May 21, 2012 | CP, Headlines
(Source: Globe and Mail, May 19, 2012) OTTAWA — With the changing of the guard at Canadian Pacific Railway Ltd., here are five key people to watch as the Bill Ackman era begins at the 131-year-old transportation giant: Hunter Harrison, Paul Hilal, Stephen Tobias,...
May 21, 2012 | CP, Headlines
(Source: Teamsters Canada Rail Conference press release, May 19, 2012) OTTAWA, Ontario — Teamsters Canada Rail Conference (TCRC) which represents some 4,800 workers at Canadian Pacific has issued today a 72 hours strike notice that will take effect on May 23rd at...
May 18, 2012 | CP, Headlines, KCS
(Source: Associated Press, May 17, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on May 17, including CP Rail, which rose 0.3 percent, and KCS, which fell 6.4 percent. Full story: CBS News
May 18, 2012 | CP, Headlines
(Source: Canadian Press, May 17, 2012) CALGARY, Alberta — The search for a new boss at Canadian Pacific Railway Ltd. is underway after an activist hedge fund succeeded in its months-long battle to oust CEO Fred Green, a 34-year veteran of the railroad. Full story:...
May 18, 2012 | CP, Headlines
(Source: New York Times, May 18, 2012) OTTAWA — In a blow to Canada’s business establishment, the activist investor William A. Ackman won his proxy battle for control of the Canadian Pacific Railway, one of the country’s oldest and most prominent companies. Full...
May 18, 2012 | CP, Headlines
(Source: Alberta Farmer Express, May 17, 2012) CALGARY, Alberta — Canadian Pacific Railway’s new Board of Directors could hit its first obstacle as early as Wednesday, when the railway’s unionized engineers, conductors, traffic controllers, trainmen and...
May 17, 2012 | CP, Headlines
(Source: Associated Press, May 16, 2012) NEW YORK — Shares of some top railroad companies were mixed at the close of trading on May 16, including CSX, which rose 0.1 percent, and Union Pacific, which fell 0.4 percent. Full story: CBS News
May 17, 2012 | CP, Headlines
(Source: Reuters, May 17, 2012) NEW YORK — Canadian Pacific Railway Ltd Chief Executive Fred Green resigned on Thursday, handing activist shareholder William Ackman a clear victory after a bruising proxy battle for control of Canada’s second biggest railroad....
May 17, 2012 | CP, Headlines
(Source: Globe and Mail, May 17, 2012) TORONTO — The board and management of Canadian Pacific Railway Ltd. buckled at the 11th hour today, heading off what was shaping up to be a humiliating defeat in a proxy battle in Calgary. Fred Green is stepping down as chief...
May 17, 2012 | CP, Headlines
(Source: Canadian Pacific press release, May 17, 2012) CALGARY, Alberta — Canadian Pacific Railway announced today the departure of Fred Green as President and Chief Executive Officer effective immediately. Mr. Green leaves the Company following 34 years of dedicated...
