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CP voices support for expanding LVVR
Canadian Pacific announced Aug. 25, 2016 that it “welcomes the release of the full proceedings from the Canadian Transportation Safety Board’s (TSB) recent Transportation Safety Summit and urges government officials…
CP: Ackman cashes out
Pershing Square Capital Management L.P. principal Bill Ackman has sold all his shares in Canadian Pacific, walking away with a cool $1.5 billion.
For CP, a tough second quarter
The second quarter of 2016 was not kind to Canadian Pacific, though in line with CP’s quarterly outlook, released in June.
Hunter Harrison: Disrupting the status quo
National Transportation Policy mandates that railroads be managed efficiently. While railroad performance is reflective of improvement, some railroads excel, with the reasons increasingly under digital scrutiny by activist money managers…
CN, CP assisting in wildfire relief efforts
CN and the Canadian Pacific announced on May 5, 2016 that they are contributing a minimum of C$150,000, combined, to help people affected by the devastating wildfires that have swept…
The Thoroughbred that got away
Cover story from the May 2016 issue of Railway Age: Norfolk Southern has been looking over its shoulder for almost a year. Now, it can focus its attention ahead.
TSX accepts CP’s previously announced share repurchase program
Canadian Pacific Railway Limited announced on April 28, 2016 that the Toronto Stock Exchange (TSX) has accepted its notice to implement a normal course issuer bid (NCIB) to purchase, for…
CP: Record Q1 results, and a share repurchase
Despite a 4% drop in revenues, Canadian Pacific Railway Ltd. posted its lowest-ever first-quarter operating ratio of 58.9% and reported diluted earnings per share of $3.51, or $2.50 on an…
AAR names environmental award recipients
The Association of American Railroads on April 12, 2016 presented Michael Hoey, a CSX Transportation civil engineer from Philadelphia, Pa., the 2016 John H. Chafee Environmental Excellence Award. U.S. Senator…
See ya later, what’s-your-name
Well, it’s all over but the ruminating and regurgitating: Hedge fund king Bill Ackman had his blinders ripped off, read the handwriting on the wall, and wisely deep-sixed his attempt…
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