February 1, 2023 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 31, 2023) CALGARY — Canadian Pacific Railway Limited today announced its fourth-quarter results, including revenues of $2.46 billion, operating ratio (“OR”) of 59.8 percent, adjusted OR1 of 59.1...
February 1, 2023 | CP, CP-KCS Merger, Headlines, Quarterly Income
(Source: Canadian Press, January 31, 2023) In a conference call to discuss fourth-quarter financial results, CP’s CEO Keith Creel said the Calgary-headquartered railway is in growth mode as it awaits a decision by the U.S. Surface Transportation Board. During...
January 18, 2023 | Canada, CP, Headlines, Unions
(Source: Unifor press release, January 13, 2023) VANCOUVER, B.C. — Unifor Local 101R has reached a tentative agreement with Canadian Pacific Railway (CP), covering 1,200 workers at 18 locations from British Columbia to Quebec. “These are hard working members who...
January 6, 2023 | CP, Headlines, UP
(Source: Trains Magazine, January 5, 2023) Union Pacific and Canadian Pacific were the only major Class I railroads to show volume growth in 2022. UP took the crown among the top six systems, with its overall traffic up 2%. The increase was driven by a 5% gain in...
November 16, 2022 | CP, Headlines, Technology
(Source: Trains Magazine, November 15, 2022) Canadian Pacific’s experimental hydrogen-powered locomotive made its maiden revenue run last month in Calgary, Alberta, taking the first step in determining whether the technology could one day replace diesel-electric...
November 3, 2022 | Canada, CN, CP, Headlines
(Source: Trains Magazine, November 3, 2022) Canadian National set a single-month record for movement of Western Canadian grain in October, the company said, moving more than 3.23 million metric tons. Canadian Pacific also set a grain-movement record for the month, the...
November 1, 2022 | CP, Headlines, KCS, Mexico
(Source: Kansas City Southern press release, October 31, 2022) LAREDO, Texas — Today, Kansas City Southern (KCS) ceremonially broke ground on both sides of the new International Railroad Bridge spanning the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas....
October 31, 2022 | CP, Headlines, KCS, Mexico
(Source: Laredo Morning Times, October 30, 2022) Kansas City Southern will break ground Monday, south of Zaragoza Street on the east side of the tracks, on a second span of the new international bridge. Full story: www.lmtonline.com
October 28, 2022 | CP, CP-KCS Merger, Headlines, Quarterly Income
(Source: Freight Waves, October 27, 2022) Canadian Pacific is eager to secure new business and expand existing opportunities as it gears up for a potential merger with Kansas City Southern in 2023, according to its executives during an earnings call to discuss the...
October 27, 2022 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, October 26, 2022) CALGARY — Canadian Pacific Railway Limited today announced its third-quarter 2022 results, including revenues of $2.31 billion, reported operating ratio (“OR”) of 59.5 percent, adjusted...
