CALGARY — Canadian Pacific Railway Limited has completed the transaction to acquire Dakota, Minnesota & Eastern Railroad Corporation and its subsidiaries (DM&E). The agreement was previously announced on Sep. 4, 2007.
The transaction is subject to review and approval by the U.S. Surface Transportation Board (STB), pending which the shares of DM&E have been placed into […]

CALGARY– Canadian Pacific Railway Limited said it has reached an agreement to acquire the Dakota, Minnesota & Eastern Railroad Corporation and its subsidiaries (DM&E) for $1.48 billion.
With this value-enhancing transaction, Canadian Pacific expands its current network by approximately 2,500 miles and increases its access to U.S. Midwest markets including agri-products, coal and ethanol. The deal […]

OTTAWA — The Teamsters Canada Rail Conference - Maintenance of Way Employees Division (TCRC-MWED) and Canadian Pacific reached a tentative three-year contract settlement.
The agreement follows a national strike which began on May 15th. Workers could be back in their positions over the next few days.
The Memorandum of Settlement will be sent to the union membership […]

CALGARY – Canadian Pacific Railway plans to spend $885 million to $895 million in 2007 on capital programs.This is an increase from its 2006 program of roughly $845 million.
“CPR’s planned capital investments are targeted at further improving the fluidity of our network, while maintaining the reliability and safety of our infrastructure,” said Fred Green, President […]

CALGARY, Alberta – Canadian Pacific Railway and its clerical and intermodal workers, represented by the United Steelworkers (USW), have ratified a collective agreement.
The three-year agreement extends to the end of 2009. It provides improvements for wages and benefits. In addition, a number of work-life balance provisions have been implemented, which are designed to improve retention […]

WASHINGTON — The Surface Transportation Board has released letters from Class I railroads outlining their “peak season” service plans.
In June, Chairman W. Douglas Buttrey sent letters to the chief executive officers of the seven largest railroads and to the American Short Line and Regional Railroad Association (ASLRRA), asking the railroads to inform the STB of […]

KAMLOOPS, British Columbia –  In a ceremony highlighted by a Lion Dance that symbolizes good luck and good blessings, Canadian Pacific Railway named a railway interchange in Kamloops in honor of Cheng Ging Butt, […]

Class I Railroads have offered their 2004 “Fall Peak” service plans via a letter sent to Surface Transportation Board (STB) Chairman Roger Nober, the STB announced.
Nober on June 9 sent a letter to the presidents of each Class I railroad asking them to inform the Board of their plans to meet this fall’s expected increase […]

CALGARY – Canadian Pacific Railway (CPR) and Norfolk Southern Railway (NSR) on June 30 signed a memorandum of understanding for an exchange of trackage rights, freight haulage and yard services that both railroads say will increase operational efficiency and enhance rail service to customers.
“This agreement with NSR opens up new opportunity to move our northeastern […]

CALGARY, Alberta – Canadian Pacific Railway has become the first Canadian railway to use a PLUS train - a high-speed ballast unloading system that is revolutionizing the way the company spreads new ballast to maintain the integrity of a track roadbed.
PLUS or “Programmable Linear Unloading System,” reduces ballast spreading to a fraction of the time […]