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.

16 Dec 2014
U.S. intermodal trains on average are moving faster, but they still have a ways to go before delivering the level of service shippers had come to expect before last winter.
18 Nov 2014
Norfolk Southern Railway’s proposed purchase of 282 miles of track in Pennsylvania and New York could allow the railroad to make much-needed improvements to its intermodal service.
07 Nov 2014
The activist investor who wrestled control of Canadian Pacific Railway in 2012 reignited speculation that the Calgary-based railroad would acquire a U.S. counterpart by suggesting Norfolk Southern Railway might be the next target.
CP train
03 Nov 2014
Canadian Pacific Railway doesn’t expect a “sharp seasonal peak” in intermodal volume this fall, even after seeing a modest bump in international intermodal traffic from diversions of U.S. West Coast traffic to Port Metro Vancouver and gaining domestic intermodal market share.
31 Oct 2014
Home Depot Canada is building a more than 1 million-square-feet distribution hub near a Canadian Pacific Railway intermodal terminal in Calgary, further cementing the largest city in Alberta province as a major staging ground for western Canada.
Railroad crossing
27 Oct 2014
Canadian Pacific Railway CEO E. Hunter Harrison sees railroad consolidation as possible and a way to greatly improve service, but the majority of his Class I counterparts aren’t on board.
22 Oct 2014
Canadian Pacific Railway CEO E. Hunter Harrison yesterday struck back at critics of potential rail industry consolidation, saying U.S. regulators could approve a merger and service would improve as a result.
Canadian Pacific
22 Oct 2014
Canadian Pacific Railway’s domestic intermodal push keeps gaining steam, with volume jumping 19 percent year-over-year in the third quarter and demand sometimes even exceeding the railroad’s capacity.
20 Oct 2014
Canadian Pacific said its exploratory discussions with CSX Corp. about a possible merger have ended and that no further talks are planned.
16 Oct 2014
The U.S. Surface Transportation Board is pressuring Canadian Pacific Railway to better explain how it will address service issues.
14 Oct 2014
Intermodal shippers using CSX Transportation and Canadian Pacific Railway would see few benefits if the two railroads merged, and could risk a short-term deterioration in service if operations were meshed.
13 Oct 2014
CSX has rebuffed an overture from Canadian Pacific Railway about a merger or acquisition that would reshape North America’s transportation map by creating the continent’s largest rail network.