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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Canadian Pacific Kansas City Limited | TSX:CP | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.50 | -2.26% | 108.00 | 107.93 | 108.74 | 110.50 | 107.95 | 110.31 | 2,315,988 | 21:12:25 |
By Robb M. Stewart
Canadian Pacific Kansas City plans to team up with CSX to build and deploy hydrogen locomotive conversion kits for diesel-electric locomotives as part of a push to lower-emission operations.
Canadian Pacific said that as a first step under a proposed joint venture, Florida-based CSX plans to convert one of its diesel locomotives using a hydrogen conversion kit developed by the Canadian railway operator.
The collaboration will expand the Canadian company's hydrogen locomotive program beyond a single railroad.
CSX said the initiative with Canadian Pacific will benefit from its advanced, large-scale facilities where the locomotives will be built.
In late-2020, Canadian Pacific unveiled plans to develop North America's first line-haul hydrogen-powered locomotive by retrofitting a diesel freight locomotive with hydrogen fuel cells and battery technology. By the end of 2022, the company's initial zero-emissions hydrogen locomotive had made its first revenue moves and Canadian Pacific said it has deployed a second hydrogen locomotive for testing in terminal operations and expects it will enter service later in 2023.
Canadian Pacific said that nearly the entire freight locomotive fleet of all railway operators in North America consists of diesel-powered units, which representing the industry's most significant source of greenhouse gas emissions.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
June 22, 2023 14:47 ET (18:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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