CP Rail Archives - Railway Age

January 07, 2022
Class I

VIDEO INTERVIEW: 2022 RAILROADERS OF THE YEAR – CANADIAN PACIFIC’S KEITH CREEL AND KANSAS CITY SOUTHERN’S PAT OTTENSMEYER

Railway Age’s 2022 Railroader of the Year Award, our 59th annual, goes to two exemplary and visionary North American rail industry leaders: Canadian Pacific President and Chief Executive Officer Keith Creel, and Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer. The two are reconfiguring the North American rail landscape by completing, if all goes as planned, what will be the first Class I merger in more than 20 years, and creating North America’s first transnational freight railroad, Canadian Pacific Kansas City, or CPKC.

July 20, 2018
Class I

TCRC-T&E ratify with CP

The Teamsters Canada Rail Conference-Train & Engine (TCRC-T&E) has ratified a new four-year agreement with Canadian Pacific. Additionally, CP’s Kootenay Valley Railway conductors and locomotive engineers ratified a five-year agreement.

February 16, 2017
Class I

CP campaign touts preventative use of in-cab cameras for safety

Canadian Pacific Railway on Tuesday launched an awareness campaign highlighting the safety benefits of the prevetative use of inward-facing cameras in the cabs of locomotives.

July 20, 2016
Class I

For CP, a tough second quarter

The second quarter of 2016 was not kind to Canadian Pacific, though in line with CP’s quarterly outlook, released in June.

July 20, 2016
Class I

Hunter Harrison readies for a transition

E. Hunter Harrison came out of retirement in 2012 to lead Canadian Pacific out of the Class I basement, where it had languished for several years. The following year, his protégé, Keith Creel, left CN to join his mentor. Next July, Creel will officially fill Harrison’s shoes upon Harrison’s retirement after more than a half-century in railroading.

April 20, 2016
Class I

CP: Record Q1 results, and a share repurchase

Despite a 4% drop in revenues, Canadian Pacific Railway Ltd. posted its lowest-ever first-quarter operating ratio of 58.9% and reported diluted earnings per share of $3.51, or $2.50 on an adjusted diluted earnings per share basis, for first-quarter 2016.

April 08, 2016
Class I

DOJ, DOD oppose CP-NS combination

The Surface Transportation Board, in seeking comments addressing Canadian Pacific’s petition for an expedited declaratory order, has received letters from the U.S. Department of Justice and the Department of Defense-United States Army, Military Surface Deployment and Distribution Command Transportation Engineering Agency, Railroads for National Defense Program opposing CP’s proposed acquisition of Norfolk Southern, and/or CP CEO Hunter Harrison becoming a senior executive at NS.

December 03, 2015
Class I

CP ratifies DM&E BLET agreement

Canadian Pacific Railway on Dec. 3, 2015 ratified a multi-year collective agreement with the 300 locomotive engineers, assistant engineers, conductors and brakemen on CP U.S. subsidiary Dakota, Minnesota & Eastern Railway (DM&E) represented by the Brotherhood of Locomotive Engineers and Trainmen (BLET).

Commentary

November 30, 2015
Class I

CP-NS: Voting trust and other conundrums

Levitation takes two forms among railroads—magnetic levitation relating to futuristic high-speed passenger transport, and stock levitation associated with bidding wars for asset control.

November 18, 2015
Class I

CP + NS fully in play

The day after confirming that it had made an offer to Norfolk Southern—and following NS’s tepid response—Canadian Pacific on Nov. 18, 2015 disclosed the contents of the offer letter it sent to NS chief executive Jim Squires “to clarify the details of a proposal that would result in the creation of a pro-competitive, pro-customer, coast-to-coast transportation solution.”