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Canadian Pacific profit jumps amid restructuring

(Source: Globe and Mail, October 24, 2012) TORONTO — The broad restructuring of Canadian Pacific Railway Ltd. is “ahead of schedule,” says the company’s new head, including efficiencies from improvements at rail yards to the paring down of its work force. Full story:...

Canadian Pacific announces new Senior Operations Team

(Source: Canadian Pacific Railway press release, October 16, 2012) CALGARY, Alberta — Canadian Pacific today announced the senior operations team who will lead the execution of the new service plans. Doug McFarlane is appointed Senior Vice- President U.S. Operations....

Hunter Harrison shuffles team at CP Rail in quest for speed

(Source: Bloomberg News, October 15, 2012) NEW YORK — Hunter Harrison is following through on his pledge to instill a “sense of urgency” and “speed things up” at North America’s least-efficient major railroad. In the past month, Canadian Pacific Railway Ltd. (CP)’s...

Fourth CP Rail executive leaves in wake of proxy battle

(Source: Reuters, October 11, 2012) NEW YORK — Canadian Pacific Railway said on Thursday that its chief financial officer, Kathryn McQuade, will retire on Nov. 1, the fourth senior executive to leave Canada’s second-largest railroad after a bruising proxy battle...

Railroad stocks down at close of October 9 trading

(Source: Associated Press, October 9, 2012) NEW YORK — Shares of some top railroad companies were down at the close of trading on October 9, including CP Rail, which fell 0.6 percent, and Union Pacific, which fell 1.1 percent. Full story: CBS...

Railroad stocks mixed at close of October 2 trading

(Source: Associated Press, October 2, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on October 2, including Canadian Pacific Railway, which rose 17 percent, and Kansas City Southern, which fell 0.9 percent. Full story: CBS...

CP Rail chief operations officer steps down

(Source: Canadian Press, October 1, 2012) CALGARY — Canadian Pacific Railway says Mike Franczak, executive vice-president and chief operations officer, is stepping down after 25 years with the company. Full story: Financial Post

Railroad stocks mixed at close of September 19 trading

(Source: Associated Press, September 19, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on September 19, including Kansas City Southern, which fell 0.8 percent, and CP Rail, which rose 2.0 percent. Full story: CBS...