Canadian Pacific Railway

Canadian Pacific Railway

22 Oct 2021
International air freight and last-mile delivery saw the fastest revenue growth in the transportation sector last year, while industrial transportation suffered.
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.
19 Nov 2015
Canadian Pacific Railway CEO Hunter Harrison said he’s willing to reevaluate and raise his company’s $28 billion takeover bid for Norfolk Southern Railway — if only executives at the Virginia-based railroad would open a line of communication.
19 Nov 2015
The top U.S. rail regulatory agency on Wednesday gave guidance on when it expect to wrap up the issue of reciprocal switching, and provided a glimpse into the arduous regulatory process facing the potential merger of the Norfolk Southern and Canadian Pacific railways, according to attendees at an industry event.
17 Nov 2015
Tuesday’s proposed merger of Canadian Pacific and Norfolk Southern railways raises the question of whether the Class I railroad industry will be swept up in the wave of consolidation hitting the third-party logistics, parcel, and perhaps, even, the container shipping industries.
09 Nov 2015
Canadian Pacific Railway is reportedly gearing up to make a play for Norfolk Southern Railway in a new effort to consolidate the North American rail industry just 13 months after a similar bid for NS archrival, CSX Transportation, fell flat.
20 Oct 2015
Canadian Pacific Railway’s domestic intermodal push seems to have lost its steam.
15 Sep 2015
The weeklong truck drivers strike in Ontario is growing in size and continues to disrupt cargo deliveries in the greater Toronto area, according to the group of independent owner-operators behind the protests.
10 Sep 2015
A group of truck drivers protesting their classification as independent drivers are disrupting Toronto-area container deliveries by blocking trucking terminals.
08 Aug 2015
Canadian National Railway plans to invest C$20 million to expand its cold supply chain capacity to help producers and distributors of chilled and frozen foods increase business in North American and overseas markets.
21 Jul 2015
Still riding a wave of U.S.-bound intermodal cargo, Canadian National Railway surprised Wall Street analysts this week, posting a better-than-anticipated second quarter.
21 Jul 2015
Canadian Pacific Railway’s domestic intermodal push appears to be losing steam after the railroad's volume growth decelerated to slowest pace in nearly a year.
18 May 2015
Grain is moving by rail at a steady pace from Canada’s Prairie Provinces to export terminals in British Columbia’s Vancouver, Prince Rupert, and Thunder Bay.
22 Apr 2015
Amid investors’ furor over the decline in crude shipments hauled by Canadian Pacific Railway in the first quarter were signs that the railroad’s domestic intermodal push is gaining traction and CP is emboldened to make a stronger play for ocean container business.
20 Feb 2015
U.S. intermodal volumes are declining, while Canadian shipments increase, a sign that more shippers are diverting cargo from the U.S. West Coast north to ports in British Columbia.
16 Feb 2015
Canadian Pacific Railway and union locomotive engineers and conductors have agreed to enter into binding government arbitration, ending a strike that began Sunday and could have severely crippled U.S. and Canadian supply chains.
15 Feb 2015
CSX Transportation has warned that the strike by more than 3,000 Canadian Pacific Railway locomotive engineers and conductors could affect shipments to and from Canada.
15 Feb 2015
A Teamsters union representing more than 3,000 Canadian Pacific Railway locomotive engineers and conductors walked off the job after failing to reach an agreement by the midnight deadline on Feb. 14.
Canadian Pacific intermodal train, winter
11 Feb 2015
Canadian intermodal shippers could see a reduction in Canadian Pacific Railway service if a union representing 3,300 locomotive engineers, conductors and train workers follow through with their threat to strike later this week if the railroad doesn’t meet their contract demands.
02 Feb 2015
Avondale Partners sees higher over-the-road pricing ahead for shippers, but still expects some freight to shift from intermodal rail to truck as fuel prices and surcharges plummet, cutting into total trucking costs.
30 Jan 2015
A key metric of U.S. intermodal rail service continues to show improvement even as volume builds, giving shippers a better shot of seeing the level of service they saw in 2012-2013 as soon as the spring.
23 Jan 2015
Canadian Pacific Railway said it expects mid- to high-single-digit intermodal revenue growth this year, as domestic intermodal traffic builds steadily and container lines boost volume on improving services.
14 Jan 2015
Roughly 1,650 Canadian Pacific Railway maintenance workers represented by the Unifor union have voted to strike if a contract with the railroad can’t be reached by Feb. 15.
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.