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.

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.
12 Jan 2016
With weaker carload volume due to lagging industrial and energy sectors and intermodal revenue despite volume growth, CSX Transportation’s release of its fourth quarter earnings Tuesday sent a warning to the Class I industry.
11 Jan 2016
Shippers, lawmakers and other railroads are already petitioning federal regulators to reject the proposed tie-up of Canadian Pacific Railway and Norfolk Southern Railway even though the former has yet to file any legal notice with U.S. rail regulators.
23 Dec 2015
Canadian Pacific Railway got a lump of coal in its stocking days before Christmas after Norfolk Southern Railway said Wednesday it had rejected a third buyout bid.
21 Dec 2015
Canadian Pacific Railway said its acquisition of Norfolk Southern Railway would improve fluidity through Chicago, but doubts remain whether a tie would do much to free up bottlenecks at the top U.S. freight hub — even if the deal gives CP control of a key belt railroad in the area.
18 Dec 2015
Canadian Pacific Railway’s increasingly aggressive attempt to acquire Norfolk Southern Railway will have a regulatory smoother ride in Canada than in the U.S. — if NS shareholders jump on board with the plan.
17 Dec 2015
Canadian Pacific Railway’s attempt to takeover Norfolk Southern Railway has already raised alarm with a group of Illinois lawmakers and prompted a pointed response from the Canadian railroad.
16 Dec 2015
A proxy war has been all but declared, analysts say, after Canadian Pacific Railway announced Wednesday it had upped its hostile bid for Norfolk Southern Railway by some $3.4 billion.
15 Dec 2015
With expectations that Canadian Pacific Railway is about to launch a proxy fight for control of Norfolk Southern Railway, the Calgary-based railroad’s recent response to an NS white paper is the latest attempt to convince investors to give the deal yet another look at its pitch.
12 Dec 2015
BNSF Railway is flirting with the idea of a potential CSX Transportation or Norfolk Southern Railway acquisition as Canadian Pacific aims to acquire the latter railroad, potentially setting off a wave of consolidation in the Class I industry.
08 Dec 2015
Norfolk Southern Railway’s second rejection of a takeover bid from Canadian Pacific has ignited talk of a potential hostile takeover — something the Class I railroad industry has never seen and is unlikely to occur, according to an intermodal analyst.
04 Dec 2015
Norfolk Southern Railway has rejected an unsolicited takeover bid from Canadian Pacific Railway after the NS board said the $28 billion takeover bid undervalued the company’s stock and the potential regulatory hurdles would threaten business operations.