July 28, 2020 | CN, CP, Headlines
(Source: The Load Star, July 27, 2020) TORONTO — The balance sheets of Canada’s two class-one rail companies took a hit from Covid-19, but their top brass are upbeat on prospects for the second half of 2020, pointing to signs of strength in several key sectors. Full...
July 23, 2020 | CP, Headlines, Quarterly Income
(Source: Freight Waves, July 22, 2020) CHATTANOOGA, Tenn. — Canadian Pacific’s second-quarter net profit slipped 12% amid a 9% decrease in revenue. Net income totaled C$635 million (US$473 million), or C$4.66 in diluted earnings per share, in the second quarter of...
July 23, 2020 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, July 22, 2020) CALGARY — Canadian Pacific Railway Limited today announced second-quarter results, including revenues of $1.79 billion, diluted earnings per share (“EPS”) of $4.66, adjusted diluted EPS of...
July 22, 2020 | CP, Headlines
(Source: Quad City Times, July 21, 2020) DAVENPORT, Iowa — The Canadian Pacific Railway is making good on its agreement to reconstruct the eight railroad crossings along downtown Davenport’s riverfront that it blocked by abruptly raising the height of its tracks...
July 8, 2020 | CN, CP, Headlines
(Source: Canadian Press, July 7, 2020) MONTREAL — Canada’s two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June. Full story: Times Colonist
July 7, 2020 | CP, Headlines
(Source: Canadian Pacific Railway press release, July 7, 2020) CALGARY — Canadian Pacific announced today its best-ever quarter and June for moving Canadian grain and grain products. The two records are the latest in a standout crop year of linking Canadian producers...
June 24, 2020 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, June 24, 2020) CALGARY — Canadian Pacific will release its second-quarter 2020 financial and operating results at 9:00 a.m. eastern time (7 a.m. mountain) on July 22, 2020. CP will discuss its results with the financial...
June 23, 2020 | CP, Headlines
(Source: CBC News, June 23, 2020) MONTREAL — For the second time in less than a month, a Canadian Pacific Railway freight train has derailed west of Ignace, Ont. No injuries were reported. Full story: www.cbc.ca
June 3, 2020 | CP, Headlines, Short Line
(Source: Canadian Pacific Railway press release, June 3, 2020) CALGARY — Canadian Pacific today completed its previously announced acquisition of the Central Maine & Quebec Railway US Inc. Together with the earlier acquisition of Central Maine & Quebec...
June 3, 2020 | CP, Headlines
(Source: Canadian Pacific Railway press release, June 2, 2020) CALGARY — Canadian Pacific set a new record for shipping Canadian grain and grain products in May, moving 2.80 million metric tonnes (MMT). This new record beats the May 2014 record by more than 300,000...
