.com and American Shipper, as of Tuesday (9-21-21) there were approximately 70 container ships loaded with cargo waiting at anchor or drifting off the ports of Los Angeles and Long Beach. While the numbers fluctuate from day to day, there were 70 container ships in the queue on Monday with total capacity of 432,909 twenty-foot equivalent units.
A deal between South Pacific Shipping (SPS) and Oldendorff Carriers has been finalized. “A Post-Panamax will carry underdeck twice the volume of a conventional logger but will not require any fumigation by Methyl Bromide as no logs will be carried on deck.”