Canadian Pacific Railway and Maersk will build and operate a transload and distribution facility that will expand CP’s existing Vancouver Intermodal Facility. It is slated to open in 2021. In Montreal, CP has opened a new transload facility.
Canadian Pacific has presented its Safe Shipper Award to 45 customers for their “ongoing commitment” to safely transporting hazardous materials (hazmat) by rail in 2019.
CP has released Sustainably Driven, its 2019 corporate sustainability report and new framework for sustainability reporting, highlighting the company’s successes and achievements in the areas of safety, operational excellence and social impact.
Canadian Pacific (CP) has begun work to install a solar energy farm at its corporate headquarters in Calgary. The installation “is expected to generate more power than consumed annually at CP’s main headquarters building by early 2021.”
Canadian Pacific (CP) officially launched its international intermodal service through the Port of Saint John, N.B. the morning of Aug. 11. The inaugural train carried containers from the Hapag-Lloyd vessel Detroit Express bound for intermodal terminals on the CP network in Canada and the U.S.
Canadian Pacific reaffirmed “its commitment to grow traffic at the Port of Saint John and stimulate economic growth and investment in New Brunswick” at a recent meeting with Premier Blaine Higgs.
Canadian Pacific hauled more Canadian grain and grain products in the 2019-2020 crop production year than any in its 139-year history. In total, CP moved 29.52 million metric tonnes (MMT) this crop year, exceeding last year’s record of 26.77 MMT by 2.75 MMT, or 10%.
Former Canadian Pacific executive and board member William R. (Bill) Fatt has passed away, the Class I railroad announced.
Canadian Pacific (CP) has released its first public statement on climate change, which acknowledges the effects of rising global temperatures and lays out CP’s commitment to mitigate the impacts as well as supports the goals of the Paris Agreement and the Pan-Canadian Framework on Clean Growth and Climate Change, which seek to limit global temperature rise to well below 2°C above pre-industrial levels.
Canadian Pacific (CP) announced second-quarter 2020 financial and operating results, which saw net profit fall 12% and revenue decrease 9% amid “immense challenges” created by the COVID-19 pandemic. Yet, CP recorded revenues of C$1.79 billion (US$1.3 billion) and a 2Q-record operating ratio of 57% in 2Q20.