Canadian Pacific Railway

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

Retrieved on: 
Friday, April 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: 
Wednesday, March 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: 
Wednesday, March 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: 
Saturday, March 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: 
Tuesday, January 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: 
Monday, December 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.

Cielo Announces Closing of Asset Purchase Transaction with Expander Energy Inc. and Results of Shareholder Meeting

Retrieved on: 
Friday, November 10, 2023
Sale, Acquisition, Engineering, CFO, End-user license agreement, Asset purchase agreement, License, Creosote, FOR, News, EPA, Transaction, Person, Transport, Interest, Canadian Pacific Railway, TSX Venture Exchange, Biomass, Culture, TCD, Protected area, Partnership, Research, CMC, Security (finance), Management, Oil, Lease, Project, Cielo, Expander, Operation, Loan

CALGARY, Alberta, Nov. 10, 2023 (GLOBE NEWSWIRE) --  Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it has closed the asset purchase transaction (the “Transaction”) with Expander Energy Inc. (“Expander”) announced on September 20, 2023.

Key Points: 
  • CALGARY, Alberta, Nov. 10, 2023 (GLOBE NEWSWIRE) --  Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce that it has closed the asset purchase transaction (the “Transaction”) with Expander Energy Inc. (“Expander”) announced on September 20, 2023.
  • Pursuant to an asset purchase agreement dated September 15, 2023, as amended and restated on November 8, 2023 (the “Asset Purchase Agreement”) between Cielo and Expander, Cielo has acquired assets and liabilities of Expander to operate the EBTL™ and BGTL™ technologies business being acquired from Expander (the “Acquired Business”).
  • Ryan Jackson, CEO of Cielo, commented, “The completion of this agreement is a significant achievement for Cielo and Expander shareholders.
  • Cielo and Expander have agreed to make certain amendments to the Asset Purchase Agreement, including the removal of Cielo’s financing obligations.

Minister O' Regan announces reappointments to the Canada Industrial Relations Board

Retrieved on: 
Thursday, October 26, 2023
Knowledge, Section 13 of the Canadian Human Rights Act, Canada Industrial Relations Board, International Labour Organization, Bell Canada, Employment equity (Canada), Government, Ogilvy Renault, Workplace, Transport, Commerce, CANADA, Canada Labour Code, Organization, University of Ottawa Faculty of Law, You're A Vision Award, Structure of the Canadian federal government, Lawyer, Association of University of New Brunswick Teachers, NAV CANADA, Employment, Carleton University, Retirement, Canadian Human Rights Commission, University, Bar of Quebec, Privacy, Platinum, NAV, Quebec, Hearing, Bar association, Heenan Blaikie, Nursing, Canadian Pacific Railway

Elizabeth Cameron has been serving as a full-time employer representative member of the Canada Industrial Relations Board since 2021.

Key Points: 
  • Elizabeth Cameron has been serving as a full-time employer representative member of the Canada Industrial Relations Board since 2021.
  • She held the positions of Vice-President, Labour Relations at NAV CANADA, where she served as chief labour relations negotiator under numerous collective agreements.
  • Richard Brabander has been a full-time member of the Canada Industrial Relations Board since 2013.
  • Barbara Mittleman has been serving as a part-time employer representative member of the Canada Industrial Relations Board since 2016.

Kansas City Current and CPKC Announce Historic Stadium Naming Rights Agreement

Retrieved on: 
Thursday, October 19, 2023
Town, CP, Sport, Heart, East High School, Organization, Kansas City Current, CPKC, Student, Partnership, School, KC, Canadian Pacific Railway, KCS, Airline, Entertainment, Kansas City metropolitan area

KANSAS CITY, Mo., Oct. 19, 2023 /PRNewswire/ -- The Kansas City Current and CPKC are proud to announce the first stadium for a women's professional sports team built in the world will officially now be known as CPKC Stadium.

Key Points: 
  • KANSAS CITY, Mo., Oct. 19, 2023 /PRNewswire/ -- The Kansas City Current and CPKC are proud to announce the first stadium for a women's professional sports team built in the world will officially now be known as CPKC Stadium.
  • The historic 10-year naming rights agreement is a continuation of CPKC's long-established legacy of investing in women's professional sports and a groundbreaking commitment to the Kansas City community.
  • CPKC, which has its U.S. corporate headquarters in Kansas City, was created with the combination of two historic railways – Canadian Pacific (CP) and Kansas City Southern (KCS).
  • In addition to naming rights for CPKC Stadium, the outdoor gathering space at the entrance to the stadium will be called CPKC Plaza.

Kansas City Current and CPKC Announce Historic Stadium Naming Rights Agreement

Retrieved on: 
Thursday, October 19, 2023
Town, CP, Sport, Heart, East High School, Organization, Kansas City Current, CPKC, Student, Partnership, School, KC, Canadian Pacific Railway, KCS, Airline, Entertainment, Kansas City metropolitan area

KANSAS CITY, Kan., Oct. 19, 2023 /PRNewswire/ - The Kansas City Current and CPKC are proud to announce the first stadium for a women's professional sports team built in the world will officially now be known as CPKC Stadium.

Key Points: 
  • KANSAS CITY, Kan., Oct. 19, 2023 /PRNewswire/ - The Kansas City Current and CPKC are proud to announce the first stadium for a women's professional sports team built in the world will officially now be known as CPKC Stadium.
  • The historic 10-year naming rights agreement is a continuation of CPKC's long-established legacy of investing in women's professional sports and a groundbreaking commitment to the Kansas City community.
  • CPKC, which has its U.S. corporate headquarters in Kansas City, was created with the combination of two historic railways – Canadian Pacific (CP) and Kansas City Southern (KCS).
  • In addition to naming rights for CPKC Stadium, the outdoor gathering space at the entrance to the stadium will be called CPKC Plaza.