Canadian Pacific Railway

Business, Logistics

Canadian Pacific Reports Second-Quarter Revenue Growth of 7%

Canadian Pacific TT File Photo

Canadian Pacific Railway Ltd. announced second-quarter revenues of C$1.75 billion, an increase of 7% from $1.64 billion when compared with the same period of 2017.

Transport Topics
July 18, 2018
Business, Logistics

Canadian Pacific Rail Workers’ Strike Threatens Freight Traffic

darinm16/Flickr

More than 3,000 Canadian Pacific Railway Ltd. workers walked off the job, threatening a wider disruption in freight traffic and setting up the first major labor test for Canadian Prime Minister Justin Trudeau.

Frederic Tomesco and Danielle Bochove | Bloomberg News
May 30, 2018
Business

Canadian Pacific First-Quarter Revenue Rises as Strike Threat Rises

Canadian Pacific train darinm16/Flickr

Canadian Pacific Railway reported first-quarter revenue of C$1.66 billion and diluted earnings of C$2.41 per share April 18 as potential labor troubles loomed.

Dan Ronan | Associate News Editor
April 18, 2018
Business

Canadian Pacific Sees Solid Fourth Quarter

Canadian Pacific Train Canadian Pacific

Canadian Pacific Railway reported healthy fourth-quarter and yearly results, with income boosted in part by the recent reduction in the U.S. corporate tax code from 35% to 21%.

Burney Simpson | Staff Reporter
January 19, 2018
Business

CSX Treads Water in 3Q After Turbulent Summer

CSX double-stack train Freight railroads started earnings season on a positive note as CSX eeked out a small win. (TT File Photo)

The freight railroad industry began the earnings season on a positive note. CSX Corp. scratched out a small win and Canadian Pacific Railway easily surpassed year-ago levels as the industry continues to rebound in 2017.

Ari Ashe | Staff Reporter
October 18, 2017
Government, Business, Equipment, Logistics

Canadian Pacific Railway Sees End of the Line for Government-Owned Grain Cars

Canada rail yard Roy Luck/Flickr

Canadian Pacific Railway Ltd. is ready to buy its own grain cars, sidelining 6,000 government-provided ones from the 1970s that are no longer up to the job.

Frederic Tomesco | Bloomberg News
July 20, 2017
Business

Canadian Pacific Posts Strong 2Q Showing, Profits Up 46%

Canadian Pacific train darinm16/Flickr

Canadian Pacific Railway continued a positive second quarter for rail freight carriers with profits jumping 46% due to growth in business in intermodal and the transportation of grain, potash, metals and minerals.

Ari Ashe | Staff Reporter
July 19, 2017
Business, Logistics, Government

Canadian Pacific's Wallace Takes Leave, Could Join Harrison Atop CSX

Brent Lewin/Bloomberg News

Mark Wallace, chief of staff at Canadian Pacific Railway Ltd., was put on a paid leave of absence on Jan. 27, prompting more speculation that Wallace and outgoing CEO Hunter Harrison will attempt to take over the reins at rival railroad CSX Corp. through private investor Paul Hilal of Mantle Ridge.

Transport Topics
January 27, 2017
Business

Canadian Pacific Separation Deal With Harrison Stokes CSX Speculation

Norm Betts/Bloomberg News

Canadian Pacific has reached a separation agreement with CEO Hunter Harrison effective at the end of the month, according to a filing with the Securities and Exchange Commission, which could stoke speculation that he and private investor Paul Hilal will attempt to assume control at rival railroad CSX.

Transport Topics
January 24, 2017
Business, Logistics

Railroads Report Better Fourth Quarter, But Shakeup Could Alter Industry in 2017

Norm Betts/Bloomberg News

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

Transport Topics
January 19, 2017

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