Rail News Home Union Pacific Railroad 3/9/2022 Rail News: Union Pacific Railroad
Union Pacific Railroad yesterday announced it will begin using a higher biodiesel blend in locomotives it acquired from Wabtec as part of UP's plan to reduce its carbon footprint.The new collaboration helps the Class I as it works to increase the percentage of low-carbon fuels consumed to 10% of its total diesel consumption by 2025 and 20% by 2030, UP officials said in a press release."Increasing the use of renewable diesels and biofuels currently represents the most promising avenue to help Union Pacific meets its environmental goals," said Beth Whited, UP's executive vice president of sustainability and strategy. "We want to drive emissions down as quickly as possible, and we believe this new project with Wabtec will make a difference."UP will begin testing B20 biodiesel and R55 renewable diesel on trains powered by Wabtec FDL engines operating in California in second-quarter 2022. As testing progresses, it is anticipated that higher percentages of biofuels will be used.The project will help UP meet its science-based target to reduce greenhouse gas emissions 26% by 2030 and reach its ultimate goal of net-zero emissions by 2050.Wabtec locomotives were previously approved for B5 R30 (5% biodiesel and 30% renewable diesel) for locomotive engines. Biofuel is a domestically produced, clean-burning, renewable substitute for petroleum diesel."Biodiesel and renewable diesel are important sustainable solutions for the rail industry both in the near-term and in the future," said Bob Bremmer, group VP for Wabtec's Fleet Innovation and Transformation division.
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Rail News Home Canadian Pacific 3/9/2022 Rail News: Canadian Pacific
The Mexico-to-Midwest train is a sign of things to come if the Surface Transportation Board approves the merger between CP and KCS, said CP President and CEO Keith Creel. Photo – cpr.ca
The Mexico-to-Midwest train is a sign of things to come if the Surface Transportation Board approves the merger between CP and KCS, said CP President and CEO Keith Creel. Photo – cpr.ca
Canadian Pacific announced today it has launched the first dedicated intermodal train between Lazaro Cardenas in Michoacan, Mexico, and the U.S. Midwest.
CP worked with Kansas City Southern on an interline basis to launch the first Lazaro Cardenas-to-Chicago train, which was born out of the need to avoid excessive delays due to the unprecedented and ongoing supply chain challenges affecting North America's West Coast, CP officials said in a press release.
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Rail News Home Canadian Pacific 3/8/2022 Rail News: Canadian Pacific
Billionaire investor William Ackman and his hedge fund Pershing Square Capital Management has a new stake in Canadian Pacific worth CA$280 million, according to news media reports.The investment makes Pershing Square one of CP's top 20 shareholders, reuters.com reported yesterday.Pershing Square reported owning 2.8 million CP shares as of Dec. 31, 2021, according to a March 7 regulatory filing cited in the report.The hedge fund began buying into the railroad in September 2011, but was forced to sell five years later to pay back investors as the fund faced losses. Ackman called those sales one of the firm's "greatest investment regrets," reuters.com reported.
Billionaire investor William Ackman and his hedge fund Pershing Square Capital Management has a new stake in Canadian Pacific worth CA$280 million, according to news media reports.The investment makes Pershing Square one of CP's top 20 shareholders, reuters.com reported yesterday.Pershing Square reported owning 2.8 million CP shares as of Dec. 31, 2021, according to a March 7 regulatory filing cited in the report.The hedge fund began buying into the railroad in September 2011, but was forced to sell five years later to pay back investors as the fund faced losses. Ackman called those sales one of the firm's "greatest investment regrets," reuters.com reported.