Canadian Pacific Railway News Updates

GovernmentBusiness

Merger Battle for Kansas City Southern Heats Up

An epic battle is in the early stages with Class I railroad powerhouses Canadian National and Canadian Pacific competing with multibillion-dollar bids to purchase the smaller Kansas City Southern railroad.

April 27, 2021
GovernmentBusiness

Canadian Pacific Posts Q1 Earnings, Discusses Rival Bid for Kansas City Southern

Canadian Pacific officials aggressively defended their planned $25 billion acquisition of Kansas City Southern, announced in March, during a conference call April 21 regarding first-quarter earnings.

April 22, 2021
BusinessEquipmentLogistics

Canadian Pacific-Kansas City Southern Merger Will Create 'Transformative' Network

Canadian Pacific Railway Ltd. envisions a “transformative” remaking of its freight-rail business after an announced merger with Kansas City Southern Railway that will create the first U.S.-Mexico-Canada network.

March 24, 2021
Business

Canadian Pacific Reports 20.7% Earnings Gain in Q4

Canadian Pacific Railway posted higher net income despite slightly softer revenue in the fourth quarter, the Class I freight railroad announced Jan. 28.

January 28, 2021
Business

Canadian Pacific Sees Lower Q2 Earnings, Points to Pandemic

Canadian Pacific reported reduced second-quarter earnings that company officials said was a direct result of reduced freight caused by the COVID-19 pandemic.

July 27, 2020
GovernmentBusinessLogistics

Rise in Rail Shipments a Sign of Rebound in Canada

One of Canada’s railways is seeing signs the economy is slowly bouncing back from the coronavirus pandemic.

June 2, 2020
BusinessLogistics

Canadian Pacific Reports Lower Net Income, Robust Revenue in Q1

Canadian Pacific reported reduced first-quarter earnings April 21 as the railroad’s revenue was up 15.6% to C$2.04 billion compared with $1.77 billion in the same quarter a year ago.

April 27, 2020
BusinessLogisticsTCA

Canadian National Railway Acquires Canada, New York Line

Canadian National Railway will take over about 220 miles of railroad throughout Canada and Upstate New York in a deal that could affect about 60 positions.

September 10, 2019
Business

Canadian Pacific Reports Record 2Q Earnings

Canadian Pacific Railway Ltd. on July 16 reported record second-quarter revenues of nearly C$1.98 billion, a 13% increase from the $1.75 billion in 2018. Income also surged to $724 million or $5.19 a share, compared with $436 million or $3.05 a share in 2018.

July 22, 2019
Business

Canadian Pacific Reports Quarterly Revenue Record in 3Q

Canadian Pacific Railway Ltd. posted revenue of C$1.9 billion in the third quarter, a record for any quarter in company history, the Calgary, Alberta-based railroad announced Oct. 18.

October 22, 2018