CALGARY,
AB, Feb. 1, 2024 /PRNewswire/ - Canadian
Pacific Kansas City (CPKC) today announced its membership in the
RailPulse Coalition.
RailPulse, founded by a dynamic consortium of forward-thinking
railcar owners, is working to develop, broaden and accelerate the
use of GPS and other telematics technologies on railcars that
increase safety, efficiency, and visibility across North America's freight rail industry.
CPKC becomes the third Class I railroad and 10th
member of the coalition, joining Bunge
North America, GATX, Genesee & Wyoming Inc., Norfolk
Southern Corporation, Railroad Development Corporation, The
Greenbrier Companies, TrinityRail, Union Pacific Railroad, and
Watco Companies LLC.
"We are pleased to be a part of RailPulse and to contribute to
accelerating adoption of railcar telemetry in North America," said John Brooks, CPKC Executive Vice President and
Chief Marketing Officer. "This collaboration aligns with our
commitment to innovation and will play an important role in
modernizing our customer experience and provide benefits to the
entire supply chain by advancing safety and improving
operations."
The key objectives of RailPulse include:
- Industry Wide Telematics Infrastructure: The initiative
facilitates collaboration among industry players by creating a
secure, trusted, standardized, and vendor neutral railcar
telematics infrastructure that spans the entire North American
freight rail industry.
- Data-Driven Transformation: By building an information
infrastructure that harnesses data from GPS and railcar-mounted
sensors and prioritizing data standardization and storage in the
cloud, RailPulse focuses on delivering actionable insights enabling
enhance service levels, visibility, safety, sustainability, and
productivity.
- Enhanced Service through Visibility: Through RailPulse,
the integration of telematic sensors on railcars enables the
generation of valuable data, empowering shippers with real-time
visibility of railcar and goods movements to make informed
decisions and optimize their operations.
"We welcome CPKC to the RailPulse Coalition. Together, we will
drive transformative change in the rail sector by combining our
strengths and fostering a culture of innovation," said David Shannon, General Manager
of RailPulse. "This partnership underscores our commitment to
shaping the future of rail transportation."
Response from RailPulse Members:
"The Board of RailPulse is very excited to welcome CPKC," said
Mike McClellan, RailPulse Board
Chair and Sr. VP &Chief Strategy Officer at Norfolk
Southern. "CPKC brings a breadth of railroading knowledge to
the table, and the insights that CPKC will be able to contribute
from operating in 3 countries will be invaluable as we drive
RailPulse to serve all of North
America."
Forward looking information
This news release contains certain forward-looking information
and forward-looking statements (collectively, "forward-looking
information") within the meaning of applicable securities laws in
both the U.S. and Canada.
Forward-looking information includes, but is not limited to,
statements concerning expectations, beliefs, plans, goals,
objectives, assumptions and statements about possible future
events, conditions, and results of operations or performance.
Forward-looking information may contain statements with words or
headings such as "financial expectations", "key assumptions",
"will", "anticipate", "believe", "expect", "plan", "should",
"commit", "outlook", "guidance" or similar words suggesting future
outcomes.
This news release contains forward-looking information relating,
but not limited, to statements about future technology and the
potential for telematics technologies to increase safety,
efficiency, and visibility across North
America's freight rail industry and CPKC's expected benefits
from such future technology.
The forward-looking information contained in this news release
is based on current expectations, estimates, projections, and
assumptions, having regard to CPKC's experience and its perception
of historical trends.
Forward-looking information involves many inherent risks and
uncertainties that could cause actual results to differ materially
from the forward-looking information, including but not limited to
the factors that are detailed from time to time in reports filed by
CPKC with securities regulators in Canada and with the U.S. Securities and
Exchange Commission (SEC) in the United
States.
Reference should be made to "Item 1A - Risk Factors" and "Item 7
- Management's Discussion and Analysis of Financial Condition and
Results of Operations - Forward-Looking Statements" in CPKC's
annual and interim reports on Form 10-K and 10-Q. Any
forward-looking information contained in this news release is made
as of the date hereof. Except as required by law, CPKC undertakes
no obligation to update publicly or otherwise revise any
forward-looking information, or the foregoing assumptions and risks
affecting such forward-looking information, whether as a result of
new information, future events or otherwise.
About CPKC
With its global headquarters in
Calgary, Alta., Canada, CPKC is the first and only single-line
transnational railway linking Canada, the United
States and México, with unrivaled access to major ports from
Vancouver to Atlantic Canada to the Gulf of México to
Lázaro Cárdenas, México. Stretching approximately 20,000 route
miles and employing 20,000 railroaders, CPKC provides North
American customers unparalleled rail service and network reach to
key markets across the continent. CPKC is growing with its
customers, offering a suite of freight transportation services,
logistics solutions and supply chain expertise. Visit
cpkcr.com to learn more about the rail advantages of CPKC.
About RailPulse: RailPulse, formed in 2020 by a
diverse group of industry leading stakeholders, is dedicated to
transforming the rail industry through accelerating the adoption of
GPS and other telematics technologies delivered through an
open-architecture railcar telematics platform. The platform
emphasizes data standardization, cloud storage, and delivering
actionable insights to enhance service levels, visibility, safety,
and efficiency in North American rail-based supply chains.
Visit railpulse.com to learn more about the RailPulse
initiative.
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SOURCE CPKC