CP

Business, Breaking News

CP Rail Agrees to Buy Kansas City Southern for $25 Billion

 A Canadian Pacific train transporting oil leaves Hardisty, Alberta. (Bloomberg News) A Canadian Pacific train transporting oil leaves Hardisty, Alberta. (Bloomberg News)

Canadian Pacific Railway Ltd. agreed to buy Kansas City Southern for $25 billion, seeking to create a 20,000-mile rail network linking the U.S., Mexico and Canada in the first year of those nations’ new trade alliance.

Dan Ronan | Associate News Editor
March 21, 2021
Business

CP Railroad Cites Extreme Weather as Factor in 1Q Earnings

Canadian Pacific A Canadian Pacific train. (TT File Photo)

Canadian Pacific Railway Ltd. said its first-quarter net income and revenue surged, bolstered by gains in the freight sector.

Dan Ronan | Associate News Editor
April 24, 2019
Business, Logistics

CP to Drop Norfolk Southern Pursuit if Resolution Fails, CEO Says

Canadian Pacific Railway Ltd. is ready to end efforts to buy Norfolk Southern Corp. if shareholders of the U.S. railroad reject a resolution calling for merger talks, the head of the Calgary-based company said.

February 11, 2016
Business, Logistics

CP Rail Earnings Beat Expectations on Declining Costs

Eric Jacobi/Flickr

Canadian Pacific Railway reported third-quarter profit that topped analysts’ estimates, buoyed by a weaker currency and expense reductions that included parking locomotives.

October 20, 2015