Canadian Pacific Railway Ltd. announced second-quarter revenues of C$1.75 billion, an increase of 7% from $1.64 billion when compared with the same period of 2017.
July 18, 2018Canadian Pacific Railway News Updates
Canadian Pacific Rail Workers’ Strike Threatens Freight Traffic
More than 3,000 Canadian Pacific Railway Ltd. workers walked off the job, threatening a wider disruption in freight traffic and setting up the first major labor test for Canadian Prime Minister Justin Trudeau.
May 30, 2018Canadian Pacific First-Quarter Revenue Rises as Strike Threat Rises
Canadian Pacific Railway reported first-quarter revenue of C$1.66 billion and diluted earnings of C$2.41 per share April 18 as potential labor troubles loomed.
April 18, 2018Canadian Pacific Sees Solid Fourth Quarter
Canadian Pacific Railway reported healthy fourth-quarter and yearly results, with income boosted in part by the recent reduction in the U.S. corporate tax code from 35% to 21%.
January 19, 2018CSX Treads Water in 3Q After Turbulent Summer
The freight railroad industry began the earnings season on a positive note. CSX Corp. scratched out a small win and Canadian Pacific Railway easily surpassed year-ago levels as the industry continues to rebound in 2017.
October 18, 2017Canadian Pacific Railway Sees End of the Line for Government-Owned Grain Cars
Canadian Pacific Railway Ltd. is ready to buy its own grain cars, sidelining 6,000 government-provided ones from the 1970s that are no longer up to the job.
July 20, 2017Canadian Pacific Posts Strong 2Q Showing, Profits Up 46%
Canadian Pacific Railway continued a positive second quarter for rail freight carriers with profits jumping 46% due to growth in business in intermodal and the transportation of grain, potash, metals and minerals.
July 19, 2017Canadian Pacific's Wallace Takes Leave, Could Join Harrison Atop CSX
Mark Wallace, chief of staff at Canadian Pacific Railway Ltd., was put on a paid leave of absence on Jan. 27, prompting more speculation that Wallace and outgoing CEO Hunter Harrison will attempt to take over the reins at rival railroad CSX Corp. through private investor Paul Hilal of Mantle Ridge.
January 27, 2017Canadian Pacific Separation Deal With Harrison Stokes CSX Speculation
Canadian Pacific has reached a separation agreement with CEO Hunter Harrison effective at the end of the month, according to a filing with the Securities and Exchange Commission, which could stoke speculation that he and private investor Paul Hilal will attempt to assume control at rival railroad CSX.
January 24, 2017Railroad 4Q Profits Mixed; Exec Shake-up Anticipated
The fourth quarter marked a turnaround for railroad companies from the lackluster year, according to earnings released last week, while a potentially major shakeup could result in an interesting 2017 for the industry.
January 23, 2017Trending
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