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2014 TRAFFIC AND SPENDING OUTLOOK: A capital year for suppliers
2013 has been a record year for the railroads, “a very robust and challenging year for growth and re-investment,” in the words of BNSF chief executive Matt Rose. The indications…
CP appoints Demosky as Exec VP, CFO
Canadian Pacific has announced that Bart Demosky has been appointed Executive Vice-President and Chief Financial Officer, effective Dec. 28, 2013.
CP Holiday Trains ready to roll
Canadian Pacific’s annual Holiday Train program, now in its 15th year, is one of the longest-running fundraising programs in North America. Each 1,000-foot Holiday Train—one operating in Canada, one in…
Ackman to sell partial stake in CP
Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.
Record 3Q earnings for CP
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's…
Hunter Harrison to regulator: Don’t mess with my productivity
The Canadian Transportation Agency (CTA) on Sept. 13, 2013, ordered Canadian Pacific Railway to immediately cease and desist “load testing” and idling operations in proximity to its Locomotive Reliability Centre…
Potash resilient after consortium break-up
One of railroading’s least-recognized commodities found itself in the global spotlight this summer. On July 30, Russian potash producer Uralkali announced it was severing ties to the Belarusian Potash Company,…
CP ordered to interchange trains with MM&A
Canadian Pacific said Thursday, Aug. 22, 2013, that it has been ordered by the Canadian Transportation Agency (CTA) to interchange traffic with short line railroad Montreal, Maine & Atlantic Railway…
CP and UP forge Canada-to-California CBR corridor
For the past year, BNSF Railway has dominated in the shipment of crude by rail (CBR) from North America’s Bakken shale formation westward to refineries and ship terminals along America’s…
CP sets record 2Q earnings, operating ratio
Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of…
CP, K+S Potash sign deal on rail logistics
Canadian Pacific and K+S Potash signed an "exclusive long-term volume-based contract" Wednesday, July 10, 2013, for the transportation of potash products from K+S' Legacy Site, CP said Thursday.
CP to donate to Alberta flood relief effort
Canadian Pacific will donate $200,000 to the Canadian Red Cross to help victims of the devastating floods this month in southern Alberta, the railroad said Wednesday, June 25.
For CP, a rapid recovery from Alberta floods
Canadian Pacific said Monday, June 24 that its main line west of Calgary through the Banff-Canmore region of Alberta is now open after operations crews successfully restored segments impacted by…
BNSF’s Johnson succeeds CP’s McFarlane in U.S.
Robert Johnson, who has spent 32 years with BNSF Railway and its predecessors, most recently as General Manager-Northwest Division, has been appointed Canadian Pacific Railway’s Vice President U.S. Operations. He…
CP speeds up Toronto-Calgary intermodal service
Canadian Pacific said Wednesday, June 19 it has launched a faster intermodal rail service between Toronto and Calgary to better serve customers on this route. The new service offering cuts…
CP train crew saves a life, commended for bravery
On the evening of May 11, 2013, Canadian Pacific Railroad Engineer Fred Jarrell and Conductor Ben Goar were moving their train next to Warner Road near Childs Road in St.…
Whatcha gonna do when CP’s cops come for you?
Canadian Pacific Police Service officers were out in force on May 7, Operation Lifesaver’s International Level Crossing Awareness Day, at five locations along the railroad’s U.S. network to enforce grade-crossing…
Canadian Pacific increases 2013 capital investment program
In December 2012, Canadian Pacific announced a 2013 capital spending plan of up to $1.1 billion. On May 7, CP said that it will move forward certain capital spending projects…
CP contributes $100,000 to school breakfast program for Toronto children
Canadian Pacific has provided financial support to a Toronto-area program that provides a nourishing breakfast for small children every school morning, enabling it to expand its services to reach more…
CP touts “best ever” first quarter
Canadian Pacific early Wednesday reported first-quarter net income of C$217 million, or C$1.24 per diluted share, up sharply from C$142 million, or 82 Canadian cents per share, in the first…
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