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.

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.
Norfolk Southern Railroad
29 Mar 2016
Norfolk Southern Railway has set a date for its annual shareholders meeting, setting the stage for a showdown with Canadian Pacific Railway, its longtime suitor that has been pursuing a merger with NS for nearly five months.
09 Mar 2016
Canadian Pacific Railway officially filed its proxy statement with the U.S. Securities and Exchange Commission Wednesday outlining a shareholder resolution to be considered at Norfolk Southern Railway’s annual meeting this spring. But, the overture merely asks NS shareholders to consider a trust rather than set the stage for control over the NS board.
03 Mar 2016
FedEx, the largest less-than-truckload carrier in North America and the second-largest trucking operator in the U.S., has joined the league of logistics industry groups, including rival UPS, opposed to a proposed Canadian Pacific-Norfolk Southern railway merger.
03 Mar 2016
Canadian Pacific Railway has officially requested U.S. rail regulators speed along an official review vetting the viability of its proposed merger with Norfolk Southern Railway in time for an NS shareholder meeting this spring.
25 Feb 2016
Shippers of agriculture and recycling metal back the potential merger of Canadian Pacific and Norfolk Southern railways, while UPS, other major logistics players, elected officials, municipalities, trade groups and chambers of commerce oppose such a deal, according to an analysis of more than 100 letters written to U.S. rail regulators.
16 Feb 2016
Canadian Pacific Railway is asking the U.S. government to vet the viability of its proposed merger with Norfolk Southern Railway.
12 Feb 2016
UPS, one of the world’s largest transportation firms, is the first major user of North America intermodal rail services to publicly weigh in on the proposed merger of Canadian Pacific and Norfolk Southern railways, saying it opposes the potential tie-up.