canadian pacific

Government, Business, Logistics

CP Announces Q2 Earnings, Moves Forward With Efforts to Acquire KCS

CP A CP train. (David B./Flickr)

Canadian Pacific Railway posted a drop in net income but an increase in revenue for the second quarter, as it confronts renewed opposition to its planned acquisition of Kansas City Southern Railroad.

Dan Ronan | Senior Reporter
July 29, 2022
Business, Logistics

Chicago Commuter Rail System Opposes Proposed CP-KCS Merger

Kansas City Southern train (left) and Canadian Pacific train) The proposed $31 billion merger between Kansas City Southern (left) and Canadian Pacific would need to be approved by the Surface Transportation Board. (Kansas City Southern Railway, Canadian Pacific Railway)

One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.

Dan Ronan | Senior Reporter
March 25, 2022
Government, Business, Logistics

Creation of Voting Trust Advances CP-KCS Deal

 A Canadian Pacific train hauls oil westward through Banff National Park in Alberta, Canada A Canadian Pacific train hauls oil westward through Banff National Park in Alberta, Canada. (Frank Gunn/Canadian Press via AP)

A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31 billion acquisition of Kansas City Southern railroad.

Josh Funk | Associated Press
December 14, 2021
Business, Equipment, Logistics

Rival Canadian Railroad Leaders Make Pitch for Kansas City Southern

Canadian National (left) and Canadian Pacific (right) Canadian National and Canadian Pacific are vying for Kansas City Southern. The U.S. Surface Transportation Board hasn't approved a merger of Class I railroads in more than two decades. (Canadian National Railway, left; Canadian Pacific Railway, right)

Leaders of the rival Canadian National and Canadian Pacific railroads on May 26 made their pitches about why their respective railroads should be approved to purchase Kansas City Southern Railroad.

Dan Ronan | Senior Reporter
May 26, 2021
Government, Business

Canadian Pacific Posts Q1 Earnings, Discusses Rival Bid for Kansas City Southern

CP Canadian Pacific Railway

Canadian Pacific officials aggressively defended their planned $25 billion acquisition of Kansas City Southern, announced in March, during a conference call April 21 regarding first-quarter earnings.

Dan Ronan | Senior Reporter
April 22, 2021
Business

Canadian Pacific Reports Quarterly Revenue Record in 3Q

Canadian Pacific (Don MacKinnon/Bloomberg News)

Canadian Pacific Railway Ltd. posted revenue of C$1.9 billion in the third quarter, a record for any quarter in company history, the Calgary, Alberta-based railroad announced Oct. 18.

Dan Ronan | Senior Reporter
October 22, 2018
Business

Railroad 4Q Profits Mixed; Exec Shake-up Anticipated

Canadian Pacific

The fourth quarter marked a turnaround for railroad companies from the lackluster year, according to earnings released last week, while a potentially major shakeup could result in an interesting 2017 for the industry.

Ari Ashe | Staff Reporter
January 23, 2017
Business

Canadian Pacific Cuts Profit Target as Commodities Cargo Slumps

MattysFlicks/Flickr

Canadian Pacific Railway Ltd. reduced its full-year profit target, amid revenue declines in commodities such as crude oil and a delayed grain harvest in western Canada.

Frederic Tomesco | Bloomberg News
October 19, 2016
Business

Canadian Pacific Earnings Exceed Estimates on Cost Cutting

Don MacKinnon/Bloomberg News

Canadian Pacific Railway reported second-quarter earnings that topped analysts’ estimates as the carrier reduced costs by cutting jobs and running longer trains to make up for a cargo slump.

July 20, 2016
Business

Canadian Pacific Railway Outlook Disappoints as Sales Plunge

Canadian Pacific

Canadian Pacific Railway  provided a second-quarter profit outlook that fell short of estimates amid a plunge in sales.

Frederic Tomesco | Bloomberg News
June 22, 2016

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