Canadian Pacific Railway

Government, Business, Logistics

Canadian Pacific Reaches Deal With Union to End Stoppage

Workers demonstrate during a Canadian Pacific Railway strike in Calgary Workers demonstrate during a Canadian Pacific Railway strike in Calgary March 20. The strike ended after two days when CP agreed to an arbitrator. (Gavin John/Bloomberg News)

Canadian Pacific Railway said it will resume normal operations after it agreed to work with an arbitrator on a contract for 3,000 workers, ending a two-day work stoppage.

Jen Skerritt | Bloomberg News
March 22, 2022
Government, Business

Canadian Pacific Work Stoppage Could Hit US Agriculture

CP strike Workers demonstrate during a Canadian Pacific Railway strike in Calgary, Alberta, on March 20. (Gavin John/Bloomberg News)

DETROIT — Canadian Teamsters and CP Rail blamed each other for a work stoppage March 20 that brought trains to a halt across Canada and interrupted fertilizer and other shipments to and from the U.S.

March 21, 2022
Business, Logistics

Canadian Pacific Set to Shut Down if Labor Talks Fail

Surveyors work next to Canadian Pacific Rail trains parked on tracks in Toronto A work stoppage means CP can’t operate the railway and will create a “freight capacity crisis,” the railway said. (Nathan Denette/The Canadian Press via AP)

Canadian Pacific Railway Ltd. has issued a 72-hour notice to the Teamsters Canada Rail Conference of plans to lock out employees early March 20 if the union’s leadership and the company fail to negotiate a settlement or agree to binding arbitration.

March 17, 2022
Business, Logistics

Canadian Pacific Set to Halt Operations If Labor Talks Fail

Canadian Pacific train Canadian Pacific

Canadian Pacific Railway Ltd. is gearing up to halt operations after failing to reach a labor deal with unionized workers.

March 17, 2022
Government, Business, Logistics

Kansas City Southern Earnings Rise

Kansas City Southern Whitney Curtis/Bloomberg News

As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.

Dan Ronan | Associate News Editor
February 3, 2022
Business, Logistics

Canadian Pacific Says Weather, KCS Merger Affected Q4 Results

Canadian Pacific train Don MacKinnon/Bloomberg News

Severe winter weather along part of its network and increased costs with the proposed merger of Canadian Pacific Railway with Kansas City Southern impacted fourth-quarter financial results.

Dan Ronan | Associate News Editor
January 28, 2022
Business

Canadian Pacific Shareholders Back Purchase of Kansas City Southern

Canadian Pacific shareholders back purchase of Kansas City Southern A Canadian Pacific train. (Frank Gunn/Bloomberg)

Canadian Pacific’s $31 billion plan to acquire Kansas City Southern cleared one of its final hurdles Dec. 8 when CP shareholders overwhelmingly approved the deal that would create the first railroad connecting the United States, Canada and Mexico.

Josh Funk | Associated Press
December 8, 2021
Business, Logistics

Canadian Pacific Railway Starts Bond Sale for KC Southern Deal

Canadian Pacific Railway Starts Bond Sale for KC Southern Deal A Canadian Pacific Railway locomotive in Calgary, Alberta. One of the biggest Canadian deals of the past decade is Canadian Pacific Railway Ltd.’s acquisition of Kansas City Southern. (Alex Ramadan/Bloomberg)

Canadian Pacific Railway Ltd. is tapping the U.S. investment-grade bond market to help fund its acquisition of Kansas City Southern.

November 17, 2021
Business, Logistics

Canadian Pacific Reports Mixed Q3 Earnings

Canadian Pacific train Don MacKinnon/Bloomberg News

Canadian Pacific Railway reported mixed third-quarter earnings on Oct. 20, when the Calgary, Alberta-based carrier said combined freight and nonfreight revenue increased 4.3% year-over-year to C$1.94 billion from C$1.86 billion a year ago.

Dan Ronan | Associate News Editor
October 20, 2021
Government, Business, Logistics

Kansas City Southern Picks Canadian Pacific Bid

Surveyors work next to Canadian Pacific Rail trains parked on tracks in Toronto Surveyors work next to Canadian Pacific Rail trains parked on tracks in Toronto in a 2012 photo. (Nathan Denette/The Canadian Press via AP)

Just hours before the expiration of a Sept. 12 deadline, Kansas City Southern accepted a $31 billion merger proposal from Canadian Pacific Railway.

Dan Ronan | Associate News Editor
September 12, 2021

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