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Canadian Pacific Railway increases note offer

(The Associated Press circulated the following on May 28, 2009.) CALGARY — Canadian Pacific Railway Ltd. said Thursday it will increase to $475 million the amount of its debt it is offering to buy back from bond holders. Earlier this month, the Calgary, Alberta-based...

CP Rail prepares for new post-recovery reality

(Reuters circulated the following story by Allan Dowd on May 22, 2009.) VANCOUVER, B.C. — North America’s railways should be prepared for a change in shippers’ habits once the economy recovers, the head of Canadian Pacific Railway said on Friday. Chief...

CP Rail declares dividend

(Canadian Pacific Railway issued the following on May 21, 2009.) CALGARY — The Board of Directors of Canadian Pacific Railway Limited (TSX/NYSE: CP) today declared a quarterly dividend of twenty four and three quarter cents ($0.2475) Canadian per share on the...

Grains fund to repay over $200K to CP Rail

(The following appeared on The Country Guide website on May 20, 2009.) WINNIPEG — The grains research fund that benefits when Canada’s major railways make too much money hauling Prairie grain must give Canadian Pacific Railway a partial refund from 2007-08. The...

Court allows suit over deadly CP Rail’s Minot derailment

(The Associated Press circulated the following on May 18, 2009.) WASHINGTON, D.C. — The Supreme Court says it won’t block a lawsuit against a railroad involved in a deadly derailment in North Dakota. The justices declined Monday to get involved in a dispute...

Canadian Pacific to offer $300M in 10-year notes

(The Associated Press circulated the following on May 12, 2009.) NEW YORK — Canadian Pacific Railway Ltd. said Tuesday that its main railroad Canadian Pacific operating unit is offering $300 million in 10-year notes. Canadian Pacific plans to use net proceeds from the...

Engines put in path of train carrying hazardous materials

(The following story by Dave Caldwell appeared on the Minot Daily News website on May 7, 2009.) MINOT, N.D. — Authorities are investigating a dangerous incident over the weekend in Minot involving a pair of CP Railway locomotives. Sometime between the hours of 3:30...