canadian pacific

A transload facility at Vancouver developed by Maersk and Canadian Pacific is open for business. The new Pacific Transload Express facility will bring "more speed and agility to demand fluctuations while also reducing demurrage and detention costs," Maersk touted Thursday. The facility opened Sept...

Logistics and materials handling provider Savage has developed and is operating a transload facility at a Chicago-area Canadian Pacific rail yard to support the construction industry. The CPT Chicago Transload terminal at CP's Bensenville, Illinois, rail yard will transload lumber and building...

Employment levels at the U.S. operations of the Class I railroads in April were up slightly from March but down 7% year-over-year, according to data submitted to the Surface Transportation Board. U.S. Class I railroads operating in the U.S. employed 115,485 employees in April, up 0.42% from March...

Rivals Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) are still at work seeking to convince the Surface Transportation Board (STB), industry stakeholders and Kansas City Southern (NYSE: KSU) shareholders which Canadian railway is the best company suited to merge with Kansas City Southern (KCS). CP...

By Byron L. Dorgan, retired U.S. senator from North Dakota Making an exception is different than changing one's mind. That's how I came to the conclusion that, although I have been a strong and relentless critic of mergers by big Class I railroads, the recently proposed merger by Canadian Pacific...

Canadian Pacific (NYSE: CP) isn't planning on taking part in a bidding war with rival Canadian railway CN (NYSE: CNI) to acquire Kansas City Southern (NYSE: KSU), CP's CEO said Wednesday. "We're not considering changing anything with our bid. We're focused on getting our deal, which represents...

Canadian Pacific Railway Ltd (NYSE: CP) and Canadian National Railway (NYSE: CNI) are vying to be the top freight railroad in Eastern Canada, with both companies seeing the Atlantic Canada ports as having untapped potential. The ports at Saint John and Halifax have access not only to Eastern and...

Canadian Pacific (NYSE: CP) has completed its acquisition of the Central Maine & Quebec (CMQ) Railway. The U.S. portions of the CMQ network still need approval from the Surface Transportation Board. The CMQ will give CP's customers access to ports at Seaport, Maine, and Saint John, New...

Canadian Pacific (NYSE: CP) reached an all-time record in shipping grain volumes in the 2018-2019 crop year, the company said on August 1. The railway hauled 26.8 million metric tonnes of grain and grain products in the crop year that ran from August 1, 2018 to July 31, 2019. That total volume was...

Canadian Pacific's (NYSE: CP) is willing to cut costs in the second half of 2019 should macroeconomic factors put pressure on demand for rail service, company executives said on July 16 during the railroad's second quarter earnings call. "We continue to watch the demand environment closely, and...

Canadian Pacific's (NYSE: CP) second quarter net income rose 66 percent amid a 13 percent increase in company revenue, the railroad reported on July 15. CP's financials are reported in Canadian dollars, except for earnings per share. The Canadian dollar equals US$0.77. Second quarter net profit...

Canadian Pacific Railway Limited (USA) (NYSE: CP) announced on Wednesday that its largest shareholder, Bill Ackman's Pershing Square, sold its entire 9.8 million stake in the company after buying a stake in 2011 and running a proxy fight in 2012. Ackman will, however, remain on Canadian...