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CP Rail moves a piece of Montreal’s heritage to Calgary

(The following story by Ingrid Peritz appeared on the Globe and Mail website on November 18, 2009.) MONTREAL — He’s deemed one of Canada’s greatest financial geniuses of all time, a builder of the mighty railroad and the first Canadian to earn a peerage....

Canadian Pacific announces $379 million debt offering

(The Associated Press circulated the following on November 12, 2009.) NEW YORK — Canadian Pacific Railway Co. is issuing about $379 million (400 million Canadian dollars) of notes that it could use for pension obligations and restructuring of debt. Parent Canadian...

Canadian Pacific’s rail volumes level off

(The following story by Scott Deveau appeared on the Financial Post website on November 12, 2009.) OTTAWA — Any glimmer of hope that a sustained volume recovery was underway at Canadian Pacific Railway Ltd. dimmed yesterday with the country’s second-largest...

Canadian Pacific salutes fallen soldiers

(The Canadian Pacific Railway issued the following on November 9, 2009.) CALGARY, Alberta and SIOUX FALLS, S.D. — On November 11th, network-wide, all Canadian Pacific and Dakota, Minnesota and Eastern Railroad trains will safely halt at 11AM local time, observe two...

Buffett buy may trigger interest in Canadian Pacific

(The following story by Scott Deveau appeared on the Financial Post website on November 4, 2009.) OTTAWA — Shares in Canadian railways jumped yesterday on news Warren Buffett plans to acquire Burlington Northern Santa Fe Corp., renewing speculation a smaller sector-al...

No injuries reported in Northbrook as freight trains collide

(The following story by Todd Shields appeared on the Northbrook Star website on November 1, 2009.) CHICAGO — Under a full autumn moon, freight car trains lay splayed and crushed early Sunday night on both sides of Shermer Road in Northbrook near the Glenview border....

Pullback, earnings lead to CP Rail upgrades

(The following story by Scott Deveau appeared on the Financial Post website on October 28, 2009.) OTTAWA — The recent pullback in shares of Canadian Pacific Railway Ltd. combined with a better-than-expected earnings this week led to a series of upgrades on the stock...

CP Rail skeptical on freight volumes, focused on costs

(The following story appeared on the Financial Post website on October 28, 2009.) OTTAWA — Despite some hopeful signs the economy is on the mend, Canadian Pacific Railway Ltd. remains skeptical that a rebound in freight volumes will occur before the second half of...

Canadian Pacific announces third-quarter results

(Canadian Pacific issued the following on October 27, 2009.) CALGARY — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced third-quarter net income of $195 million, an increase of 14 per cent from $171 million in 2008. Diluted earnings per share were $1.16, an...