Canadian Pacific Archives

Commentary

December 10, 2012
News

Takeaways from CP’s Investor Conference

Canadian Pacific held its annual Investor Conference Dec. 4-5 in New York City; its first since Hunter Harrison took over as President and CEO and began dramatically reshaping the railroad. I caught Harrison’s Tuesday evening opener via webcast and was impressed with what I heard, teeing up, as it did, the Wednesday main event, which CP Vice President Investor Relations Janet Weiss invited me to attend.

December 07, 2012
Class I

Morgan Stanley: CP a compelling investment

Following Canadian Pacific’s investor conference in New York City Dec. 4-5, Morgan Stanley transportation analyst William Greene has named CP the firm’s “top pick in Freight Transports and a Morgan Stanley Best Idea.”

December 05, 2012
Class I

CP’s Harrison: A “mid-60s” operating ratio by 2016

At an investor conference in New York on Tuesday, Dec. 4, Canadian Pacific’s recently installed President and CEO E. Hunter Harrison outlined his plan for taking the railroad out of last place among North American Class I’s in terms of operating ratio, productivity, cost structure, business growth, and other performance measurements.

December 03, 2012
Class I

CP scraps PRB buildout, will take 4Q write-down

When Canadian Pacific acquired the Dakota Minnesota & Eastern railroad in 2007, it also acquired the option to build a 260-mile extension of DM&E’s network into Powder River Basin coal mines, a plan on which DM&E had begun work several years earlier.

November 15, 2012
Class I

CP reaches accord with electrical workers

The International Brotherhood of Electrical Workers (IBEW) System Council 11 and Canadian Pacific Thursday said the parties have reached a tentative five-year labor agreement covering approximately 450 employees who maintain and install railway signals and communications systems across Canada.

November 14, 2012
Class I

CP offers $1 million to hurricane relief fund

Canadian Pacific Wednesday said it will donate US$1 million to assist with Hurricane Sandy relief efforts.

November 09, 2012
Class I

United Steelworkers, CP strike five-year agreement

Canadian Pacific and the United Steelworkers (USW) Local 1976, which represents approximately 800 clerical and intermodal workers, have entered into a five-year agreement effective Jan. 1, 2013. The current contract was due to expire Dec. 31, 2012.

October 24, 2012
Class I

CP touts “turnaround” as 3Q earnings beat Street

Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in the third quarter of 2011. That surpassed Wall Street consensus expectations of C$1.23 per share.

October 17, 2012
Class I

CP announces new senior operations team

In a move long anticipated by many rail industry observers, Canadian Pacific Wednesday announced the senior operations team who will lead the execution of the new service plans under CP President and CEO E. Hunter Harrison.

October 02, 2012
Class I

Franczak quits as CP operating chief

Canadian Pacific Monday announced the resignation of Mike Franczak, executive vice president and chief operations officer, effective immediately. CP CEO E. Hunter Harrison said a replacement would not be named immediately.