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CP Rail earnings hammered by restructuring charges

(Source: National Post, January 29, 2013) OTTAWA — Canadian Pacific Railway Ltd. reported a dramatic drop in its fourth quarter earnings Tuesday with several one-time charges related to its ongoing restructuring dragging it down. CP reported net income $15-million, or...

Canadian Pacific announces 4Q 2012 operating performance

(Source: Canadian Pacific Railway press release, January 29, 2013) CALGARY, Alberta — Canadian Pacific Railway Limited announced its fourth-quarter 2012 results today. CP’s diluted earnings per share, excluding significant items comprised of labour restructuring and...

CP Rail’s Regina freight facility opens for business

(Source: Leader-Post, January 14, 2013) REGINA — The Canadian Pacific Railway said Monday that its new Regina intermodal freight facility has started operations. Located in the Global Transportation Hub (GTH) area on the city’s western edge, it’s been under...

Canadian Pacific to announce 4Q 2012 results on January 29

(Source: Canadian Pacific Railway press release, January 7, 2013) CALGARY, Alberta — Canadian Pacific will release its fourth-quarter financial and operating results at 7:30 a.m. Eastern time (5:30 a.m. Mountain time) on Tuesday, January 29, 2013. CP will discuss its...

Group wants to move oilsands products by rail to Alaska

(Source: Edmonton Journal, January 1, 2013) EDMONTON, Alberta — Alison Redford’s cabinet is expected to decide in January whether the government will spend $10 million to study the idea of building a rail line to ship oilsands products from northern Alberta to a port...

CP’s Hunter Harrison: ‘There is a new sheriff in town’

(Source: Globe and Mail, December 7, 2012) TORONTO — It has been 16 months since Hunter Harrison, the crusty, Memphis-born railway legend hauled himself to a New York museum he can’t remember for a business lunch he’ll never forget. Full story: Globe and...