June 24, 2015 | CP, Headlines
(Source: Reuters Canada, June 22, 2015) OTTAWA — Canadian Pacific Railway Ltd said on Monday it is cooperating with a new federal safety investigation, after a media report raised allegations that it failed to apply adequate brakes when parking a train carrying...
June 24, 2015 | CP, Headlines
(Source: Calgary Herald, June 22, 2015) CALGARY — Transport Canada’s Rail Safety Division says a Canadian Pacific Railway conductor was ordered to leave unattended a 57-car train containing tanker cars carrying dangerous goods without securing its emergency hand...
June 11, 2015 | CP, Headlines, Oil Train
(Source: Globe and Mail, June 11, 2015) TORONTO — Canadian Pacific Railway will go before a Quebec Superior Court judge on Monday in Sherbrooke and argue it played no role in the fiery derailment of a Montreal, Maine and Atlantic Railway train that killed 47 people....
June 2, 2015 | CN, CP, Headlines
(Source: Financial Post, June 1, 2015) OTTAWA — The two biggest Canadian railways are facing stronger volume headwinds and “near impossible” comparisons to last year’s gangbuster results, resulting in a downgrade for one and price target cuts for both at Raymond...
May 21, 2015 | CP, Headlines, Oil Train
(Source: Bloomberg, May 20, 2015) NEW YORK — Canadian Pacific Railway Ltd. cut its forecast for moving crude by rail for a second time in four months because of production delays and lower demand for the commodity. Full story: Bloomberg
May 19, 2015 | CP, Headlines, Oil Train
(Source: Canadian Press, May 14, 2015) CALGARY — U.S. requirements for new braking systems on trains carrying flammable liquids would mean additional costs without any guarantee of improved safety, top executives at Canadian Pacific Railway said Thursday. Full story:...
May 19, 2015 | CN, CP, Headlines
(Source: Financial Post, May 14, 2015) OTTAWA — Canadian rail stocks have been one of the best trades this decade, but recent weakness in the shares of both Canadian Pacific Railway Ltd. and Canadian National Railway Co. has some investors wondering whether the good...
May 15, 2015 | CP, Headlines
(Source: CBC News, May 14, 2015) CALGARY — Canadian Pacific Railway will continue to use some of its office staff to drive trains, as negotiations with the Teamsters union drag on. The company and union are currently in federal government ordered arbitration,...
May 14, 2015 | CP, Headlines, NS
(Source: Press & Sun Bulletin, May 13, 2015) BINGHAMTON, N.Y. — Norfolk Southern’s pending $217 million acquisition of the former D&H rail line will cause “minimal” layoffs at rail yards from Binghamton to Plattsburgh, according to railway officials....
May 12, 2015 | CP, Headlines, Oil Train
(Source: Canadian Press, May 8, 2015) MONTREAL — A Quebec Superior Court justice has authorized a class-action lawsuit almost two years after a train derailment and explosion killed 47 people in Lac-Megantic. But in his 30-page ruling, Justice Martin Bureau has given...
