During its 2018 Investor Day, Canadian Pacific Railway on Oct. 4 reported preliminary third-quarter results, updated its 2018 guidance and unveiled the next phase of its long-term strategy, which it said is “focused on driving sustainable, profitable growth.”
Canadian Pacific moved 25.8 million metric tons (MMT) of western Canadian grain and grain products, soybeans and other non-regulated principal field crops during the 2017-2018 crop year and “stands ready to again safely and efficiently deliver during the 2018-2019 crop year.”
Canadian Pacific on March 30 responded to the Surface Transportation Board’s March 16 blanket letter requesting information on Class I railroad 2018 service outlooks.
Canadian Pacific Railway’s Expressway service, operating between Milton (Toronto) Ontario and Montreal, will close effective June 1, 2018.
Total U.S. rail traffic for the week ending Oct. 21 was 559,989 carloads and intermodal units, up 3% from the same week a year ago, according to the Association of American Railroads. Traffic totaled 268,943 carloads, up 0.2%, while intermodal volume was 291,046 containers and trailers, up 5.6%, and a record for a single week.
Traffic on U.S. railroads totaled 486,474 carloads and intermodal units, up 0.8% compared with the same week in 2016.
Canadian Pacific Railway played an important role in shaping Canada into the nation it is today, a nation celebrating its 150th anniversary. CP’s Canada 150 special, a rolling celebration of Canadian history and culture, will wind up a three-week tour on Aug. 20 in Ottawa, the country’s capital city.
Canadian Pacific Railway reported record second-quarter earnings on across-the-board improvements and ongoing volume gains through the first half of the year.