Canadian Pacific gets a grip with frac sand deal
Canadian Pacific has signed on to operate frac sand unit trains to one of North America’s major oil and gas drilling centers.
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Canadian Pacific, intermodal union in pact
Canadian Pacific and the United Steelworkers Local 1976 reached a tentative five-year labor agreement covering approximately 600 administrative support and intermodal employees in Canada.
Brooks new CMO for Canadian Pacific
Canadian Pacific has promoted John Brooks to senior vice-president and chief marketing officer, responsible for business units and sales and marketing staff based throughout North America.
Canadian Pacific Holiday Train raises $1.2M and 250,000 pounds of food
Canadian Pacific (CP) announced on Dec. 22 that its 18th annual Holiday Train has collected donations of $1.2 million and 250,000 pounds of food to this point.
Canadian Pacific: “A chill from up North”
Canadian Pacific on June 21, 2016 provided an earnings outlook for the year’s second-quarter “due to lower-than-anticipated volumes in bulk commodities, such as grain and potash, the unexpected and devastating wildfires in northern Alberta and a strengthening Canadian dollar.”
Another white paper from Canadian Pacific
Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb. 3, 2016 released a white paper, CP-NS: A Comprehensive Approach to Regulatory Approval “detailing the comprehensive, merit-based process any merger application would be subject to at the Surface Transportation Board,” CP said.
Canadian Pacific’s implementation and use of ATGMS
The Engineering Services track of the American Railway Engineering and Maintenance-of-Way Association’s (AREMA) Annual Conference kicked off with a presentation from Ron Gagne, director track systems, Canadian Pacific (retired), on the railroad’s implementation of an autonomous track geometry measurement system (ATGMS).
Canadian Pacific braces for TCRC strike
The Teamsters Canada Rail Conference-Running Trades (TCRC-RT), the union representing more than 3,000 active Canadian Pacific locomotive engineers and conductors at CP, has provided official notice of its intent to strike the railroad in the event there is not a negotiated settlement on contract talks that have been ongoing for more than one year.
2015 Railroader of the Year: Hunter Harrison, Canadian Pacific
Now a two-time recipient of the industry’s most prestigious award, this giant of railroading tackles the questions, where are we going, and how are we going to get there?
CANADIAN PACIFIC’S HUNTER HARRISON NAMED RAILROADER OF THE YEAR BY RAILWAY AGE
December 22, 2014: E. Hunter Harrison, Chief Executive Officer of Canadian Pacific (CP), has been named 2015 Railroader of the Year by railroad industry trade journal Railway Age.
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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 originally targeted for 2014 into this year, funded by a higher than anticipated 2013 cash flow projection.
Canadian Pacific names Creel president and COO; reaches settlement with CN
Canadian Pacific appointed Keith Creel as president and chief operating officer effective February 5, 2013. E. Hunter Harrison, former chief executive officer of Canadian National, will remain CEO of CP.
Canadian Pacific hit by strike
Canadian Pacific began Wednesday suffering a strike delivered by Teamsters Canada.
Canadian Pacific proxy battle heats up
The stage has been set for Canadian Pacific’s annual shareholders meeting on May 17, where hedge fund Pershing Square Capital Management will attempt a takeover of CP and replace the railroad’s president, Fred Green, and board of directors with its own candidates.
Canadian Pacific sells $500 million in debt
Canadian Pacific Railway Ltd. announced Tuesday that that subsidiary Canadian Pacific Railway Co. is issuing: US$250 million of 4.50% Notes due 2022 and US$250 million of 5.75% Notes due 2042. The transaction is expected to close on Dec.1.
Canadian Pacific 3Q earnings slip
Canadian Pacific early Tuesday announced third-quarter net income of C$186.8 million, or earnings of C$1.10 per share, down 5%, or 7 Canadian cents per share, from earnings of C$197.3 million in the
Canadian Pacific charts a comeback course
Bigger is indeed better for this transcontinental carrier, which is operating some of the longest freight trains in North America. A railroad’s stock performance isn’t its only measure of excellence, but it’s a good one.
Canadian Pacific charts a comeback course
Bigger is indeed better for this transcontinental carrier, which is operating some of the longest freight trains in North America.
Canadian Pacific tests biodiesel fuel under wintry conditions
Canadian Pacific is working with Natural Resources Canada in what is described as "an industry-leading biodiesel fuel pilot project," part of the National Renewable Diesel Demonstration Initiative. The test marks the first use biodiesel fuel in Canadian