Canadian Pacific Railway News Updates

BusinessLogistics

Railroads Report Better Fourth Quarter, But Shakeup Could Alter Industry in 2017

The fourth quarter marked a turnaround for the railroad companies from the lackluster year, according to earnings released last week, but a potentially major shakeup could result in an interesting 2017 for the industry.

January 19, 2017
Business

Canadian Pacific Cuts Profit Target as Commodities Cargo Slumps

Canadian Pacific Railway Ltd. reduced its full-year profit target, amid revenue declines in commodities such as crude oil and a delayed grain harvest in western Canada.

October 19, 2016
BusinessLogistics

Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

July 21, 2016
Business

Canadian Pacific Earnings Exceed Estimates on Cost Cutting

Canadian Pacific Railway reported second-quarter earnings that topped analysts’ estimates as the carrier reduced costs by cutting jobs and running longer trains to make up for a cargo slump.

July 20, 2016
Business

Canadian Pacific Railway Outlook Disappoints as Sales Plunge

Canadian Pacific Railway  provided a second-quarter profit outlook that fell short of estimates amid a plunge in sales.

June 22, 2016
Business

Canadian Pacific Railway Announces Buyback as Profit Tops Estimates

Canadian Pacific Railway, having failed in its bid to buy Norfolk Southern Corp., will buy back as much as C$1.31 billion ($1.04 billion) of its stock, confirming an effort outlined by CEO Hunter Harrison.

April 20, 2016
Logistics

Canadian Pacific Calls Off Norfolk Southern Merger Bid

Canadian Pacific Railway terminated a plan to combine with Norfolk Southern Corp., ending the Canadian carrier’s efforts to complete the first merger among major railroads since 1999.

April 11, 2016
Logistics

US Army Takes Aim at Canadian Pacific, Norfolk Southern Railroad Merger Plan

The U.S. Army said a Canadian Pacific Railway takeover of Norfolk Southern Corp. has the potential to harm national defense, adding opposition to the possible merger plan.

April 7, 2016
Logistics

Norfolk Southern Sets May 12 Showdown Over Canadian Pacific Acquisition Bid

Norfolk Southern Corp. set a May 12 showdown with potential buyer Canadian Pacific Railway Ltd. by announcing that date for the annual meeting, where shareholders will say whether they want the board to negotiate a merger with the Canadian carrier.

March 29, 2016
Business

Canadian Pacific Asks STB to Rule on Viability of Norfolk Trust Structure

Canadian Pacific Railway is asking U.S. regulators to rule on the proposed voting trust structure it wants to use to acquire Norfolk Southern Corp.

February 16, 2016