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United Steelworkers, CP strike five-year agreement
Canadian Pacific and the United Steelworkers (USW) Local 1976, which represents approximately 800 clerical and intermodal workers, have entered into a five-year agreement effective Jan. 1, 2013. The current contract…
CP touts “turnaround” as 3Q earnings beat Street
Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in…
CP announces new senior operations team
In a move long anticipated by many rail industry observers, Canadian Pacific Wednesday announced the senior operations team who will lead the execution of the new service plans under CP…
Franczak quits as CP operating chief
Canadian Pacific Monday announced the resignation of Mike Franczak, executive vice president and chief operations officer, effective immediately. CP CEO E. Hunter Harrison said a replacement would not be named immediately.
CP, “The last great rail turnaround”
Wall Street analyst William Greene of Morgan Stanley Research North America is telling investors in the rail sector that Canadian Pacific Railway, under the direction of newly appointed chief executive E.…
CP names Redeker chief information officer
Canadian Pacific announced Friday that Michael Redeker has been appointed vice president and chief information officer, effective Oct. 15. Redeker was most recently chief information officer at ATB Financial.
CP touts faster transcontinental service
Canadian Pacific Monday said it has launched new faster intermodal train services connecting Vancouver, British Columbia, to Toronto or Chicago.
Rail oil prospects excite Wall Street
Railroads these days are enjoying good “fracking” business—no pun intended—and Wall Street has taken notice.
Joy, trepidation, fear at CP—all at the same time
The worst kept secret in the railroad industry for more than a month has been the identity of the new chief executive of Canadian Pacific Railway. For the record, E.…
Hunter Harrison named CP President, CEO
Canadian Pacific Friday officially made its long-anticipated move of appointing E. Hunter Harrison president and chief executive officer, completing a significant revision of CP leadership through its revamped board of…
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