May 9, 2016 | CP, Headlines, Teamsters Canada
(Source: Revelstoke Mountaineer, May 6, 2016) REVELSTOKE, B.C. — A new move by CP Rail to bypass Revelstoke could have a major impact on the Revelstoke economy if local workers are forced to relocate to Kamloops or Golden for work. But it’s not clear if CP Rail’s...
May 6, 2016 | CP, Headlines, NS
(Source: Railway Age column by William C. Vantuono, May 5, 2016) NEW YORK — Now that I have your attention, I’ll say it again: The last thing the North American railroad industry needs for the foreseeable future is the long-talked-about “final round of mergers,”...
April 25, 2016 | CN, CP, Headlines
(Source: Bloomberg, April 22, 2016) NEW YORK — Canada’s new government intends to extend for another year rules that force the country’s two major railway companies — Canadian National Railway Co. and Canadian Pacific Railway Ltd. — to move grain. Full...
April 25, 2016 | CP, Headlines
(Source: Insider Monkey, April 24, 2016) NEW YORK — Billionaire Bill Ackman‘s Pershing Square has cut its exposure to Canadian Pacific Railway, selling 4.10 million shares of Canadian Pacific at an average price of $148.25. Full story: Insider...
April 25, 2016 | CP, Headlines
(Source: Calgary Herald, April 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Ltd. will eliminate more jobs in 2016 than originally announced, perhaps as many as 1,400. In January, CEO Hunter Harrison said the Calgary-based company would cut 1,000 positions...
April 22, 2016 | CP, Headlines, NS
(Source: Financial Post, April 21, 2016) TORONTO — The collapse of Canadian Pacific Railway Ltd.’s bid for Norfolk Southern Corp. has done nothing to dissuade the company’s outspoken CEO that railway consolidation must and will happen. Full story: Financial...
April 21, 2016 | CP, Headlines, NS
(Source: Canadian Press, April 20, 2016) TORONTO — Canadian Pacific Railway’s proposed merger with Norfolk Southern was killed by political influence and a system that stacked the deck against a Canadian company, chief executive Hunter Harrison said Wednesday....
April 20, 2016 | CP, Headlines, NS
(Source: Virginian-Pilot, April 16, 2016) NORFOLK, Va. — To get some idea of what Canadian Pacific Railway was up against in its quest to merge with Norfolk Southern Corp., one might start with the website of the U.S. Surface Transportation Board, the federal agency...
April 20, 2016 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific press release, April 20, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced its lowest-ever first-quarter operating ratio of 58.9 percent and reported diluted earnings per share of $3.51 or $2.50 on an adjusted diluted...
April 20, 2016 | CP, Headlines, Quarterly Income
(Source: Reuters, April 20, 2016) CALGARY — Canadian Pacific Railway Ltd said on Wednesday it planned to repurchase up to 5 percent of its shares, just over a week after abandoning a bid to buy Norfolk Southern Corp. CP’s net income rose about 69 percent to...
