CPKC's Creel sees his compensation jump to $20 million after railway merger

Canadian Pacific Railway trains sit at the main CP Rail train yard in Toronto on Monday, March 21, 2022. THE CANADIAN PRESS/Nathan DenetteThe head of Canada's second-biggest railway enjoyed a big jump in compensation after a historic year for the company as it integrated a major acquisition.

The continent's two smallest Class 1 railways joined forces after CP acquired KCS for US$31 billion in December 2021. The move marked the continent’s first big rail merger in more than two decades, making the joint railway network the only one to stretch from Canada through the United States to Mexico.

At rival Canadian National Railway Co., compensation moved in the other direction last year. Its six senior executives saw their total compensation decrease three per cent to $29.6 million, largely due to lower bonuses after the Montreal-based company fell short of performance targets.Chief executive Tracy Robinson's compensation nudged up by two per cent to $14.0 million, mainly because she joined as CEO two months into 2022 and was not paid for a full year.

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