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End of an era

(Source: Renfrew Mercury, August 3, 2011) CP rails being pulled up CALGARY, Canada — It’s the end of an era. Railway travel has been part of Renfrew and surrounding communities since 1872, but that chapter ends this year. Ed Greenberg, a Calgary-based spokesman with...

Canadian Pacific announces second-quarter 2011 results

(Source: Canadian Pacific Railway press release, July 27, 2011) CALGARY, Alberta — Canadian Pacific Railway Limited announced its second-quarter 2011 results today with reported net income of $128.0 million and diluted earnings per share of $0.75. Revenue and expense...

CP Rail reopens flooded railway line in North Dakota

(Source: Reuters, July 13, 2011) VANCOUVER, B.C. — Canadian Pacific Railway reopened its flooded mainline track from Saskatchewan through North Dakota. Reuters reports the line was reopened five days earlier than expected. Source:...

Weather woes continue at Canadian Pacific Railway

(Source: Financial Post, June 30, 2011) OTTAWA — Beset by blizzards and avalanches in the winter and floods in the spring, the Canadian Pacific Railway is facing another operating obstacle as major flooding continues in North Dakota. It is expected the weather woes...

North Dakota flooding adds to CP Rail’s woes

(Source: Reuters, June 23, 2011) VANCOUVER, B.C. — Canadian Pacific Railway has shut a key freight line through North Dakota due to flooding, another blow to the railroad’s severe-weather plagued operations so far this year. Full story:...

CP Rail eyes slice of crude oil pie

(Reuters circulated the following on June 20, 2011.) CALGARY, B.C. — Canadian Pacific Railway chief executive Fred Green had a message for investors about the oil under southern Saskatchewan: This time it will be different and railways will get a piece of the pie....

For investors, Canadian National beats Canadian Pacific

(Bloomberg News circualted the following on June 15, 2011.) NEW YORK — Canada’s two biggest railways are under pressure from government and customers to reduce delays, with investors profiting from Canadian National Railway Co.’s performance and losing on Canadian...

CP selects site for new Regina intermodal terminal

(The following appeared on the Progressive Railroading website on June 13, 2011.) On Friday, Canadian Pacific, provincial and local officials announced the site for a new intermodal facility in Regina, Saskatchewan. The terminal will be located at a 300-acre site in...

CP Rail stresses long-term view after weather woes

(Reuters circulated the following on June 13, 2011.) VANCOUVER, B.C. — Canadian Pacific Railway will have to work to earn back customer confidence lost because of recent weather woes, but it expects any drop in market share is temporary. Flooding and other weather...