Canadian Pacific Railway Ltd.

This story is developing. Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN. CP (NYSE: CP) is offering a stock-and-cash "superior proposal" worth an estimated...

Canadian Pacific has a number of options it can pursue should the regulatory and market environments not be conducive to mergers and acquisitions, executives said during the railway's second-quarter 2021 earnings call on Wednesday.  Besides CP's "unique origin strengths" and shorter lengths of...

After a bumpy finish Friday, the road feels smoother as we start the final full week of Q1. This easy cruising might not last, however, with another appearance from Fed Chairman Jerome Powell on tap tomorrow.  Some positive vaccine news and a dip in Treasury yields provided early support,...

Canadian Pacific (NYSE: CP) moved 2.09 million metric tonnes (mt) of Canadian grain and grain products in January, a company record for the month. January's volumes beat the previous January 2019 record by 200,000 mt, CP said late Wednesday. "This record-setting performance was achieved through...

Net profits for the fourth quarter of 2019 rose nearly 22% for Canadian Pacific (NYSE: CP) amid a quarterly record for overall revenue. Fourth-quarter net income for 2019 totaled C$664 million, or C$4.82 diluted earnings/share, compared with C$545 million, or C$3.83 diluted earnings/share, in the...

Canadian Pacific (NYSE: CP) and union officials are at odds over a documentary and reports produced by the Canadian Broadcasting Corp. (CBC) in which the network explored the events surrounding a February 2019 fatal accident involving a CP train — including questions about how the investigation was...

Canadian Pacific (NYSE: CP) hauled record volumes of grain last December and for the fourth quarter of 2019, following significant capital investments in its grain infrastructure. The railway shipped 7.9 million metric tonnes (mt) of grain in the fourth quarter, beating a prior quarterly record of...

Vancouver-headquartered Teck Resources (NYSE: TECK) will start usingCanadian National (NYSE: CNI) to haul its coal to West Coast ports in 2021.  Canadian National's (CN) competitor, Canadian Pacific (NYSE: CP), currently has a 10-year contract with Teck to transport metallurgical coal from Teck's...

Canadian Pacific (NYSE: CP) hauled an all-time company record of Canadian grain and grain products in November, the company said on Dec. 2. The railway moved 2.74 million metric tonnes (mmt), a monthly record that's higher than the previous all-time record of 2.66 mmt in November. The record...

Canadian Pacific (NYSE: CP) will be acquiring short line Central Maine & Quebec Railway (CMQ) in a deal that CP hopes will boost its footprint in the Eastern U.S. and establish a coast-to-coast network in Canada, the railway said on Nov. 20. CMQ has 481 miles of rail lines in Quebec and Maine...

Despite relatively flat net profits, Canadian Pacific (NYSE: CP) reached a record-low quarterly operating ratio (OR) of 56.1% and earned record revenue in the third quarter, the company said on October 23.  Third-quarter net income totaled C$618 million, a 0.6% drop from the C$622 million in net...

Canadian Pacific (NYSE: CP) moved record amounts of grain and grain products in May out of the port of Vancouver. The railway moved 15 million metric tonnes of grain for export through Vancouver in May, breaking the record set in May 2017 by 5 percent, the company said on June 4. Since the start...