Canadian Pacific Railway

Ancora Issues Letter to Norfolk Southern’s Board to Refute False and Unsupported Claims, Including Those Regarding Railway Labor Act Violations and “Vote Buying” from Labor

Retrieved on: 
月曜日, 5月 6, 2024
Finance, Banking, Rail, Professional Services, Transport, Railway Labor Act, Risk management, Culture, Crime, Disclosure, BLET, Toronto-Dominion Bank, Quality of life, Safety, NSC, Justice, Council of Institutional Investors, Address, Brotherhood, Canadian Pacific Railway, Vexatious litigation, Failure, Annual general meeting, Letter, Boilermaker

It’s been inaccurate when Norfolk Southern has suggested in recent days that it has the full support of rail unions.

Key Points: 
  • It’s been inaccurate when Norfolk Southern has suggested in recent days that it has the full support of rail unions.
  • It is equally important to note that many, if not most, of the BLET and the BMWED members at Norfolk Southern are both employees and shareholders.
  • These claims overlook key facts, including the following:
    The parties are completely confident that they are in compliance with applicable law, including the Railway Labor Act.
  • Norfolk Southern’s own counsel wrote to Ancora and acknowledged that memoranda among the parties were not binding on the Company.

Americold Breaks Ground on First Cold Storage Facility on CPKC Rail Network in Missouri

Retrieved on: 
火曜日, 4月 30, 2024
MMX, City, Economic development corporation, Canadian Pacific Railway, Kansas City Southern Railway, CPKC, Business development, Partnership, KC, Transport, The Missourians, Economic development

The new 335,000-square-foot facility in Kansas City is part of a strategic collaboration with Canadian Pacific Kansas City (CPKC) to co-locate Americold warehouse facilities on the CPKC network.

Key Points: 
  • The new 335,000-square-foot facility in Kansas City is part of a strategic collaboration with Canadian Pacific Kansas City (CPKC) to co-locate Americold warehouse facilities on the CPKC network.
  • "We are thrilled to break ground on a new cold storage facility in Kansas City," said George Chappelle, CEO of Americold.
  • By combining our cold storage capabilities with CPKC's extensive rail network, Americold is poised to deliver a differentiated offering to support more customers across North America."
  • Missouri Partnership worked with several partners to attract Americold to Kansas City, including: the City of Kansas City, Economic Development Corporation of Kansas City, Missouri, KC SmartPort, Missouri Department of Economic Development, Missouri One Start, Evergy, and Spire.

CSX Unveils Its First Hydrogen-Powered Locomotive in Collaboration with CPKC

Retrieved on: 
火曜日, 4月 16, 2024
Hydrogen, Environment, Canadian Pacific Railway, CPKC, Partnership, Atmosphere, Transport, CSX, CKPC, Rail transport

JACKSONVILLE, Fla., April 16, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) has unveiled its first hydrogen-powered locomotive, marking a significant milestone in sustainable freight transportation.

Key Points: 
  • JACKSONVILLE, Fla., April 16, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) has unveiled its first hydrogen-powered locomotive, marking a significant milestone in sustainable freight transportation.
  • The hydrogen locomotive was converted from an existing diesel locomotive using a hydrogen conversion kit developed by CKPC.
  • The transformation took place at the CSX locomotive shop in Huntington, W.Va.
    "The successful debut of our first hydrogen-powered locomotive stands as a testament to the exceptional skill and dedication of our employees at the CSX Huntington locomotive shop," said CSX President and Chief Executive Officer Joe Hinrichs.
  • This groundbreaking locomotive makes its debut less than 12 months after the collaboration between CSX and CPKC was announced in the summer of 2023.

ISS Recommends Shareholders Support Significant Change At Norfolk Southern by Voting the Blue Proxy Card “FOR” Five of Ancora’s Director Candidates

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火曜日, 4月 30, 2024
Professional Services, Trucking, Other Professional Services, Logistics, Supply Chain Management, Transport, Banking, Other Transport, Slate, Trade, Norfolk Southern Railway, ISS, Safety, Annual general meeting, NSC, Canadian Pacific Railway, Shareholder, Proxy, Glass Lewis, TSR, Precision, Judgement, Rail transport by country, Disclosure, Management

ISS recommends that shareholders elect William Clyburn, Jr., Sameh Fahmy, John Kasich, Gilbert Lamphere and Allison Landry to the Company’s Board of Directors (the “Board”).

Key Points: 
  • ISS recommends that shareholders elect William Clyburn, Jr., Sameh Fahmy, John Kasich, Gilbert Lamphere and Allison Landry to the Company’s Board of Directors (the “Board”).
  • Previously, Glass Lewis recommended shareholders elect six of Ancora’s director candidates, including proposed CEO Jim Barber.
  • Notably, both ISS and Glass Lewis recommend AGAINST Norfolk Southern’s proposed executive compensation.
  • Miles are in key decision-making roles, we believe the institutional biases that have hindered Norfolk Southern will remain in place and stall value creation.

Ancora Issues Letter to Fellow Shareholders Regarding Norfolk Southern’s Failures of Diligence and Poor Judgment in Appointing John Orr as COO

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金曜日, 4月 5, 2024
Professional Services, Insurance, Finance, Asset Management, Consulting, Banking, Letter, Exercise, Canadian Pacific Railway, Precision, History, Transport, Disclosure, Surface Transportation Board, KCS, Road, Workplace, Employment, CPKC, Risk, Woman, CSX, Illinois Central Railroad, Safety, CSX Corporation, Depression, Canadian National Railway, EVP, PSR, Meridian Speedway, NSC, Annual general meeting, Weakness, Female, Behavior, Verbal abuse, Security (finance)

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board”) apparent failures of diligence and poor judgment in appointing John Orr as COO.

Key Points: 
  • Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board”) apparent failures of diligence and poor judgment in appointing John Orr as COO.
  • Ancora is a sizable shareholder of Norfolk Southern, meaning our interests and your interests are squarely aligned.
  • The Board and Mr. Shaw provided CPKC with excessive financial and strategic consideration that weakens Norfolk Southern’s long-term competitive positioning.
  • Norfolk Southern operated from a position of desperation, and shareholders and other stakeholders now stand to pay a steep price.

Ancora Details Serious Governance, Process and Competition-Related Issues Stemming from Norfolk Southern’s Appointment of John Orr as COO

Retrieved on: 
水曜日, 3月 20, 2024
Rail, Professional Services, Transport, Finance, Employment, EVP, Canadian Pacific Railway, CPKC, Partnership, CSX, PSR, Meridian Speedway, Norfolk Southern Railway, NSC, Management

This decision was also made after the Board became aware of publicly filed legal actions involving Mr. Orr.

Key Points: 
  • This decision was also made after the Board became aware of publicly filed legal actions involving Mr. Orr.
  • Mr. Orr, who was hastily hired without a broad search and lacks Eastern railroad experience, does not appear to be the best available executive to implement PSR principles and help transform Norfolk Southern’s network.
  • Much to our disappointment, the Board refused to even speak with our proposed COO, Jamie Boychuk, who oversaw best-in-class operating metrics and network efficiencies at CSX.
  • Mr. Orr’s hire does not change our view that the Company continues to have the wrong CEO in Mr. Shaw and the wrong strategy in the form of “resilience” railroading.

CPKC announces departure of Executive Vice President and Chief Transformation Officer

Retrieved on: 
水曜日, 3月 20, 2024
MNBR, Concession, Climate change, Crime, Organization, Tax, Growth, Risk, Canadian Pacific Railway, Earthquake, CPKC, Meridian and Bigbee Railroad, AB, Perception, Terrorism, News, Acquisition, Transport, Public expenditure, Management, Drought, Insurance, Carbon, Flood, Pleasure, TSX, Data collection, Investment, Meridian Speedway, The, CP, Public opinion, S.A, Norfolk Southern Railway, KCS, Analysis, Result, Conversation, Violence, Weather

CALGARY, AB, March 20, 2024 /PRNewswire/ - Today, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced the departure of John Orr, Executive Vice President and Chief Transformation Officer.

Key Points: 
  • CALGARY, AB, March 20, 2024 /PRNewswire/ - Today, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced the departure of John Orr, Executive Vice President and Chief Transformation Officer.
  • "On behalf of the Board of Directors and the CPKC family I would like to thank John for his contributions and impactful leadership," said CPKC President and Chief Executive Officer Keith Creel.
  • Mr. Orr was appointed Executive Vice President and Chief Transformation Officer of CPKC on April 14, 2023.
  • Prior to this role, he served as Executive Vice President Operations for Kansas City Southern from 2021 through 2023.

CPKC celebrates historic opening of CPKC Stadium

Retrieved on: 
土曜日, 3月 16, 2024
Sport, Canadian Pacific Railway, Pacific Ocean, CPKC, Risk, AB, LPGA, University, Woman, TSX, Safety, CP, Kansas City Current

CALGARY, AB, March 14, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) representatives today joined the Kansas City Current soccer team to celebrate the opening of CPKC Stadium, the first stadium in the world built specifically for a women's professional sports team.

Key Points: 
  • CALGARY, AB, March 14, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) representatives today joined the Kansas City Current soccer team to celebrate the opening of CPKC Stadium, the first stadium in the world built specifically for a women's professional sports team.
  • Today, we proudly build on that legacy with this barrier-breaking stadium opening.
  • Today, prior to CPKC Stadium opening to the public for the first regular season Kansas City Current home game, CPKC presented the team with a new specially designed mini-train, modelled after CPKC's popular Little General mini-train.
  • CPKC and the Kansas City Current announced their historic naming rights agreement on Oct. 19, 2023.

J.B. Hunt Adds Former Kansas City Southern President and CEO Patrick Ottensmeyer to Board of Directors

Retrieved on: 
火曜日, 1月 16, 2024
Trucking, Rail, Maritime, Air, Logistics, Supply Chain Management, Transport, Other Transport, CPKC, Hill, CP, Kansas City Southern, Commerce, Power, Brookings Institution, USMCA, Freedom, NRG Energy, JBHT, Compensated emancipation, Watco, Retirement, Marketing, KCS, The Greenbrier Companies, United, Canadian Pacific Railway, Character, Management

Ottensmeyer brings more than 17 years of rail industry experience to the company’s board.

Key Points: 
  • Ottensmeyer brings more than 17 years of rail industry experience to the company’s board.
  • He served as president and CEO of Kansas City Southern (KCS), a Class I railroad, from 2015 to 2023, until the completion of the merger creating Canadian Pacific Kansas City (CPKC) in 2023.
  • Ottensmeyer served as the U.S. Chairman of the U.S. Chamber of Commerce’s U.S.-Mexico Economic Council (USMXECO) from 2019 to 2023.
  • Ottensmeyer is the third new board member since 2021 for J.B. Hunt and will serve on the board’s Compensation Committee and Nominating and Governance Committee.

Leclanché Provides a Business Update for 2023

Retrieved on: 
月曜日, 12月 25, 2023
CPKC, Water, Cobalt, History, Caledonian Maritime Assets, Toxicity, Lafarge, PFAS, Repowering, Cadell Training Centre, CMAL, Safety, Socofer, 6R, Transport, Development, Grimaldi Group, Industrial, Canadian Pacific Railway, Electric battery, Rail transport, Recycling, Brittany Ferries, Mediterranean Sea

YVERDON-LES-BAINS, Switzerland, 23rd December 2023 – Leclanché SA (SIX: LECN) a global leader in energy storage solutions, announces a comprehensive overview of key accomplishments in the year 2023.

Key Points: 
  • YVERDON-LES-BAINS, Switzerland, 23rd December 2023 – Leclanché SA (SIX: LECN) a global leader in energy storage solutions, announces a comprehensive overview of key accomplishments in the year 2023.
  • Leclanché has achieved groundbreaking advancements in the production of G/NMCA cells, delivering up to 20% more energy density while reducing cobalt content to just 5%.
  • In addition, at the SOLUTRANS 2023 Expo in Lyon, Leclanché presented the new Fortius-145, a high-energy battery system for trucks and commercial vehicles.
  • Pierre Blanc, CEO of Leclanché SA, Chief Technology & Industrial Officer of Leclanché e-Mobility SA, commented on the achievements: "2023 has been a transformative year for Leclanché as we continue to redefine the future of energy storage.