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For CP, a record first-quarter 2014
With net income of C$254 million or C$1.44 per diluted share, Canadian Pacific has posted “the best first quarter financial results in company history,” Chief Executive Officer E. Hunter Harrison…
STB to review railroad service issues
The Surface Transportation Board announced Tuesday, April 1, 2014 that it will hold a public hearing on April 10 "to provide interested persons the opportunity to report on recent railroad…
CP on Canadian grain legislation: “Ineffective and grossly unfair”
Canadian Pacific on March 27, 2014 issued a strong response to the Canadian government’s decision to introduce legislation expanding already-regulated interswitching limits for grain movements.
Canada grain shippers, railways in a “cold” war
Clearing the autumn grain harvest from trackside elevators is a perennial occasion for ritual fist-shaking on the Canadian Prairies. Western Canadian farmers enjoy a long tradition of blaming the railways…
SPECIAL REPORT: Keeping Railroads Healthy
Railroads are operating at peak safety, profitabilty, and productivity levels. Let’s keep them that way.
CP 4Q, full year set numerous records
Canadian Pacific said it set numerous records for both its fourth quarter and full-year 2013, and offered guidance suggesting continued improvement in 2014.
Savage expands crude oil logistics services in Western Canada
Savage, a provider of bundled supply chain management services for electric power generation, coal production, oil and gas, refining, agriculture, chemical, mining and manufacturing, has expanded its CBR (crude by…
Morningstar names CP’s Harrison 2013 CEO of the Year
Independent investment research provider Morningstar, Inc. has named Canadian Pacific chief executive E. Hunter Harrison as its 2013 CEO of the Year. Morningstar annually recognizes a chief executive “who exhibits…
CP to sell DM&E right-of-way to GWI
Canadian Pacific and Genesee & Wyoming, Inc., in a joint announcement Thursday, Jan. 2, 2014, said they had "executed an agreement pursuant to which CP will sell the west end…
CP Holiday Train raises record funds
Canadian Pacific on Christmas Day, 2013, said it has "officially wrapped up its journey across Canada and the United States raising record donations for North American food banks."
Canada cracking down on CBR shippers
Canada’s government has ordered Transport Canada to crack down hard on crude oil shippers who they say continue to evade a directive that they test the contents of tank cars…
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…
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