January 28, 2016 | CP, Headlines
(Source: Associated Press, January 27, 2016) BROWNSVILLE, Minn. — Canadian Pacific Railway says six train cars loaded with soybean oil ended up in the Mississippi River after a freight train derailed in southeastern Minnesota. Full story: Globe and...
January 27, 2016 | CP, Headlines, NS
(Source: Herald-Dispatch, January 27, 2016) CHARLESTON, W.Va. — West Virginia’s congressional delegation and others are speaking out against Canadian Pacific’s hostile takeover bid for the Norfolk Southern railroad because they fear job losses and harm to...
January 27, 2016 | CP, Headlines, NS
(Source: Press release from the office of Senator Joe Manchin, January 26, 2016) WASHINGTON, D.C. — At a press conference in Charleston, U.S. Senator Joe Manchin (D-WV) today announced that he is calling for an immediate Senate investigation into Canadian Pacific...
January 26, 2016 | CP, Headlines, STB
(Source: Progressive Railroading, January 25, 2015) U.S. Rep. Tammy Duckworth (D-Ill.) has asked the Surface Transportation Board (STB) to review whether Canadian Pacific’s proposed takeover of Norfolk Southern Corp. would meet statutory requirements and is in...
January 25, 2016 | CP, Headlines
(Source: Bloomberg News, January 22, 2016) NEW YORK — Canadian Pacific Railway Ltd. surged the most in more than two years as speculation mounted that the company may drop its attempt to purchase Norfolk Southern Corp. Full story: Globe and Mail
January 22, 2016 | CP, Headlines, Quarterly Income
(Source: CBC, January 21, 2016) OTTAWA — Canadian Pacific Railway plans to cut 1,000 positions this year as it adjusts to lower shipment volumes and profits. The Calgary-based rail company says most of the cuts to unionized and management positions will result from...
January 22, 2016 | CP, Headlines, UP
(Source: Associated Press, January 21, 2016) OMAHA, Neb. — Union Pacific’s top executive reiterated Thursday that he thinks railroad mergers are a bad idea and could lead to more regulations. Union Pacific’s Lance Fritz has been critical of Canadian...
January 22, 2016 | CP, Headlines, NS
(Source: Bloomberg, January 21, 2016) NEW YORK — Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum. Full...
January 21, 2016 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, January 21, 2016) CALGARY, Alberta — Canadian Pacific Railway Limited today announced fourth-quarter reported diluted earnings per share of C$2.08 and adjusted diluted earnings per share of $2.72, the highest ever for...
January 21, 2016 | CP, Headlines, NS
(Source: Associated Press, January 20, 2016) OMAHA, Neb. — Canadian Pacific says combining its railroad with Norfolk Southern would help reduce congestion in the Chicago hub where all the major railroads hand off freight to each other. Full story: Washington...
