Insights and Stories on Canadian Pacific Railway

CP books higher Q4 grain revenue on reduced handle

Jan. 30, 2019 at 5:17 am CST

Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. […]

Grain handle down slightly in record quarter for CP

Oct. 29, 2018 at 10:25 am CDT

By GFM Staff

Grain handle down, costs up in CP’s Q1

Apr. 18, 2018 at 8:20 pm CDT

By Staff

Two unions set to strike Saturday at CP

Apr. 18, 2018 at 12:53 pm CDT

By Staff

CP conductors, engineers reject short-term deal

Nov. 2, 2017 at 9:08 pm CDT

By Staff

CP to chart weekly grain handling performance online

Oct. 14, 2016 at 8:16 pm CDT

Canadian Pacific Railway plans to launch a new weekly “supply chain scorecard” next week, to chart its own performance handling Prairie grain. The Calgary company announced the new program Friday for an online launch Wednesday (Oct. 19), noting the scorecard “will include, when necessary, detailed information on any internal or external […]

By Staff

U.S. activist investor Ackman leaves CP board

Sep. 7, 2016 at 7:00 pm CDT

Bill Ackman, the U.S. activist investor who usurped the leadership of Canadian Pacific Railway in 2012, is leaving the Calgary company’s board after his hedge fund sold off its remaining stake last month. Ackman, who heads New York-based Pershing Square Capital Management, joined CP’s board in 2012 and served on […]

By Reuters

CP, Teamsters dispute railway’s staffing obligations

Jul. 5, 2016 at 7:03 pm CDT

Canadian Pacific Railway is refuting claims from one of its employees’ unions that the company is in “violation of the law” over layoffs of track maintenance staff. Calgary-based CP last month announced temporary layoffs effective June 30 affecting about 500 maintenance-of-way crew positions. On Tuesday it cited “business ebbs and […]

By Staff

CP lays off 500 workers, cites softening demand

Jun. 29, 2016 at 3:00 pm CDT

CNS Canada — Select maintenance workers at Canadian Pacific Railway will be laid off effective Thursday as the railway’s revenue is expected to plummet in the second quarter. Lower volumes are one reason given for declining profits, though grain movement this crop year is ahead of average. Earlier this month, […]

By Jade Markus

CP cuts raise worry over potential slowdown

Jan. 28, 2016 at 1:42 pm CST

CNS Canada –– Canadian Pacific Railway’s decision to cut 1,000 jobs has caught the attention of two Prairie farm leaders. Norm Hall, president of Agricultural Producers Association of Saskatchewan, worries the move is short-sighted and may catch up with the railway in months and years to come, when commodity prices […]

By Dave Sims

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