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CP reports new record January for Canadian grain transport

(Source: Canadian Pacific Railway press release, February 2, 2023) CALGARY — Canadian Pacific moved 2.29 million metric tonnes (MMT) of Canadian grain and grain products in January 2023, setting a new record for the month. CP has moved more than 15 MMT of Canadian...

CP Rail reports Q4, full-year 2022 results

(Source: Canadian Pacific Railway press release, January 31, 2023) CALGARY — Canadian Pacific Railway Limited today announced its fourth-quarter results, including revenues of $2.46 billion, operating ratio (“OR”) of 59.8 percent, adjusted OR1 of 59.1...

Unifor reaches tentative agreement with CP Rail

(Source: Unifor press release, January 13, 2023) VANCOUVER, B.C. — Unifor Local 101R has reached a tentative agreement with Canadian Pacific Railway (CP), covering 1,200 workers at 18 locations from British Columbia to Quebec. “These are hard working members who...

UP, CP led Class I railroads in growth in 2022

(Source: Trains Magazine, January 5, 2023) Union Pacific and Canadian Pacific were the only major Class I railroads to show volume growth in 2022. UP took the crown among the top six systems, with its overall traffic up 2%. The increase was driven by a 5% gain in...