CP Hosts Connect 2019 to Foster Growth

Canadian Pacific (CP) recently brought together short line railroads and transload operators, representatives of more than 50 companies, to its Calgary headquarters for Connect 2019—an effort to nurture collaboration and develop efficient service offerings to customers, with the goal of fostering sustainable, profitable growth.

CP: “Improved Performance Measures”

Canadian Pacific (CP) announced record third-quarter revenues of C$1.98 billion, and reported diluted earnings per share (EPS) of C$4.46, or C$4.61 on an adjusted diluted EPS basis. The Class I railroad also achieved a record-low quarterly operating ratio of 56.1%.

CP 2Q19: “Growth across every line of business”

Canadian Pacific Railway (CP) announced it set record second-quarter revenues of C$1.98 billion, an increase of 13% from last year’s C$1.75 billion, and a second-quarter operating ratio record of 58.4%, a 580 basis point improvement over last year’s second-quarter operating ratio of 64.2%.

CP opens VAC

Canadian Pacific has opened its new Vancouver Automotive Compound (VAC), which has been located to handle motor vehicles made in North America for distribution in British Columbia, northern Washington State and parts of Alberta, as well as vehicles imported through the Port of Vancouver.