canadian pacific

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 | Associate News Editor
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 | Associate News Editor
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 | Associate News Editor
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
Business

Canadian Pacific Railway Announces Buyback as Profit Tops Estimates

Canadian Pacific

Canadian Pacific Railway, having failed in its bid to buy Norfolk Southern Corp., will buy back as much as C$1.31 billion ($1.04 billion) of its stock, confirming an effort outlined by CEO Hunter Harrison.

Frederic Tomesco | Bloomberg News
April 20, 2016
Business

Canadian Pacific Asks STB to Rule on Viability of Norfolk Trust Structure

darinm16/Flickr

Canadian Pacific Railway is asking U.S. regulators to rule on the proposed voting trust structure it wants to use to acquire Norfolk Southern Corp.

Frederic Tomesco | Bloomberg News
February 16, 2016
Business

Canadian Pacific Seeks DOJ Review of 'Campaign' Against Norfolk Southern Deal

Eric Jacobi/Flickr

Canadian Pacific Railway Ltd. asked the U.S. Justice Department to look into a “collective campaign” by large railroads to block its hostile stock-and-cash bid for Norfolk Southern Corp.

Thomas Black | Bloomberg News
January 19, 2016

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