Canadian Pacific (CP) recently announced that it took home the Best Logistics Service Provider – Rail award at the Asian Freight Logistics and Supply Chain Awards (AFLAS) in Hong Kong.
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.
As of the end of May 2019, Canadian Pacific (CP) set a grain record by moving 22.5 million metric tonnes (MMT) of Canadian grain and grain products since the start of the 2018-2019 crop year.
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) 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.
The past two decades have been a time of steady growth for Union Pacific’s only route to the Canadian border, running from Hinkle, Ore., north through Spokane, Wash., to Eastport, Idaho. Capacity improvements performed over the past several years, and more scheduled for 2019, are evidence of UP’s commitment to accommodate new business through this seldom-mentioned international gateway.
The Alberta Petroleum Marketing Commission (APMC) has signed contracts with CN and Canadian Pacific to utilize 4,400 DOT117 tank cars to transport oilsands crude (bitumen) to U.S. and international markets. Alberta Premier Rachel Notley announced the plan, which also includes locomotive leases, on Feb. 19.
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.”
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.
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.”