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Bullboard - Stock Discussion Forum Canadian Pacific Kansas City Ltd T.CP

Alternate Symbol(s):  CP

Canadian Pacific Kansas City Limited, formerly Canadian Pacific Railway Limited, operates a single-line transnational railway linking Canada, the United States and Mexico, with access to the ports from Vancouver to Atlantic Canada, to the Gulf of Mexico, and to Lazaro Cardenas, Mexico. The Company operates approximately 20,000 miles of rail and provides North American customers with... see more

TSX:CP - Post Discussion

Canadian Pacific Kansas City Ltd > to reopen B.C. rail corridor Tuesday
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Post by Betteryear2 on Nov 22, 2021 3:56pm

to reopen B.C. rail corridor Tuesday

CALGARY, ABNov. 22, 2021 /CNW/ - Canadian Pacific (TSX: CP) (NYSE: CP) announced today that it would reopen its railway between Kamloops, B.C. and Vancouver by mid-day Tuesday, Nov. 23. Crews have worked around the clock after the Nov. 14 atmospheric river rain storm in British Columbia, where nearly 200 millimetres of rain fell over two days in some locations. Thirty locations across CP's Thompson and Cascade subdivisions were damaged with 20 resulting in significant loss of infrastructure.

"I am extremely proud of the CP team. Their extraordinary dedication, grit and perseverance in the face of extremely challenging conditions are the reasons we are able to restore our vital rail network in only eight days," said Keith Creel, CP President and CEO. "The following 10 days will be critical. As we move from response to recovery to full service resumption, our focus will be on working with customers to get the supply chain back in sync."

As CP resumes operations and moves from restoration to recovery, CP will closely coordinate with customers and terminals to clear the backlogs as quickly and efficiently as possible. Success will require collaboration across the supply chain with urgent weekend work and flexible schedules at customer and terminal locations to help get freight moving efficiently again.    

 
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