Railroad News

The Bettendorf, Iowa, City Council last week approved a $3 million agreement with Canada Pacific that would address noise and safety concerns if CP's merger with Kansas City Southern receives federal approval.

CP would pay the $3 million within 60 days of the Surface Transportation Board’s approval of the merger, the Quad-City Times reported last week. The merger plan is currently under the board’s review.

Canadian Pacific yesterday announced it has joined the United Nations Global Compact, a voluntary leadership platform for the development, implementation and disclosure of socially responsible business practices.

The Class I is the first freight-rail company in North America to participate in the compact, CP officials said in a press release. Launched in 2000, it is the largest corporate sustainability initiative in the world, with more than 15,000 participating companies in more than 160 countries.