Canadian Pacific (CP) recorded its best-ever quarter and June for moving Canadian grain and grain products.
In response to ongoing social unrest and social injustice across the United States, Canadian Pacific (CP) is donating $1 million to three organizations to support the people of Minneapolis, home to the headquarters of CP’s U.S. operations, as well as support meaningful positive change nationally.
Canadian Pacific (CP) has completed its previously announced acquisition of the Central Maine & Quebec Railway US Inc. (CMQ US).
Canadian Pacific (CP) reported a record-setting month in the movement of Canadian grain and grain products. In April, CP moved a best-ever monthly total of 2.8 million metric tonnes (MMT) to market, bettering the previous record set in November 2019 by more than 100,000 metric tonnes (MT).
Canadian Pacific (CP) is donating $1 million to four North American charities working on the front lines to help people impacted by COVID-19. In Canada, CP will donate C$350,000 to The Frontline Fund and C$250,000 to Food Banks Canada. In the U.S., CP will donate US$250,000 to Feeding America and up to US$150,000 in matching funds to the American Red Cross.
Canadian Pacific Railway set records for operating ratio and revenues in the first quarter of 2020, and will continue to invest capital in anticipation of an economic recovery, rather than increase its shareholder dividend and buy back shares—a strategy at least one Wall Street analyst is calling “noteworthy, prudent and logical.” For the remainder of the year, the railroad expects volume to decrease somewhat, with adjusted diluted earnings per share flat.
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.