Canadian Pacific Railway

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.

Railroad crossing
27 Oct 2014
Canadian Pacific Railway CEO E. Hunter Harrison sees railroad consolidation as possible and a way to greatly improve service, but the majority of his Class I counterparts aren’t on board.
22 Oct 2014
Canadian Pacific Railway CEO E. Hunter Harrison yesterday struck back at critics of potential rail industry consolidation, saying U.S. regulators could approve a merger and service would improve as a result.
Canadian Pacific
22 Oct 2014
Canadian Pacific Railway’s domestic intermodal push keeps gaining steam, with volume jumping 19 percent year-over-year in the third quarter and demand sometimes even exceeding the railroad’s capacity.
20 Oct 2014
Canadian Pacific said its exploratory discussions with CSX Corp. about a possible merger have ended and that no further talks are planned.
16 Oct 2014
The U.S. Surface Transportation Board is pressuring Canadian Pacific Railway to better explain how it will address service issues.
14 Oct 2014
Intermodal shippers using CSX Transportation and Canadian Pacific Railway would see few benefits if the two railroads merged, and could risk a short-term deterioration in service if operations were meshed.
13 Oct 2014
CSX has rebuffed an overture from Canadian Pacific Railway about a merger or acquisition that would reshape North America’s transportation map by creating the continent’s largest rail network.
Railroad tracks
08 Oct 2014
Following months of service problems and public hearings, the U.S. Surface Transportation Board will require all Class I railroads to issue weekly performance metrics in areas including train speed, terminal dwell times, train delays and others.
05 Sep 2014
Canadian Pacific Railway and BNSF Railway said Thursday that requiring them to add railcars or even allow other railroads to operate on their lines — as some officials and shippers have asked the U.S. Surface Transportation Board to require them to do — would hamper needed rail service improvements.
Grain elevator
27 Aug 2014
U.S. grain shippers are welcoming the International Longshore and Warehouse Union’s collective bargaining agreement with Pacific Northwest grain handlers, but they are still concerned about poor rail service that is hampering their ability to get exports to Asia.
Intermodal train
22 Aug 2014
The U.S. rail regulatory agency is asking the seven major U.S. and Canadian railroads, along with short lines, to explain how they will handle the expected surge of intermodal traffic, noting the situation has been “challenging.”
BNSF Alliance intermodal center
19 Aug 2014
Distribution centers and manufacturing plants are increasingly springing up around U.S. intermodal terminals, as shippers aim to reduce drayage costs and overall tightening truck capacity fuels intermodal volume growth.