CP ordered to interchange trains with MM&A

Canadian Pacific said Thursday, Aug. 22, 2013, that it has been ordered by the Canadian Transportation Agency (CTA) to interchange traffic with short line railroad Montreal, Maine & Atlantic Railway (MM&A), “effective immediately.”

BNSF’s Johnson succeeds CP’s McFarlane in U.S.

Robert Johnson, who has spent 32 years with BNSF Railway and its predecessors, most recently as General Manager-Northwest Division, has been appointed Canadian Pacific Railway’s Vice President U.S. Operations. He replaces Senior Vice President U.S. Operations Doug McFarlane (pictured), who has announced his retirement after 37 years with CP in both Canada and the United States.

2013 Freight Rail Outlook: The challenge of change

Resilience and resourcefulness are two terms that have become closely associated with North American railroads in recent years. The industry has emerged from the worst economic recession since the Great Depression in relatively solid shape, and enters 2013 positioned for growth.


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. I caught Harrison’s Tuesday evening opener via webcast and was impressed with what I heard, teeing up, as it did, the Wednesday main event, which CP Vice President Investor Relations Janet Weiss invited me to attend.

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 Stanley Best Idea.”

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 last place among North American Class I’s in terms of operating ratio, productivity, cost structure, business growth, and other performance measurements.

CP to explore options for DM&E west end

Canadian Pacific on Tuesday announced its intention to explore strategic options for its main line track from Tracy, Minn., west into South Dakota, Nebraska, and Wyoming, and is inviting expressions of interest from prospective partners.

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 mines, a plan on which DM&E had begun work several years earlier.