Canadian Pacific Railway

Canadian Pacific Railway is one of the two Canadian rail giants, with 2012 net income of C$484 million on revenue of C$5.695 billion. The transcontinental railroad’s network encompasses 14,700 miles of track in six Canadian provinces and 13 U.S. states; it has approximately 16,100 employees.

In 2012, activist investor William Ackman’s victory in a proxy fight for control of CP triggered a major restructuring of North America’s most underperforming major railroad. Under the helm of railroading legend Hunter E. Harrison, CP is on track to become a leaner and fiercer competitor to larger archrival Canadian National Railway.

For 2013, the company expects revenue growth in the high single digits and an operating ratio in the low 70s. In the third quarter of 2013, its net profit rose 48 percent year-over-year to C$324 million on revenue of C$1.5 billion, up 6 percent year-over-year from the same period in 2012; its operating ratio for the quarter improved to 65.9 percent.

01 Apr 2014
WASHINGTON — Following many shippers’ complaints of poor rail service, the U.S. Surface Transportation Board said today it will hear on April 10 from Class I carriers and their customers on what can done to improve service.
Grain train in Canada
27 Mar 2014
The Canadian government yesterday introduced legislation aimed at forcing the country’s two largest freight railroads to move grain faster...
21 Mar 2014
A continued truck strike at Port Metro Vancouver could cost the major Canadian freight railroads intermodal business and
12 Mar 2014
Canadian National Railway told forest product shippers that the ongoing truck strike at the Port Metro Vancouver is preventing the railroad from taking all of their lumber and pulp carload shipments for transloading into containers.
07 Mar 2014
The Canadian government is requiring the nation’s two largest freight railroad to move about 551,000 tons of grains weekly or suffer daily fines of up to C$100,000 (approximately US$90,000).
CP locomotive with intermodal train
30 Jan 2014
Canadian Pacific Railway is targeting domestic intermodal as one of the two biggest drivers of growth for the company in the coming years. The railroad said it has already gained market share though new services.
03 Jan 2014
Canadian Pacific Railway will sell the western end of its Dakota, Minnesota and Eastern line to Genesee & Wyoming for $210 million, the latest effort by the former to boost profitability by cutting non-core assets.
Thumbnail of rail interactive
12 Nov 2013
U.S.-based major railroads’ profit growth surged back in the third quarter, as resilient pricing and increased operational efficiencies overcame a 2.8 percent drop in total volume hauled compared to the same period last year.
Canadian Pacific
23 Oct 2013
Canadian Pacific reported its net income in the third quarter of 2013 was C$324 million, jumping 48 percent year-over-year.
08 Aug 2013
U.S. Development Group and Gibson Energy have partnered to expand USDG’s crude-by-rail development to Canada, in turn boosting transportation optionality for Gibson’s Hardisty Terminals customers in Alberta.
07 Aug 2013
U.S.-based major railroads’ total profit growth slowed dramatically in the second quarter, as Norfolk Southern Railway and Kansas City Southern Railway saw double-digit declines in earnings gains on a year-over-year basis.
CP train on a bridge
24 Jul 2013
Canadian Pacific reported its profit in the second quarter of 2013 was C$252 million (about US$245 million), spiking 145 percent from C$103 million in the second quarter of 2012.