March 8, 2016 | CP, Headlines
(Source: The Post Star, March 7, 2016) GREAT FALLS, N.Y. — The union representing around 122 Canadian Pacific Railway workers in the region declared victory Monday, after an unannounced strike that lasted eight hours. The Brotherhood of Maintenance of Way union...
March 4, 2016 | CP, Headlines, STB
(Source: Canadian Pacific Railway press release, March 2, 2016) CALGARY, Alberta — Canadian Pacific today announced that it has petitioned the U.S. Surface Transportation Board (STB) for a declaratory order confirming the viability of the voting trust structure CP has...
March 4, 2016 | CP, Headlines
(Source: Reuters, March 2, 2016) CHICAGO — Canadian Pacific Railway Ltd said on Wednesday it is looking at all legal options in response to what it described as concerted efforts by certain U.S. railroads to block its proposed merger with Norfolk Southern Corp. Full...
March 4, 2016 | CP, CSX, Headlines
(Source: Associated Press, March 2, 2016) OMAHA, Neb. — Canadian Pacific reportedly approached the CSX railroad about a possible merger earlier this year while it continued to pursue its proposed takeover of rival Norfolk Southern. Full story: The...
March 4, 2016 | CP, Headlines, NS
(Source: Reuters, March 3, 2016) NEW YORK — A unit of FedEx Corp has raised concerns over Canadian Pacific’s bid for Norfolk Southern saying it could hurt rail service and lead to higher shipping costs, according to a letter posted by a U.S. federal rail...
March 2, 2016 | CEO Pay, CP, Headlines
(Source: Globe and Mail, March 1, 2016) TORONTO — Hunter Harrison, chief executive officer of Canadian Pacific Railway Ltd., was paid $19.9-million in 2015, a year in which the company’s shares fell by 20 per cent amid a sell-off in railway shares. The compensation...
March 2, 2016 | CP, Headlines, NS
(Source: DC Velocity, March 1, 2016) WASHINGTON, D.C. — What do rail shippers think of Canadian Pacific Railway’s (CP) proposed $28 billion takeover of U.S. eastern railroad Norfolk Southern Corp. (NS)? Depends on who is asked. Full story: DC...
March 2, 2016 | CP, CSX, Headlines
(Source: Bloomberg, March 1, 2016) NEW YORK — CSX Corp. jumped as much as 8 percent after the close of trading in New York, following a report that Canadian Pacific Railway Ltd. approached the U.S. railroad about a takeover in January and was rebuffed. Full story:...
February 26, 2016 | CP, Headlines
(Source: CBC News, February 26, 2016) CALGARY, Alberta — Fourteen months after a CP Rail train derailed in Banff National Park, the conductor of that locomotive will return to work for the railway. Stephanie Katelnikoff was dismissed after the incident, but she took...
February 26, 2016 | AFL-CIO, CP, Headlines
(Source: The Hill, February 25, 2016) WASHINGTON, D.C. — The AFL-CIO’s Transportation Trades Department is seeking to block a proposed merger between Canadian Pacific Railway and Norfolk Southern that has been dubbed a “Wall Street takeover” of a...
