Record quarter right “on schedule” for Canadian Pacific
The math for North America railroads is simple: A surging economy plus Precision Scheduled Railroading equals record profits.
Canadian Pacific
Crude pumps up weekly carload report
Commodity and intermodal rail traffic continued to finished in positive territory for the latest week, but at a much slower pace than earlier in the year.
Rail a critical link as planners honor Port NOLA’s strategic vision
With rail as a central piece, the Port of New Orleans saw its development plans honored as it transforms the busiest U.S. Gulf maritime gateway.
Cowen on CP: “No skepticism in a post-Hunter world”
“We have no skepticism in Canadian Pacific’s post-Hunter world, said Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl in comments on Canadian Pacific’s Oct. 4 investor day and 3Q2018 preliminary results. “We are encouraged by CP’s opportunities in intermodal and grain, and believe that increased free cash flow will give management the option to raise the dividend or pay down high yielding debt. We raise our price target to $236.”
CP Q32018 prelim: “sustainable, profitable growth”
During its 2018 Investor Day, Canadian Pacific Railway on Oct. 4 reported preliminary third-quarter results, updated its 2018 guidance and unveiled the next phase of its long-term strategy, which it said is “focused on driving sustainable, profitable growth.”
Intermodal, crude lead AAR volumes higher in September
September’s change of seasons didn’t cool off the year-long rise in U.S. rail freight commodities and intermodal traffic.
CN, CP sign for crude-by-rail
Oil producer Cenovus Energy announced it has signed crude-by-rail contracts with CN Railway and Canadian Pacific.
Stacks and tracks: Intermodal leads AAR weekly freight data
Growing e-commerce and the run-up to end-of-year retail sales helped intermodal shipments gain in the weekly rail freight report from the Association of American Railroads.
Trade worries shadow rail freight gains
Another month, another milestone for surging North American rail freight with one caveat – ongoing uncertainty over U.S. trade policy.
New Canada grain mega-terminal opens on Canadian Pacific line
Canadian Pacific Railway will provide service for a new, mammoth grain terminal in Alberta province.