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.

26 Jul 2019
A new chassis depot is open outside Canadian Pacific's intermodal terminal near Chicago's O'Hare Airport, which will allow truckers to pick up and return equipment to transport containers.
17 Jun 2019
The Illinois Trucking Association has begun to track truck turn times in Chicago rail yards to provide shippers a better understanding of how congestion disrupts the supply chain.
31 May 2019
CP’s signing of Yang Ming to handle its Candian cargo — with some shipped on the vessels of its alliance partners via Halifax and Prince Rupert — comes a little more than a year after the railroad contracted the bulk of business from the Ocean Network Express (ONE).
14 Feb 2019
The development project is designed to meet growing cargo demand as the port expands its share of intermodal traffic destined for eastern Canada and the US Midwest.
12 Feb 2019
Container dwell times have spiked as terminal operators and Canadian railroads struggle to add sufficient capacity to handle growing volumes.
Trucks travel on a highway in near Toronto, Canada.
19 Oct 2018
The electronic logging device rule imposed in the United States in November has already affected Canadian trucking, both cross-border and domestic services.
An intermodal travels through California, United States.
10 Oct 2018
This has been a record year for US intermodal rail, but changes in shipping patterns apparently have lowered the autumn intermodal peak — or broken it into two smaller peaks.
Port of Vancouver.
27 Jun 2018
Shippers that had cargo delayed at Canada’s west coast ports last winter will monitor that region's ports and railroads to gauge whether service and infrastructure changes have resolved all issues.
21 Jun 2018
Sponsored: CP's Wahba on Asia, West Coast market demand, and 2018 intermodal expansion.
Canadian Pacific Railway.
30 May 2018
Less than 24 hours after engineers and conductors walked out and joined the picket line, Canadian Pacific Railway reached a tentative, four-year deal with the Teamsters Canada Rail Conference.
Canadian Pacific Railway.
20 Apr 2018
On the recommendation of federal mediators, the Canadian Minister of Labor directed the Industrial Relations Board to administer a ratification vote of Canadian Pacific Railway's final offer to the Teamsters Canada Rail Conference and the International Brotherhood of Electrical Workers. The two unions described the situation as a "postponed strike" in a strongly worded statement urging their members to reject the offer.
12 Apr 2018
Sponsored: Naomi Iwashita, CP's manager of temperature control solutions, on new technologies enabling shipper access to temperature data on a specific refrigerated container as it moves through the supply chain. Iwashta details Canadian Pacific Railway's launch of its one-stop TempPro service, recent equipment investments, and approach to improving round-trip economies for exporters.
Canadian Pacific Railway.
08 Mar 2018
Canadian Pacific Railway CEO Keith Creel says the new ONE business in Vancouver and CP’s expansion into the distribution center-rich Ohio Valley signal the Canadian railroad’s intention to growth its international intermodal freight volume.
Canadian Pacific Railway
21 Feb 2018
The expansion of business with Japan’s Ocean Network Express shipping alliance underscores Canadian Pacific Railway's intent to gain intermodal market share.
01 Feb 2018
Prince Rupert, Vancouver, Canadian National Railway, and Canadian Pacific Railway are expanding their assets and capacity to prepare for the peak season of 2018 after a troublesome peak last year.