Domestic News

Canadian Pacific Files Proxy Circular, Announces Virtual Annual Meeting of Shareholders

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced today that it has completed the filing of its notice of meeting and management proxy circular for CP's 2020 annual meeting of shareholders with Canadian and U.S. securities regulators. A copy of the proxy materials is available at investor.cpr.ca.

USD Group and Railserve Form Strategic Alliance

Midstream logistics provider USD Group and on-site rail services provider Railserve are forming a strategic alliance to provide services to their shipping customers.

Construction of Alberta Crude Unit Expected to Start in April

Canadian Pacific, whose executives talked about the project during the railway’s fourth-quarter earnings call in January, and Kansas City Southern will be involved in the project. The project calls for construction to begin in April, with the DRU in service sometime in the second quarter of 2021. A subsidiary of ConocoPhillips has agreed to process 50,000 barrels per day of inlet bitumen blend through the DRU, according to USD, a master limited partnership formed by USD Group, and Gibson, a Canadian crude oil-focused infrastructure company.

“Saving America”

A Union Pacific locomotive engineer based in the Pacific Northwest who had just received his notice of exemption from travel restrictions proudly told Railway Age Contributing Editor Bruce Kelly, “We’ve gone from building America to saving it.” This UP field employee in Train & Engine Service has embraced his railroad’s slogan, “Building America,” and his heartfelt statement takes it to a higher level—from motto to mantra.

International News

China to Develop Container Terminal in Croatia

After COSCO’s success in the Greek seaport of Piraeus, other Chinese companies are in the game for constructing and operating a new container terminal in the Port of Rijeka, the largest harbour in Croatia. The Chinese consortium offered a better bid than the competing consortium of APM Terminals, part of Maersk and its Croatian partner Enna Logic. 

UK’s Rail Freight Workers Front Line Troops in Battle Coronavirus

The Rail Freight Group has called on the UK government and society at large to recognise workers in the industry as key to the survival of the UK economy, and as front line troops in the battle against coronavirus. Their statement today says they must be seen as such, so they can continue to deliver services for the economy. It also recommends wide ranging support for the industry.

Upcoming Industry Events with GBX Attendance
NEARS Spring Meeting	NARS Annual Meeting	Downstream 2020
Newport, RI April 22-24th	Kansas City, MO May 12-14th	Houston, TX June 10-11th