AMTRAK PLEDGES SUPPORT FOR CP-KCS COMBINATION

Amtrak and Canadian Pacific Railway Limited (CP) (TSX: CP) (NYSE: CP) today announced an agreement with Amtrak supporting the proposed combination of CP and Kansas City Southern (KCS) railways.  

“CP has been an excellent host of Amtrak intercity passenger service year after year and has established itself as a leader in the railroad industry,” said Stephen J. Gardner, Amtrak President. “We welcome CP’s commitment to our efforts with states and others to expand Amtrak service and are pleased to have reached an agreement formalizing CP’s support of Amtrak expansion in the Midwest and the South.

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$10 to $15 for a train ride between Baton Rouge and New Orleans? It could be just a year away

A $10 to $15 passenger train ride between Baton Rouge and New Orleans could be just a year or so away — if all the pieces fall into place. 

Canadian Pacific Railway is close to gaining ownership of the train tracks that run between the two cities after its shareholders earlier this month approved a $31 billion takeover of Kansas City Southern, which currently owns the train lines. Canadian Pacific also committed to working with passenger rail operator Amtrak and state and local governments to start the passenger service as soon as possible.

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DOT-FRA filing in Gulf Coast case offers detailed criticism of CSX-NS arguments

The U.S. Department of Transportation and Federal Railroad Administration call for the Surface Transportation Board to order the restoration of Amtrak service along the Gulf Coast — and offer detailed criticism of arguments by CSX Transportation and Norfolk Southern against that service — in a Tuesday filing with the Surface Transportation Board.

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MAYOR CANTRELL ISSUES STATEMENT REGARDING PASSENGER RAIL COMMITMENT FROM CANADIAN PACIFIC RAILWAY

Mayor LaToya Cantrell today issued the following statement regarding the announcement of a pending merger between Canadian Pacific Railway and Kansas City Southern. This partnership provides an opportunity to expand rail service between New Orleans and Baton Rouge, utilizing funding as part of the Infrastructure Investment and Jobs Act (IIJA) that includes approximately $66 billion in grant dollars for passenger rail services and expansion programs.  

“The recent commitment from Canadian Pacific to provide one round-trip service per day between New Orleans and Baton Rouge is a vital step forward in our continued push to link New Orleans by rail along the Gulf South,” said Mayor LaToya Cantrell. “This critical connection will expand regional transportation and employment opportunities, and can provide an additional mode of evacuation from forecasted storms, giving residents immediate transit service out of harm’s way in the event of an emergency. This is a win-win for our entire region, connecting communities through transformative infrastructure projects and by improving public safety as we continue to experience faster, more intense storms.” 

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Canadian Pacific shareholders vote for KCS merger plan

Canadian Pacific shareholders yesterday voted overwhelmingly in favor of the issuance of CP common shares to Kansas City Southern common stockholders in connection with the proposed CP-KCS combination.

The CP shareholders voted on two items during yesterday's special meeting. The first vote was to approve the issuance of up to 277,960,197 CP common shares as the share consideration under the terms of the merger agreement. The second vote was to approve the Class I’s name change to Canadian Pacific Kansas City Ltd. The name change depends on the proposed merger’s approval by the U.S. Surface Transportation Board (STB).

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CANADIAN PACIFIC PLANS INAUGURAL ROUND TRIP FOR BR-NOLA PASSENGER RAIL

Passenger rail on its way to reality for SoLA Super Region

James Clements, SVP of Strategic Planning and Technology Transformation for Canadian Pacific Railway, today announced that the railway is committed to the establishment of passenger rail between Baton Rouge and New Orleans. Clements joined Governor John Bel Edwards, Louisiana Secretary of Transportation Shawn Wilson, local elected officials, and business leaders representing the SoLA Super Region for a conversation on Southern Louisiana passenger rail this morning.  

Passenger rail service between Louisiana’s two largest cities would follow Canadian Pacific’s approved control of the track, as proposed in the pending Canadian Pacific-Kansas City Southern merger application, and completion of necessary infrastructure improvements in conjunction with stakeholders.  At today’s event, Clements expressed the willingness of Canadian Pacific Railway to open capacity of a Canadian Pacific-owned track to an initial one round trip per day; increased capacity could be accommodated depending on available funding for required capital improvements.

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Canadian Pacific commits to New Orleans-Baton Rouge passenger train if KCS merger is approved

Louisiana governor says state DOT will pursue federal funding for rail infrastructure

NEW ORLEANS — A senior Canadian Pacific official told New Orleans and Baton Rouge, La., civic leaders on Wednesday that the railroad will permit a single passenger round trip between the two cities, without any infrastructure improvements, if CP’s merger with Kansas City Southern is approved by the Surface Transportation Board.

James Clements, Canadian Pacific’s senior vice president of Strategic Planning and Technology Transformation, did admit that at present, “it’s not a very fast …or high-capacity railroad, and that’s why we believe there are some upgrades needed for speed, in particular. Because there is not a lot of capacity, we’re just not confident that you could add a second [round trip] without significant impacts on passenger and freight.”

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STB grants Amtrak access to CSX yard in Mobile, Ala.

Score one small win for Amtrak in its ongoing effort to launch service along the Gulf Coast.

The Surface Transportation Board on Monday issued a decision honoring Amtrak’s request for an order allowing it access to CSX Transportation’s Choctaw Yard in Mobile, Ala., to conduct a survey to determine a possible site for a layover track for trains on the proposed New Orleans-Mobile route.

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Southern Rail Commission Celebrates $1 Trillion Infrastructure Bill

The Southern Rail — an advocate for comprehensive rail transit in Louisiana, Mississippi, and Alabama — said the recently passed federal infrastructure bill will lead to new development opportunities for passenger rail throughout the nation including expanded service in the Gulf South. The SRC said the bill will bring critical upgrades to railways and passenger rail connections, and economic development opportunities.

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