Railroad News

Canadian Pacific officials this week marked the opening of the Class I's new Vancouver Automotive Compound (VAC) in Vancouver, British Columbia.

The VAC is in a prime location to handle vehicles made in North America for distribution in British Columbia, northern Washington state and parts of Alberta, as well as vehicles imported through the Port of Vancouver, CP officials said in a press release.

Canadian Pacific continues to set records for transporting Canadian grain and grain products, marking 22.5 million metric tonnes (MMT) moved from the start of the 2018-19 crop year through May 31, the Class I announced today.

Since August 2018, CP moved about 500,000 metric tonnes more grain than ever before, breaking a record set at this time in the 2015-16 crop year, said Joan Hardy, CP's vice president sales and marketing, grain and fertilizers.

Canadian Pacific's board yesterday elected Isabelle Courville as its new chair to succeed Andrew Reardon, who announced last year he is retiring.

At the company's annual shareholders meeting in Calgary, Alberta, the board also reelected Courville as a director. She is the first woman to hold the position at CP, as well as among other North American Class Is, said CP President and Chief Executive Officer Keith Creel in a press release.

Canadian Pacific moved a record amount of Canadian grain and grain products last month, the Class I announced last week.

CP moved a best-ever 2.6 million metric tons of grain and grain products, beating a previous record set in October 2018, CP officials said in a press release.