May 12, 2015 | CP, Headlines, Oil Train
(Source: Canadian Press, May 9, 2015) OTTAWA — A class-action lawsuit has been approved almost two years after a train derailment and explosion killed 47 people in Lac-Mégantic, Que. But the Quebec Superior Court justice’s ruling means it is far more limited in...
May 5, 2015 | CP, Headlines
(Source: Financial Post, May 4, 2015) OTTAWA — For the second time in less than two years Canadian Pacific Railway Ltd. has appointed a chief financial officer from outside the rail industry. Full story: Financial Post
May 1, 2015 | CP, Headlines
(Source: Reuters, April 21, 2015) TORONTO — Shareholder activism is “long overdue” at some major U.S. railways, Canadian Pacific Railway Ltd Chief Executive Hunter Harrison said in an interview on Tuesday, after several U.S. competitors reported...
April 29, 2015 | CP, Headlines, Teamsters Canada
(Source: Employment and Social Development Canada press release, April 24, 2015) OTTAWA — On April 20, 2015, the Honourable Dr. K. Kellie Leitch, Minister of Labour and Minister of Status of Women, appointed the Honourable George W. Adams as the mediator/arbitrator...
April 21, 2015 | CP, Headlines, Quarterly Income
(Source: Canadian Press, April 20, 2015) CALGARY — Canadian Pacific Railway Ltd. says its revenue for the first three months of 2015 was up 10 per cent from last year, hitting $1.67 billion, while its profit hit an all-time quarterly high of $320 million. Full story:...
April 21, 2015 | CP, Headlines, Quarterly Income
(Source: Financial Post, April 21, 2015) OTTAWA — CP’s operating ratio — a key measure of efficiency, in which a lower number is better — fell 880 basis points to 63.2 per cent. By comparison, competitor Canadian National Railway Co. reported an operating ratio of...
April 21, 2015 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release, April 21, 2015) CALGARY — Canadian Pacific Railway Limited today announced the lowest first-quarter operating ratio in the company’s history and the highest-ever net income for the period. Revenues climbed 10 percent to...
April 20, 2015 | CP, Headlines
(Source: Inforum, April 19, 2015) ENDERLIN, N.D. — The David vs. Goliath battle that pitted a big railroad company against a small town of about 900 people in northern Ransom County appears to be over. Sen. John Hoeven said in a news release that Canadian Pacific...
March 19, 2015 | CP, Headlines
(Source: Calgary Herald, March 17, 2015) CALGARY, Alberta — Nearly three months after a train derailed in Banff National Park, the cleanup of the site is ongoing. On Dec 26, 2014, 15 rail cars on a Canadian Pacific train went off the tracks while crossing a bridge on...
March 18, 2015 | CP, Headlines, Teamsters Canada
(Source: Globe and Mail, March 17, 2015) TORONTO — Governments have to be more willing to accept some inconvenience from strikes rather than repeatedly rely on threats of back-to-work legislation across a wide range of industry sectors, Canadian union leader Hassan...
