January 19, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, January 18, 2012) CALGARY, Alberta — Canadian Pacific today announced the completion of the capital investments made to enhance the Locomotive Reliability Centre (LRC) in Toronto. This now completes the second phase of...
January 19, 2012 | Canada, CP, Headlines
(Source: Financial Post, January 19, 2012) OTTAWA — Hunter Harrison says he would be willing to present a more detailed proposal to Canadian Pacific Railway Ltd.’s board for improving the railway’s operations — he just needs to be asked. According to the Financial...
January 18, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, January 9, 2012) CALGARY, Alberta — On January 9, Canadian Pacific sent a letter to its shareholders from John Cleghorn, Chairman of the Board of Directors. Highlights of the letter include: • CP has a Multi-Year Plan...
January 18, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, January 17, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited announced that, as part of the Company’s Multi-Year Plan, CP will invest between $1.1 billion and $1.2 billion for infrastructure renewal, network...
January 17, 2012 | Canada, CP, Headlines
(Source: Financial Post, January 17, 2012) OTTAWA — Bill Ackman’s efforts to oust Canadian Pacific Railway Ltd.’s chief executive, Fred Green, received a ringing endorsement Monday from one of the railway’s largest unions. William Brehl, president of Teamsters Canada...
January 16, 2012 | CN, CP, Headlines
(Source: Calgary Herald, January 13, 2012) CALGARY — Canadian National has stoked the increasingly public battle over whether its former CEO will be installed as the head of rival Canadian Pacific, warning Friday that Hunter Harrison may be in breach of non-compete...
January 16, 2012 | CP, Headlines
(Source: Globe and Mail, January 16, 2012) TORONTO — Bill Ackman was just fastening in when his pilot shouted someone was blocking his private jet. Standing on the tarmac at Montreal’s Pierre Elliott Trudeau Airport was the man with whom he had just met. John...
January 16, 2012 | CN, CP, Headlines
(Source: Globe and Mail, January 14, 2012) TORONTO — There comes a moment in every corporate battle when the first cannon is fired. In the unfolding power struggle at Canadian Pacific Railway Ltd., that moment came at 7:22 a.m. on Jan. 4, when the send button was...
January 13, 2012 | CN, CP, Headlines
(Source: Bloomberg News, January 11, 2012) NEW YORK — Hunter Harrison, William Ackman’s choice to lead Canadian Pacific Railway Ltd., said he would be willing to stay in the job for as long as it takes to turn around the least efficient railroad in North America....
January 13, 2012 | CN, CP, Headlines
(Source: Financial Post, January 12, 2012) OTTAWA — One possible offshoot of all the interest in Canadian Pacific Railway stemming from the proxy battle brewing between the management of Canadian Pacific Railway and activist investor Bill Ackman is the impact on the...
