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CP reopens line after Minnesota oil spill
Canadian Pacifc on Thursday said it had resumed service in western Minnesota after a derailment spilled up to 30,000 U.S. gallons of oil.
Transload facility to aid North Dakota rail moves
Dakota Plains Holdings, Inc. and a joint-venture partner, Petroleum Transport Solutions, LLC, said Friday construction is under way for the Pioneer Project, designed to expand crude oil transload capacity in…
Oil a Canadian nightmare? Not for CP
One of the perks of living in the Idaho panhandle, snuggled between Washington and Montana, is the ability to eavesdrop on our Canadian neighbors just to the north. During a…
CN, CP end litigation over Hunter Harrison
CN announced Monday that it had settled its differences with CP and its former CEO Hunter Harrison over Harrison's joining CP as CEO. The announcement came as CN Executive Vice-President…
CP terms 4Q earnings “solid”
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in…
CP touts new Saskatchewan intermodal hub
Canadian Pacific on Monday announced the opening of its Intermodal Facility at Saskatchewan's Global Transportation Hub (GTH) in Regina, the provincial capital.
CP achieves key labor settlements
Canadian Pacific late Wednesday announced two labor settlements that E. Hunter Harrison, president and CEO, said puts the railroad "in a very good position to continue the work of being an…
CP, Teamsters Canada workers reach accord
The Teamsters Canada Rail Conference-Maintenance of Way Employees Division (TCRC-MWED), representing 2,600 maintenance of way workers, and Canadian Pacific reached a tentative historic five-year contract settlement, CP announced Tuesday.
Takeaways from CP’s Investor Conference
Canadian Pacific held its annual Investor Conference Dec. 4-5 in New York City; its first since Hunter Harrison took over as President and CEO and began dramatically reshaping the railroad.…
Morgan Stanley: CP a compelling investment
Following Canadian Pacific’s investor conference in New York City Dec. 4-5, Morgan Stanley transportation analyst William Greene has named CP the firm’s "top pick in Freight Transports and a Morgan…
CP’s Harrison: A “mid-60s” operating ratio by 2016
At an investor conference in New York on Tuesday, Dec. 4, Canadian Pacific’s recently installed President and CEO E. Hunter Harrison outlined his plan for taking the railroad out of…
CP scraps PRB buildout, will take 4Q write-down
When Canadian Pacific acquired the Dakota Minnesota & Eastern railroad in 2007, it also acquired the option to build a 260-mile extension of DM&E’s network into Powder River Basin coal…
CP reaches accord with electrical workers
The International Brotherhood of Electrical Workers (IBEW) System Council 11 and Canadian Pacific Thursday said the parties have reached a tentative five-year labor agreement covering approximately 450 employees who maintain…
CP offers $1 million to hurricane relief fund
Canadian Pacific Wednesday said it will donate US$1 million to assist with Hurricane Sandy relief efforts.
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.
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