Canadian Pacific

Canadian Pacific announced on Monday, Nov. 17, 2014 it would sell a line of roughly 200 miles, cutting across Pennsylvania and New York, to Norfolk Southern Corp. for $192.6 million.
During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably…
Canadian Pacific Railway on Tuesday, Oct. 21, 2014, announced record third-quarter net income of C$400 million (US$356.4 million), or C$2.31 (US$2.06) per diluted share, up from C$324 million or C$1.84…
Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a…
The Surface Transportation Board, in a decision dated Oct. 14, 2014 (Docket No. EP 724, “United States Rail Service Issues,” has asked Canadian Pacific Railway to “answer specific questions to…
CSX posted record third-quarter 2014 net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last…
At age 70, when most of his contemporaries have retired, Canadian Pacific (CP) Chairman Hunter Harrison is plotting his legacy—a seamless North American transcontinental rail duopoly initiated by his proposed…
Canadian Pacific has approached CSX about a merger, and CSX has rejected the proposal, according to reports in The Wall Street Journal, New York Times, Toronto’s Globe & Mail, and…
Canadian Pacific Railway, under the leadership of CEO E. Hunter Harrison, is “raising the bar, again,” according to Cowen & Co. Managing Director and Railway Age Wall Street Contributing Editor Jason…
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more…
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