July 19, 2018 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, July 18, 2018) CALGARY — Canadian Pacific Railway Limited today announced second quarter revenues of $1.75 billion, an increase of 7 percent from last year, and reported diluted earnings per share (EPS) of $3.04, or...
July 3, 2018 | CEO Pay, CP, Headlines
(Source: Calgary Herald, June 29, 2018) CALGARY — There was a new face at the top of Canadian Pacific Railway in 2017, but the pay grade did not change. Keith Creel, president and CEO of CP Rail, took in $20.1 million in total compensation last year as the...
July 2, 2018 | CP, Headlines, Teamsters Canada
(Source: Canadian Press, June 29, 2018) CALGARY — Unionized employees at Canadian Pacific Railway Ltd. who reached a tentative agreement before train crews launched a brief strike a month ago have ratified a new three-year agreement. Full story: The...
June 14, 2018 | CP, Headlines, Unions
(Source: Brotherhood of Railroad Signalmen press release, June 13, 2018) FORT ROYAL, Va. — Signalmen employed by the Canadian Pacific – SOO Line Railroad Company (CP/SOO Line) have ratified a new six-year contract. The new Agreement settles all issues arising...
June 11, 2018 | CP, Headlines, Oil Train
(Source: Red Deer Advocate, June 9, 2018) RED DEER, Alberta — Clean up of an oil spill from a train derailment continued a day after the incident that led to one car leaking south of Red Deer. Canadian Pacific Railway Police are leading the investigation. Full story:...
June 8, 2018 | CP, Headlines, Oil Train
(Source: Canadian Press, June 8, 2018) MONTREAL — A group of 49 people and businesses are seeking authorization to sue for economic and moral damages worth upwards of $5 million relating to the Lac-Megantic rail tragedy in 2013. Full story: National...
June 8, 2018 | CP, Headlines
(Source: Progressive Railroading, June 7, 2018) Canadian Pacific will spend more than a half-billion Canadian dollars on new high-capacity grain hopper cars to serve CP grain shippers, the Class I announced today. Full story: Progressive...
June 8, 2018 | CN, CP, Headlines
(Source: Reuters, June 7, 2018) MONTREAL — In a battle to unclog rail bottlenecks that left Canadian commodities trapped in landlocked western provinces this winter, the country’s largest railways are offering C$15,000 ($11,566.93) signing bonuses for experienced...
June 7, 2018 | CP, Headlines, Teamsters Canada
(Source: Reuters, June 6, 2018) OTTAWA — Canadian Pacific Railway Ltd. conductors and locomotive engineers will get a 9 percent salary hike over four years as part of a tentative agreement reached last week with the Teamsters, spokesmen from both the union and CP said...
May 31, 2018 | CP, Headlines, Teamsters Canada
(Source: Red Deer News Now, May 30, 2018) RED DEER, Alberta — It was mere hours after 3,000 workers across the country went on strike that a four-year tentative agreementwas reached between Canadian Pacific Railway and the Teamsters Canada Rail Conference. Prior to...
