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.

12 Jul 2017
The Canadian intermodal network has been bulking up as if on steroids.
01 May 2017
The addition of seven feet and four additional pallet locations to the container means a 13 percent payload increase.
19 Jan 2017
President and Chief Operating Officer Keith Creel said international business growth is welcome but, “we’re not going to bet the farm on it.”
19 Jan 2017
E. Hunter Harrison is leaving Canadian Pacific Railway early possibly to try to take the reins of CSX Transportation
19 Oct 2016
The fall shipping season of 2016 has been good to Canadian Pacific Railway.
Canadian Pacific Railway joins CSX Transportation and Kansas City Southern Railway in the ranks of Class I railroads that suffered second-quarter intermodal volume declines.
20 Jul 2016
Canadian Pacific Railway’s financials took a hit in the second quarter.
25 May 2016
"I think that's not something we didn't expect," Canadian Pacific Railway Chief Executive Officer E. Hunter Harrison said Wednesday in New York City at a conference hosted by transportation research firm Wolfe Research.
20 Apr 2016
Even after Canadian Pacific Railway abandoned its bid for Norfolk Southern Railway, the head of the Calgary-based railroad is confident Class I rail consolidation will happen and fuel intermodal volume growth.
18 Apr 2016
Canadian Pacific Railway might still make another play to acquire a Class I railroad. But if Chief Executive E. Hunter Harrison wants to succeed where he has failed twice before — with CSX Transportation in 2014 and with Norfolk Southern Railway this year — he’ll need to take a more diplomatic approach to sway legislators, regulators, shippers and shareholders, rail analysts told JOC.com.
11 Apr 2016
Canadian Pacific Railway announced Monday it has dropped its fight to merge with rival U.S. firm Norfolk Southern Railway, saying it sees “no clear path to a friendly merger at this time.”
06 Apr 2016
The proposed merger of Canadian Pacific and Norfolk Southern railways has put the chair of the House Committee on Transportation and Infrastructure at odds with the former ranking member of the committee.
30 Mar 2016
Canadian Pacific and Norfolk Southern railways are drawing lines in the sand ahead of a looming shareholder meeting, where NS investors will vote over whether their board should come to the negotiating table with a merger-minded CP.