Canadian Pacific Railway News Updates

BusinessLogistics

Canadian Pacific Reports Mixed Q3 Earnings

Canadian Pacific Railway reported mixed third-quarter earnings on Oct. 20, when the Calgary, Alberta-based carrier said combined freight and nonfreight revenue increased 4.3% year-over-year to C$1.94 billion from C$1.86 billion a year ago.

October 20, 2021
GovernmentBusinessLogistics

Kansas City Southern Picks Canadian Pacific Bid

Just hours before the expiration of a Sept. 12 deadline, Kansas City Southern accepted a $31 billion merger proposal from Canadian Pacific Railway.

September 12, 2021
GovernmentBusinessLogistics

Canadian Pacific Moves Into Lead Position for Merger With KCS

Canadian Pacific Railway has edged ahead of rival Canadian National in the back-and-forth battle to acquire Kansas City Southern, as a key vote from KCS shareholders and an earlier ruling from the Surface Transportation Board point toward resolution of a duel that has been brewing for the better part of six months.

September 9, 2021
GovernmentBusinessSafetyLogistics

Thousands of Railcars Stuck After Canadian Wildfires

Thousands of railcars loaded with grain are idled in the Vancouver corridor after Western Canadian wildfires damaged two main lines, while repairs enable a small but rising number to reach the country’s biggest port.

July 8, 2021
BusinessEquipmentLogistics

Rival Canadian Railroad Leaders Make Pitch for Kansas City Southern

Leaders of the rival Canadian National and Canadian Pacific railroads on May 26 made their pitches about why their respective railroads should be approved to purchase Kansas City Southern Railroad.

May 26, 2021
BusinessLogistics

Kansas City Southern Exits CP Deal, Takes CN’s $34 Billion

NEW YORK — Kansas City Southern has abandoned its agreement to be acquired by Canadian Pacific, choosing instead a competing bid from Canadian National Railway with a bigger price tag, but also greater regulatory risks.

May 21, 2021
GovernmentBusinessLogistics

CP Rail Declines to Boost Offer, Urges KC Southern to Drop CN

Canadian Pacific Railway Ltd. declined to increase its offer for Kansas City Southern and urged the U.S. railroad instead to reject Canadian National Railway Co.’s higher bid because of regulatory risks.

May 20, 2021
GovernmentBusiness

CN Rail Offer for K.C. Southern to Fall Under Stricter Rules

Canadian National Railway Co.’s proposal to acquire Kansas City Southern will be judged under stricter regulations adopted in 2001, the U.S. regulator said in an expected decision that lays the ground rules for what would be the first major rail merger in more than two decades.

May 17, 2021
GovernmentBusiness

Canadian Pacific Objects to Potential Regulator Exemption for Rival Bid

Canadian Pacific Railway Ltd. said Canadian National Railway Co.’s unsolicited offer for Kansas City Southern shouldn’t be exempt from tougher merger rules that the U.S. railroad regulator established two decades ago.

May 3, 2021
BusinessLogistics

Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer

Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.

April 28, 2021