FRA Certification Helpline: (216) 694-0240

CP Rail reduces stake in Detroit River Tunnel

(Reuters circulated the following on April 1, 2009.) TORONTO — Canadian Pacific Railway said on Wednesday it planned to cut its holding in the key Detroit River Tunnel Partnership, giving a majority ownership to one of the country’s biggest pension funds. CP,...

CP Rail braces as flood moves in

(The following story by John D. Boyd appeared on The Journal of Commerce website on March 31, 2009.) WASHINGTON, D.C. — Canadian Pacific Railway is getting ready for the Red River flood to move north and possibly disrupt freight traffic there as it has in North...

CP feels the pinch, can’t predict turnaround

(The following story by Brent Jang appeared on the Globe and Mail website on March 25, 2009.) TORONTO — North American railways are increasingly feeling the pain of the recession and erosion of global trade, prompting a leading executive to caution that it’s...

CP Rail trying to control costs as volumes slump

(Reuters circulated the following on March 24, 2009.) TORONTO — Canadian Pacific Railway’s (CP.TO) average weekly carload volumes are down around 16 percent so far in 2009, the company’s executive vice president and chief financial officer said on Tuesday....

CP asks employees to help get books in order

(The following story by Brent Jang appeared on the Globe and Mail website on March 12, 2009.) TORONTO — Canadian Pacific Railway Ltd. is asking employees to burn off vacation days and also scrapping a system that allowed holiday time to be banked, part of renewed...

DM&E to replace rail this year near Rochester, Minn.

(The following story by Jeffrey Pieters appeared on the Post-Bulletin website on March 11, 2009.) ROCHESTER, Minn. — They’ll be working on the railroad here, just as soon as spring arrives. Replacement rail has been delivered to stretches along the Dakota,...

CP asks workers to take their vacation to cut costs

(The following story by Brent Jang appeared on the Globe and Mail website on March 12, 2009.) TORONTO — Canadian Pacific Railway Ltd. is asking employees to burn off vacation days and is also scrapping a system that allowed up to 52 weeks of holiday time to be banked,...

Canadian Pacific volumes down, eyes more cost cuts

(Reuters circulated the following story by Susan Taylor on March 11, 2009. In U.S. dollars unless noted.) OTTAWA — Canadian Pacific Railway Ltd (CP.TO) may look to make additional job and cost cuts as freight volumes in March fell further than expected, the...