Canadian Pacific Railway

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.

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.

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.

January 19, 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, Logistics

Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains

Ken James/Bloomberg News

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

Thomas Black | Bloomberg News
July 21, 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

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