October 22, 2014 | CP, Headlines, Quarterly Income
(Source: Canadian Press, October 21, 2014) CALGARY — Canadian Pacific Railway says it had $400 million of net income or $2.31 per diluted share in the third quarter — up from last year but short of estimates. Full story: Financial Post
October 22, 2014 | CP, Headlines, Quarterly Income
(Source: Canadian Pacific Railway press release (PDF), October 21, 2014) CALGARY, AB — Canadian Pacific Railway Limited today announced record Q3 2014 financial results. Net income in the third quarter rose to a record $400 million, or $2.31 per diluted share, from...
October 21, 2014 | CP, Headlines
(Source: Portage Daily Register, October 20, 2014) FALL RIVER — The new Landmark facility, located in Columbia County’s town of Fountain Prairie, was built with the railroad in mind. Its on-premises loop track has room for up to 125 boxcars at a time, to carry out the...
October 21, 2014 | BNSF, CP, Headlines
(Source: Agweek, October 20, 2014) FARGO, N.D. — The region’s two Class I railroads — BNSF Railway and Canadian Pacific Railway — are reporting improved status on late cars, and CP has proposed a major merger to bypass an infamous Chicago bottleneck blamed for last...
October 21, 2014 | CP, Headlines
(Source: Toronto Star opinion column, October 17, 2014) TORONTO — His proposed merger might have been rebuffed, and regulators might be unfriendly. But change is still coming to the railroad industry. Full story: Toronto Star
October 21, 2014 | CP, CSX, Headlines
(Source: Globe and Mail, October 20, 2014) MONTREAL — Canadian Pacific Railway Ltd.’s chief executive officer, Hunter Harrison, is pondering the next move in his bid to build a transcontinental network now that talks with potential takeover target CSX Corp. have...
October 20, 2014 | CP, CSX, Headlines
(Source: New York Times, October 20, 2014) NEW YORK — Merger talks between the Canadian Pacific Railway and the CSX Corporation have ended, stifling an effort to create a $60 billion giant during a boom time for the railroad industry. Canadian Pacific confirmed the...
October 17, 2014 | CP, Headlines, Railroad Security
(Source: Edmonton Journal, October 16, 2014) EDMONTON, Alberta — CP Rail officials are investigating a September incident in which two train cars rolled out of control after their brakes failed. The incident is believed to have been “an intentional act,” CP...
October 17, 2014 | CP, CSX, Headlines
(Source: Albany Times Union, October 14, 2014) ALBANY, N.Y. — At first glance, a merger between Canadian Pacific Railway and CSX might reduce rail competition in the Capital Region. But it also might revitalize and improve existing services, as CSX rival Norfolk...
October 17, 2014 | CP, CSX, Headlines
(Source: Reuters, October 16, 2014) TORONTO — The founder of hedge fund Pershing Square Capital Management said on Thursday that Canadian Pacific Railway’s chief executive believes some consolidation in the rail industry could improve competition. Full story:...
