CP Rail and the Saskatchewan government are fighting one another in court with the railway saying it shouldn’t be paying provincial taxes because of an agreement made in 1881. The CPR Act stated CP Rail and its stations, buildings, yards, workshops and other things as well as the company’s capital stock shall be forever free […]
Canadian Pacific Rail has lowered its volume outlook for the year due to the drought and supply chain challenges. CP says it now expects low single digit volume growth this year compared with last year. However, the railway says it remains confident it will deliver full-year double digit adjusted earnings per share growth. CP says […]
A CP freight train carrying potash has derailed north of the town of Silton which is about 40 minutes north of Regina. The Transportation Safety Board says it happened Saturday morning around 5 a.m. No injuries were reported and there are no public safety concerns according to the Board. TSB investigators along with investigators from […]
A death investigation is underway after a 56-year-old Regina man died when he was hit by a train. Regina Police say they received a report from CP Rail early Sunday morning that an eastbound train had hit a pedestrian. Police went to where the train was stopped just east of the Albert Street overpass where […]
Canadian Pacific Railway announced it will acquire Kansas City Southern in a deal worth $29 billion. The newly merged company will be named Canadian Pacific Kansas City. The railways say the deal had unanimous support from both boards. The merger will now need to be approved by the U.S. Surface Transportation Board. If approved, the […]
UPDATE – Moose Jaw Police say there is no threat to the community after a train collision at the CP Rail yard early Wednesday morning. The rail cars in question have since been removed from the scene. At 5:30 a.m., police were called to the CP rail yard on the 1700 block of Coteau Street […]
A Saskatchewan farmer woke up to an unexpected inconvenience Wednesday after a train derailed overnight Tuesday, blocking her property. Joy Guider, who lives near Halbrite, says she heard a lot of noise during a storm that hit the area Tuesday, but she thought that it was something else. “We were having a storm and the […]
Canadian grain shipments to port are booming this spring. CP Rail set a best-ever monthly total in April, with 2.8-million tons of grain going to market, beating last November’s record by over 100,000 tons. The executive director of the Western Grain Elevators Association, Wade Sobkowich, says the COVID-19 outbreak has reduced rail shipments of other […]
Canadian Pacific Railway Ltd. has significantly lowered its financial guidance due to the fallout from the COVID-19 pandemic, saying a drop in crude oil and automotive shipments will outweigh gains in grain traffic. The company forecasts that revenue ton miles — a key industry metric — will fall by mid-single digits and that adjusted diluted […]
A preliminary report on the February 6 derailment of a CP Rail train near Guernsey has been released and it shows no mechanical defects were found on the train The report on the incident, that saw 31 cars come off the tracks with 19 of them catching on fire, adds a review of the locomotive […]
