June 30, 2016 | CP, Headlines
(Source: ICIS, June 30, 2016) HOUSTON — Due to lower car volumes and weaker demand in what it views as a lackluster North American market, Canadian Pacific Railway (CP) confirmed on Wednesday that it will lay off 500 maintenance workers. Full story:...
June 27, 2016 | CP, Headlines, Teamsters Canada
(Source: CBC News, June 27, 2016) OTTAWA — The layoffs of 500 track maintenance workers this week at Canadian Pacific Railway will raise the risk of future derailments and potential disasters, the union representing the workers warns. Full story:...
June 23, 2016 | CP, Headlines
(Source: Financial Post, June 22, 2016) OTTAWA — Canadian Pacific Railway Ltd.’s volume woes will be short-lived and its shares are simply too attractive to ignore at current levels, analysts agreed after digesting the company’s earnings warning. Full story: Financial...
June 22, 2016 | CP, Headlines, Oil Train
(Source: Canadian Press, June 22, 2016) MONTREAL — Lac-Mégantic city council has dropped its lawsuit against Canadian Pacific Railway, which sought damages for the 2013 rail disaster. Forty-seven people died when a runaway train derailed on July 6, 2013. Full story:...
June 21, 2016 | CP, Headlines
(Source: Globe and Mail, June 21, 2016) OTTAWA — Canadian Pacific Railway Ltd said on Tuesday it expected second-quarter revenue to fall about 12 per cent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a...
June 9, 2016 | CP, Headlines
(Source: Globe and Mail, June 8, 2016) VANCOUVER — In response to concerns raised by Transport Canada, Canadian Pacific Railway has closed the entrance to a popular white water rafting spot, saying it can’t be used safely by the rafting companies, even though they had...
June 8, 2016 | CP, Headlines
(Source: WQAD, June 5, 2016) DAVENPORT, Iowa — Canadian Pacific Railway will be closing its Nahant maintenance shop in Davenport sometime this summer. Full story and video: www.wqad.com
June 2, 2016 | CP, Headlines
(Source: Financial Post, June 1, 2016) OTTAWA — Canadian Pacific Railway Ltd. was praised for ongoing improvements in its operating ratios and the resulting margin gains, but one analyst believes these are largely due to “questionable” accounting practices. Full...
May 31, 2016 | CP, Headlines
(Source: Globe and Mail, May 30, 2016) TORONTO — Canadian Pacific Railway Ltd. wants to keep an eye on its train crews, and says installing cameras aimed at the locomotive operators will improve safety on the railways. At a meeting next month, Calgary-based CP will...
May 18, 2016 | CN, CP, Headlines
(Source: Globe and Mail, May 17, 2016) TORONTO — Canada’s two major railways are slashing expenses and eyeing more layoffs amid a slump in freight made worse by the fires in Northern Alberta. Full story: Globe and Mail
