January 25, 2017 | CP, CSX, Headlines
(Source: Associated Press, January 24, 2017) OMAHA, Neb. — The terms of Hunter Harrison’s separation agreement with Canadian Pacific prohibits him from working at Canadian National, Union Pacific or BNSF railroads. But in addition to CSX, it also allows him to jump to...
January 24, 2017 | CP, CSX, Headlines
(Source: Reuters, January 23, 2017) MONTREAL — The outgoing chief executive of Canadian Pacific Railway Ltd., said to be in advanced talks with a partner to shake up CSX Corp., cannot hire any CP management except its chief of staff, according to details of an...
January 23, 2017 | CP, CSX, Headlines
(Source: Fortune, January 21, 2017) NEW YORK — On January 19, Hunter Harrison, the septuagenarian CEO of Canadian Pacific, announced that he’ll depart in less than two weeks, months ahead of his scheduled retirement on June 30. Press accounts, including an...
January 23, 2017 | CP, Headlines, Teamsters Canada
(Source: Calgary Herald, January 20, 2017) CALGARY, Alberta — Depending on who you talk to, outgoing Canadian Pacific Railway CEO Hunter Harrison is a polarizing figure, admired and loathed in seemingly equal parts. “Hunter Harrison’s legacy is a chronic shortage of...
January 23, 2017 | CP, Headlines, UP
(Source: Reuters, January 19, 2017) CHICAGO — The top executive at Union Pacific Corp said on Thursday that the No. 1 U.S. railroad remains opposed to mergers between major railroads in the United States. Full story: www.nasdaq.com
January 19, 2017 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 18, 2017) CALGARY, Alberta — Canadian Pacific Railway Limited today announced its lowest-ever fourth-quarter operating ratio (“OR”) of 56.2 percent and a record-low full-year OR of 58.6 percent as...
January 19, 2017 | CP, CSX, Headlines
(Source: Railway Age, January 18, 2017) NEW YORK — Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous...
January 16, 2017 | CP, Headlines, Teamsters Canada
(Source: Calgary Herald, January 13, 2017) CALGARY — The union that represents conductors and engineers at Canadian Pacific Railway is asking employees to come forward if they feel they’ve been forced to go to work tired. On its website, the Teamsters Canada Rail...
January 13, 2017 | CP, Headlines
(Source: Canadian Press, January 12, 2017) ASHCROFT, B.C. — A Canadian Pacific Railway freight train carrying coal derailed near Ashcroft, B.C., Thursday afternoon. Full story: Vancouver Sun
January 11, 2017 | CP, Headlines
(Source: CBC News, January 10, 2017) REVELSTOKE — Officials in British Columbia have laid a series of charges accusing CP Rail and two senior managers of illegally ordering a freight train crew to park on a mountain slope above the town of Revelstoke without proper...
