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CSX posts record 3Q 2014 results
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…
What lurks behind the door Hunter Harrison opened?
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…
CSX rejects CP merger proposal
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…
Analyst: CP “on to another finish line with sweat and speed”
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…
CP’s Harrison sets 2018 financial goals
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…
TCRC-Rail Canada Traffic Controllers ratify agreement with CP
The Teamsters Canada Rail Conference-Rail Canada Traffic Controllers (TCRC-RCTC) has ratified a labor agreement with Canadian Pacific Railway covering approximately 135 rail traffic controllers in Canada. The agreement was ratified…
STB summons CP, BNSF to service hearing
The Surface Transportation Board late Monday, Aug. 18, 2014, announced it will hold a public field hearing on Sept. 4, 2014 "to provide interested persons and parties the opportunity to…
CN, CP: Bring on the harvest
Canada’s 2014-2015 grain harvest will soon be under way, and both CN and Canadian Pacific say they are well-prepared to accommodate the new harvest with a steady throughput rate in…
CP touts “strongest financial results” in 2Q
Canadian Pacific early Thursday, July 17, 2014, reported second-quarter net income of C$371 million (US$345 million), or C$2.11 (US$1.96) per diluted share, a record for the second quarter, and up…
STB to Class I’s: File grain order plans
The Surface Transportation Board is requiring Canadian Pacific and BNSF “to publicly file their plans to timely resolve their backlogs of grain car orders, as well as weekly status reports…
FRA's Szabo views Siemens plant PTC work
Federal Railroad Administrator Joseph C. Szabo on Friday, May 30, 2014 toured a Siemens rail automation plant in Louisville, Ky., which is producing components for new Positive Train Control (PTC)…
CP CEO seeks discussions among grain interests
Canadian Pacific Chief Executive Officer E. Hunter Harrison is calling for "direct face-to-face discussions based on facts are the best way to make progress on strengthening Canada's grain handling and…
CP extends CEO Harrison's contract
Canadian Pacific Railway said Wednesday, May 7, 2014, it had agreed to a contract extension with CEO E. Hunter Harrison, adding a year to his term, which will now run…
Gary Colter named new CP chairman
Canadian Pacific Railway announced Thursday, May 1, 2014, the election of Gary F. Colter as chairman of the company's Board of Directors.
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.
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