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.

21 Jul 2015
Still riding a wave of U.S.-bound intermodal cargo, Canadian National Railway surprised Wall Street analysts this week, posting a better-than-anticipated second quarter.
21 Jul 2015
Canadian Pacific Railway’s domestic intermodal push appears to be losing steam after the railroad's volume growth decelerated to slowest pace in nearly a year.
18 May 2015
Grain is moving by rail at a steady pace from Canada’s Prairie Provinces to export terminals in British Columbia’s Vancouver, Prince Rupert, and Thunder Bay.
22 Apr 2015
Amid investors’ furor over the decline in crude shipments hauled by Canadian Pacific Railway in the first quarter were signs that the railroad’s domestic intermodal push is gaining traction and CP is emboldened to make a stronger play for ocean container business.
20 Feb 2015
U.S. intermodal volumes are declining, while Canadian shipments increase, a sign that more shippers are diverting cargo from the U.S. West Coast north to ports in British Columbia.
16 Feb 2015
Canadian Pacific Railway and union locomotive engineers and conductors have agreed to enter into binding government arbitration, ending a strike that began Sunday and could have severely crippled U.S. and Canadian supply chains.
15 Feb 2015
CSX Transportation has warned that the strike by more than 3,000 Canadian Pacific Railway locomotive engineers and conductors could affect shipments to and from Canada.
15 Feb 2015
A Teamsters union representing more than 3,000 Canadian Pacific Railway locomotive engineers and conductors walked off the job after failing to reach an agreement by the midnight deadline on Feb. 14.
Canadian Pacific intermodal train, winter
11 Feb 2015
Canadian intermodal shippers could see a reduction in Canadian Pacific Railway service if a union representing 3,300 locomotive engineers, conductors and train workers follow through with their threat to strike later this week if the railroad doesn’t meet their contract demands.
02 Feb 2015
Avondale Partners sees higher over-the-road pricing ahead for shippers, but still expects some freight to shift from intermodal rail to truck as fuel prices and surcharges plummet, cutting into total trucking costs.
30 Jan 2015
A key metric of U.S. intermodal rail service continues to show improvement even as volume builds, giving shippers a better shot of seeing the level of service they saw in 2012-2013 as soon as the spring.
23 Jan 2015
Canadian Pacific Railway said it expects mid- to high-single-digit intermodal revenue growth this year, as domestic intermodal traffic builds steadily and container lines boost volume on improving services.