August 16, 2016 | CP, Headlines
(Source: Benzinga, August 16, 2016) NEW YORK — The Federal Communication Commission ordered Canadian Pacific Railway to pay a fine of $1.21 million for violations regarding wireless radios. In 2015, Canadian Pacific’s internal audit revealed it has not complied...
August 15, 2016 | CP, Headlines, Teamsters Canada
(Source: Revelstoke Review, August 15, 2016) REVELSTOKE — There’s been little movement from CP Rail on plans to move coal train crews away from Revelstoke, says a union leader. Full story: Revelstoke Review
August 9, 2016 | CP, Headlines
(Source: BNN.ca, August 7, 2016) OTTAWA — Bill Ackman’s Pershing Square Capital Management said late Wednesday in a news release it will sell its remaining 9.8 million-share stake in Canadian Pacific Railway Ltd. CP Rail’s stock was down more than 3.22 per...
August 5, 2016 | CP, Headlines
(Source: Financial Post, August 4, 2016) OTTAWA — When activist investor Bill Ackman first approached Canadian Pacific Railway Ltd.’s management about making major changes to the underperforming railway, including hiring a chief executive who had just retired from its...
August 4, 2016 | CP, Headlines
(Source: Bloomberg News, August 3, 2016) NEW YORK — Bill Ackman’s Pershing Square Capital Management is unloading its entire stake in Canadian Pacific Railway, almost five years after sparking a turnaround at the Calgary-based company and becoming its biggest...
July 25, 2016 | CP, Headlines
(Source: Canadian Pacific Railway press release, July 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced that CP’s Board of Directors has reached an agreement with CP’s next chief executive officer, Keith Creel. Currently...
July 25, 2016 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, July 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced second-quarter reported diluted earnings per share (EPS) of $2.15, or $2.05 on an adjusted diluted EPS basis, and an operating ratio of...
July 11, 2016 | CP, Headlines
(Source: Revelstoke Mountaineer, July 8, 2016) REVELSTOKE, B.C. — The Transportation Safety Board of Canada (TSB) investigation into the Jan. 13, 2015 CP Rail derailment on the Stoney Creek Bridge near Rogers Pass has found that marshalling issues and fatigue...
July 6, 2016 | CP, Headlines, Teamsters Canada
(Source: Teamsters Canada press release, July 5, 2016) LAVAL, QC — The massive layoff of maintenance of way crews by Canadian Pacific (CP) does not bode well for the Canadian railway system in the event of a major disaster. In light of this fact, Transport Canada must...
July 5, 2016 | CP, Headlines, Oil Train
(Source: CBC News, July 2, 2016) MONTREAL — Some citizens in Lac-Mégantic are denouncing the town council’s decision to not take legal action against Canadian Pacific Railway for the train derailment that killed 47 people three years ago. Full story: CBC...
