CP: Dividend increased by 27.5%
Canadian Pacific (CP) recently declared a quarterly dividend of $.83 per share on the outstanding Common Shares, an increase of 27.5% to the previous dividend of $.65 per share.
Canadian Pacific
CP: “Strong momentum” on heels of record-setting April
Canadian Pacific (CP) revealed that, on top of a “strong network performance,” it had a record-setting April, as the Calgary, AB-based railroad delivered a best-ever 2.643 million metric tonnes (MMT) of Canadian grain and grain products.
CP 1Q2019: “Strong momentum”
Canadian Pacific, coming off a tough winter, posted first-quarter 2019 increases in revenues and earnings per share, accompanied by a 1.8% operating ratio increase.
CP to appeal TC Ministerial Order
Canadian Pacific announced that it is appealing Transport Canada’s Feb. 8 Ministerial Order to address the securement of trains on mountain grades after a train is stopped by an emergency brake application.
UPDATE: CP grain train derailment claims three lives
Three Canadian Pacific Railway crew members were killed early Feb. 4 in a grain train derailment east of Field, B.C., on the Laggan Subdivision. The 112-car westbound train derailed at about 1:00 a.m. Mountain Time (3:00 a.m. Eastern Time) as it emerged from the Upper Spiral Tunnel, plunging about 200 feet off a bridge into the Kicking Horse River. The three Calgary-based crew members killed have been identified as conductor Dylan Paradis, engineer Andrew Dockrell and trainee Daniel Waldenberger-Bulmer.
For CP, “a watershed year”
Canadian Pacific Railway on Jan. 24 announced record results for fourth-quarter and full-year 2018. “The power of the CP operating model is evident in the strong performance across the company,” said Keith Creel, President and CEO. “We set records across many lines of business in 2018, including Canadian grain, potash and domestic intermodal. 2018 was a record by almost every measure and will be remembered as a watershed year.”
CP plans Rogers Pass tunnel overhaul
The Canadian Pacific Railway is planning extensive work in its famed Mount Macdonald Tunnel in British Columbia, at 9.1 miles the longest railway tunnel in North America.
CP’s Creel: CTA Vancouver service problem probe “irresponsible”
Canadian Pacific President and CEO Keith Creel has lashed out at the Canadian Transportation Agency’s (CTA) investigation of possible freight rail service problems at the Port of Vancouver, calling the agency’s probe “far-reaching” and “irresponsible.”
Strong start to the year as carloads outgain intermodal
The U.S. Class I railroads started the New Year in impressive fashion, as freight and intermodal traffic notched solid gains for the week ending January 5.
Former Norfolk Southern, CP execs join R.J. Corman board
Short line operator and rail services provider R. J. Corman Railroad Group appointed two longtime Class I railroad executives to its board of directors.