20:09:35 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Canadian Pacific Kansas City Ltd
Symbol CP
Shares Issued 931,653,127
Close 2023-10-23 C$ 96.58
Market Cap C$ 89,979,059,006
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Globe/CP says Via wants right of way over CN, CP tracks

2023-10-24 07:45 ET - In the News

See In the News (C-CNR) Canadian National Railway Company

The Globe and Mail reports in its Tuesday edition that Via Rail boss Mario Peloquin says the federal government should move toward giving Via Rail trains formal right of way on the tracks over freight trains. A Canadian Press dispatch to The Globe reports that Mr. Peloquin says the measure would reduce trip disruptions prompted by Canada's two main freight railways -- whose tracks Via runs on -- and vastly improve performance on periodically tardy passenger trains. It would also align Canada with regulations in the United States, where Amtrak passenger cars enjoy priority. Not all rail industry players are on board. Ideally, the measure would go hand-in-hand with a passenger bill of rights. Freight Management Association of Canada president John Corey says giving Via right of way over the country's two Class 1 rail operators -- Canadian National Railway and Canadian Pacific Kansas City -- would further pressure an already strained supply chain, as would a rights charter. Mr. Corey says: "Prioritizing passenger rail service over freight rail service would be the tail wagging the dog. Freight railways, their customers and Canadians in general would be subsidizing the few people using the passenger rail system."

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