January 24, 2018 | CP, Headlines
(Source: Globe and Mail, January 23, 2017) TORONTO — It took 9.7 million cubic metres of earth and 50,000 railway ties to build the 30-kilometre railway through the Saskatchewan Prairie to a new K+S Potash Canada Inc. mine near Moose Jaw. When the line opened last...
January 23, 2018 | CP, Headlines
(Source: CBC News, January 23, 2018) CALGARY — The train conductor who was at the controls during a 2014 Banff derailment has once again been fired by CP Rail, this time after butting heads with the company over social media posts, including “racy” boudoir...
January 23, 2018 | CP, Headlines
(Source: CBC News, January 23, 2018) PORT COQUITLAM, B.C. — Homes and businesses near a Canadian Pacific Railway yard in Port Coquitlam, B.C., were evacuated after a truck and a train car collided Monday night, sparking a large fire. Full story:...
January 19, 2018 | CP, Headlines, Quarterly Income
(Source: Reuters, January 18, 2018) NEW YORK — Canadian Pacific Railway Ltd. said on Thursday it is weighing strategic deals to boost crude-by-rail shipments in 2018, after reporting fourth-quarter profit that beat analysts’ estimates. Full story:...
January 19, 2018 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 18, 2018) CALGARY, Alberta — Canadian Pacific Railway Limited today announced its best ever fourth-quarter, with revenues up 5 percent to $1.71 billion and an operating ratio of 56.1 percent. Fourth-quarter...
January 12, 2018 | CP, Headlines
(Source: Canadian Press, January 11, 2018) SASKATOON, Sask. — An investigation has concluded that cracks in a rail joint ultimately led to the derailment of a freight train carrying potash east of Saskatoon last fall. Full story: CBC News
January 27, 2017 | CP, CSX, Headlines
(Source: Globe and Mail, January 26, 2017) TORONTO — Hunter Harrison has sold his shares in Canadian Pacific Railway Ltd., shortly after quitting as chief executive officer of the Calgary company to pursue the top job at Florida-based railway CSX Corp. Mr. Harrison...
January 27, 2017 | CP, CSX, Headlines
(Source: Globe and Mail, January 25, 2017) TORONTO — Hunter Harrison, the outspoken railroader credited with rescuing Canadian Pacific Railway Ltd. from the doldrums, is making his early exit from the company with about C$52-million, even after giving up $118-million...
January 26, 2017 | CP, CSX, Headlines
(Source: Bloomberg, January 25, 2017) NEW YORK — If most CSX Corp. investors are like Sandy Pomeroy and T.J. McConville, Hunter Harrison will probably have a fourth railroad to run. Pomeroy, a fund manager with Neuberger Berman Group, backs Harrison taking over as...
January 25, 2017 | CP, CSX, Headlines
(Source: Railway Age opinion column by William C. Vantuono, January 24, 2017) NEW YORK — First, let me make this perfectly clear: Two-time Railway Age Railroader of the Year E. Hunter Harrison (2002, CN/Illinois Central; 2015, Canadian Pacific) is one of our...
