Canadian Pacific Railway

Canadian Pacific Railway

15 Sep 2021
Canadian National has bowed out of its pursuit of Kansas City Southern, two weeks after US regulators threw up a major roadblock to a proposed deal, clearing the way for Canadian Pacific to apply for regulatory approval for its deal with the US-Mexico railroad.
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.
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.
10 Feb 2016
Canadian Pacific Railway CEO E. Hunter Harrison said Wednesday he will abandon a proposed takeover of Norfolk Southern Railway if shareholders at the Virginia railroad fail to pressure their board to sit down at the negotiating table with their Canadian counterparts.
09 Feb 2016
Canadian Pacific Railway said Tuesday it plans to submit a resolution asking Norfolk Southern Railway shareholders request their board of directors engage in “good faith discussions” with CP regarding its proposed merger, the newest approach after the Calgary-based company has been rebuffed three times.
03 Feb 2016
In its third white paper defending what has become an increasingly hostile bid for Norfolk Southern Railway, Canadian Pacific Railway detailed its confidence that a tie-up would pass muster with U.S. rail regulators.
26 Jan 2016
The potential merger of Canadian Pacific and Norfolk Southern railways, and the resulting tie-up such consolidation could spur, would shake up the Class I industry — and their shipper customers — to a degree not seen since the Staggers Act of 1980 dramatically reduced the number of major railroads operating in the U.S.
21 Jan 2016
Sluggish economic conditions derailed Canadian Pacific Railway’s domestic intermodal success, pulling down traffic 9 percent and contributing to a 29 percent profit decline.
19 Jan 2016
Canadian Pacific Railway has asked the U.S. Department of Justice to investigate a “collective campaign” spearheaded by other major railroads to block its increasingly hostile stock-and-cash bid for Norfolk Southern Railway.
14 Jan 2016
Canadian Pacific and Norfolk Southern railway would have to convince U.S. rail regulators that a potential merger won’t set off a wave of Class I consolidation in order to get the greenlight, U.S. Surface Transportation Board Chairman Daniel Elliott said Thursday.
14 Jan 2016
Canadian Pacific Railway criticized the head of Union Pacific Railroad for pledging to try to stop Class I industry consolidation, pointing out that the U.S. Western railroad became the largest in North America because of numerous mergers and has praised consolidation.
13 Jan 2016
The top executive at the largest U.S. railway said Wednesday he will do everything within his power to prevent further consolidation within the Class I rail industry, the likes of which has been suggested with the proposed tie-up of Canadian Pacific and Norfolk Southern railways.
13 Jan 2016
Canadian Pacific and Norfolk Southern railways clashed again over a proposed merger, with the former making another case for consolidation and the latter showing off again how it’s boosting efficiency independently by combining operations.
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.