April 20, 2018 | CP, Headlines, Teamsters Canada
(Source: Teamsters Canada Rail Conference (TCRC) press release, April 19, 2018) LAVAL, Que. — The Teamsters Canada Rail Conference (TCRC) is confused at the sight of Canadian Pacific Railway (CP) publicly playing the “victim card” in current contract negotiations. The...
April 19, 2018 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, April 18, 2018) CALGARY — Canadian Pacific Railway Limited today announced first-quarter reported diluted earnings per share (EPS) of $2.41, or $2.70 on an adjusted diluted EPS basis. “This was a challenging...
April 19, 2018 | CP, Headlines, Quarterly Income
(Source: Reuters, April 18, 2018) CALGARY — Canadian Pacific Railway Ltd.’s profit fell 18 per cent in the first quarter, as expenses rose amid a winter that tested the resiliency of the North American rail network. Full story: Reuters
April 19, 2018 | CP, Headlines, Teamsters Canada
(Source: Financial Post, April 19, 2018) OTTAWA — With a strike deadline just days away, Keith Creel, Canadian Pacific Railway Ltd.’s chief executive, said the company will not be “held hostage” in negotiations and is willing to experience the short-term pain of a...
April 18, 2018 | CP, Headlines, Teamsters Canada
(Source: Canadian Press, April 17, 2018) CALGARY — The union representing about 3,000 conductors and locomotive engineers at Canadian Pacific Railway Ltd. says it has formally served the company with a 72-hour notice of an intent to strike. The Teamsters Canada Rail...
April 17, 2018 | CP, Headlines, Oil Train
(Source: Bloomberg, April 17, 2018) NEW YORK — A C$6.9 billion ($5.5 billion) Fidelity Investments fund is adding to its position in Canadian Pacific Railway Ltd. as a pipeline spat increases the likelihood that energy companies will need rail to get their oil to...
April 16, 2018 | CP, Headlines, Teamsters Canada
(Source: Bloomberg, April 15, 2018) WASHINGTON, D.C. — Canadian Pacific Railway Ltd. said a new labor agreement with thousands of train conductors and other workers remains elusive, less than a week before the deadline for the start of a strike that could cripple its...
April 9, 2018 | CP, Headlines, Teamsters Canada
(Source: Reuters, April 6, 2018) MONTREAL — Canadian Pacific Railway conductors and locomotive engineers on Friday voted to authorize a strike action that could have the 3,000 workers walk off the job as early as April 21, Teamsters Canada said in a statement. Full...
April 3, 2018 | CP, CSX, Headlines
(Source: Progressive Railroading, April 2, 2018) Canadian Pacific, CSX Corp. and Union Pacific Railroad last week responded to the Surface Transportation Board’s (STB) request for Class Is to provide the board with their 2018 service plans in response to...
April 2, 2018 | CN, CP, Headlines
(Source: Canadian Press, March 29, 2018) MONTREAL — Canada’s two largest railways are hoping the spring thaw will help them recover from a winter of delays and complaints brought about by the combination of brutally cold conditions and unexpectedly high demand — and...
