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.

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.
BNSF locomotive
19 Aug 2014
BNSF Railway and Canadian Pacific Railway say they are steadily reducing a backlog of grain shipments, but agricultural shippers warn the true test of whether they can handle the upcoming harvest will come quickly, in a week or two.
Weekly wrap-up for Aug. 16, 2014
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
12 Aug 2014
Despite the loss of a refrigerated rail pioneer, other operators say they are still growing and that they’re better shielded from poor rail performance than Cold Train was.
Wheat wrapped in money
12 Aug 2014
WASHINGTON — Congressional pressure is mounting on BNSF Railway and Canadian Pacific Railway to get rid of a backlog of U.S. grain shipments before the harvest arrives this fall.
Wheat
08 Aug 2014
Many U.S. Midwest grain exporters have little reason to be optimistic that they’ll get their products to market on-time or for a price that will make shipping to Asia economically feasible.
CP intermodal train
17 Jul 2014
Canadian Pacific Railway said it will likely increase domestic intermodal volume on a double-digit basis over the next couple years after seeing 53-foot container volume rocket 18 percent year-over-year in the second quarter.
Snow in Chicago.
02 May 2014
CHICAGO — Chicago is living up to its reputation as the nation’s transportation bottleneck.
23 Apr 2014
Canadian Pacific Railway said it is increasing its domestic intermodal volume at a pace that by the end of the year will more than offset the loss of three container line contracts.
22 Apr 2014
The Port of Tacoma is working with the two western railroads, its local provider (Tacoma Rail), cargo transloaders, Washington State exporters and trans-Pacific ocean carriers to enhance intermodal rail service from the port.
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...