February 7, 2012 | CP, Headlines
(Source: Reuters, February 6, 2012) TORONTO — Hunter Harrison, the former railroad boss that an activist investor wants to take charge of Canadian Pacific Railway, said on Monday CP has to transform its complacent company culture if it wants to improve its lagging...
February 6, 2012 | CN, CP, Headlines
(Source: Business News Network, February 6, 2012) OTTAWA — Hunter Harrison is so convinced that he will be driving a turnaround at Canadian Pacific Railway Ltd. that he invested $5 million last week in the freight carrier’s shares. “Look, you think I...
February 6, 2012 | CP, Headlines
(Source: Reuters, February 5, 2012) VANCOUVER, B.C. — The activist investor rocking the caboose in Canada’s usually composed rail sector needs to lay out a clear, compelling and credible turnaround plan for Canadian Pacific Railway if he wants to win over...
February 3, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, February 2, 2012) CALGARY, Alberta — Canadian Pacific today announced that, by leveraging its North Main Line infrastructure, the company is now shipping crude oil by rail from a new transload facility near...
February 3, 2012 | CP, Headlines
(Source: Financial Post, February 3, 2012) OTTAWA — Canadian Pacific Railway Ltd. was upgraded to overweight from neutral at JPMorgan as analyst Thomas Wadewitz sees even more upside in the stock. CP shares have performed well in recent months as investors gain...
February 1, 2012 | CP, Headlines
(Source: Globe and Mail, January 31, 2012) TORONTO — In dueling bandwagon campaigns, Canadian Pacific Railway Ltd.’s directors and executives will embark on a road show this week, just days before activist investor Bill Ackman arrives in Toronto to promote his pick...
January 31, 2012 | CP, Headlines
(Source: Globe and Main, January 31, 2012) TORONTO — Canadian Pacific Railway Ltd.’s directors and executives will embark on a road show this week in hopes of persuading institutional investors to back CP’s efficiency strategy and shun activist investor Bill Ackman’s...
January 30, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, January 26, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited announced its fourth-quarter and full year 2011 results today. Fourth-quarter CP reported net income of $221 million and diluted earnings per share...
January 30, 2012 | CN, CP, Headlines
(Source: Financial Post, January 27, 2012) TORONTO — William Ackman’s Pershing Square Capital Management will make its case to shareholders for a new CEO at Canadian Pacific Railway at a meeting on Feb. 6 in Toronto, according to a person familiar with the fund’s...
January 30, 2012 | CP, Headlines
(Source: Vancouver Sun, January 27, 2012) VANCOUVER, B.C. — While Canadian Pacific Railway Ltd. is under fire for its productivity, company CEO Fred Green told a Vancouver Board of Trade audience Friday that he won’t sacrifice the social license his railway has...
