Canadian Pacific Moves Headquarters to Cut Costs

Canadian Pacific Railway will move most of its head office from downtown Calgary in Alberta to office space in Ogden, as part of the company’s operational cost cutting, The Globe and Mail reported.

The majority of staff will be moved to a building that CP currently owns in the Ogden railyard, said Ross Terry, vice president of the Teamsters Canada Rail Conference Maintenance of Way Employees Division.

The railyard is currently being renovated because it was formerly a railway car repair shop, Terry said.

He also noted that CP management did not provide a breakdown of how much money will be saved from the move.