Insights and Stories on Cp

CN, CP both over revenue limits for 2014-15 grain haul

Dec. 29, 2015 at 7:31 pm CST

Canada’s big two railways will both be required to hand over seven figures in Prairie grain revenue from the 2014-15 crop year after taking in more than their federally-allowed maximums. The Canadian Transportation Agency on Tuesday ruled Canadian National Railway and Canadian Pacific Railway (CN, CP) exceeded their grain revenue […]

CP to weigh options after another Norfolk rejection

Dec. 23, 2015 at 7:20 pm CST

By Staff

CP revises hostile bid for Norfolk Southern, again

Dec. 16, 2015 at 8:30 pm CST

By Allison Lampert Euan Rocha

Norfolk Southern rejects CP’s revised offer

Dec. 15, 2015 at 5:03 pm CST

By Reuters

CP revises offer for Norfolk Southern, rebuffed again

Dec. 8, 2015 at 4:45 pm CST

By Allison Lampert Euan Rocha

U.S. railway Norfolk Southern rejects CP offer

Dec. 4, 2015 at 3:34 pm CST

Reuters — U.S. railroad operator Norfolk Southern said Friday its board had rejected Canadian Pacific Railway’s US$28.4 billion offer, calling it “grossly inadequate” and could face substantial regulatory hurdles. A struggling coal transportation market, suppressed by weak market demand and global oversupply, has weighed on the earnings of Norfolk, making […]

By Ankit Ajmera Sneha Banerjee

Slimmer harvest yields faster deliveries from railways

Nov. 24, 2015 at 7:52 pm CST

CNS Canada –– A year ago, Western Canada’s shortline railways were struggling to meet commitments, but this year’s smaller grain production has reduced the stress on rail transporters. “There’s no shortage of cars, and there’s no problems in shipping,” said Sheldon Affleck, president of Regina-based shortline Big Sky Rail. A […]

By Jade Markus

Running rights on table in CP bid for Norfolk Southern

Nov. 17, 2015 at 6:21 pm CST

Canadian Pacific Railway (CP) says it hopes to unclog one of the most infamous rail traffic bottlenecks in the U.S. with a bid to buy railway Norfolk Southern. Confirming a recent news report on its plans, CP announced Tuesday it has sent an offer letter to Virginia-based NS. The Calgary […]

By Dave Bedard

Cereals North America: Communication key to improved grain transportation

Nov. 5, 2015 at 7:06 pm CST

Winnipeg | CNS Canada –– Canada’s grain transportation system is running relatively smoothly for the time being, but there is still plenty of room for improvement — and better communication between participants is seen as a way to alleviate future bottlenecks. The 2013-14 crop year, with its logistical challenges and, […]

By Phil Franz-Warkentin

CP books more grain revenue on less grain in Q3

Oct. 25, 2015 at 1:28 am CDT

Canadian Pacific Railway (CP) boosted its income from Canadian grain by five per cent in its third quarter ending Sept. 30, on its way to its highest-ever Q3 gross revenue. Across all its business segments, the Calgary-based railway on Tuesday reported net income of $323 million on $1.709 billion in […]