Canadian Pacific (CP) announced its 4Q19 results—including record revenues of C$2.07 billion, an operating ratio of 57%, improved diluted earnings per share of C$4.82 and a record adjusted diluted EPS of C$4.77—as well as its full-year 2019 figures, which were highlighted by a 7% revenue increase to a record C$7.79 billion.
Canadian Pacific (CP) moved more Canadian grain and grain products in 2019’s final quarter than any prior quarter in the company’s history.
The 21st annual Canadian Pacific (CP) Holiday Train recently wrapped up its North American tour, and, while final numbers are still being calculated, it raised more than C$1.49 million and collected 238,393 pounds of food.
CP recently released Sustainably Driven, its 2018 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 reached an agreement with Fortress Transportation and Infrastructure Investors LLC (FTII) to acquire the Central Maine & Quebec Railway (CM&Q).
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.
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%.
Canadian Pacific (CP) recently presented G3 Pasqua with the 2018-2019 crop-year Elevator of the Year award. CP presents this award annually to the grain elevator that achieves high volumes from a single loading point while consistently demonstrating efficient railcar loading and a strong commitment to safety.
In what that railroad is describing as “part of the next stage of its transformational journey,” Canadian Pacific is making changes in some senior-level executive positions, following two retirements.
Canadian Pacific has joined the Blockchain in Transport Alliance (BiTA). In joining the alliance, CP is supporting BiTA’s mission of producing blockchain standards that allow for interoperability between participants in the global supply chain.