Railway Age has named Canadian Pacific President and CEO Keith Creel the 58th annual recipient of its Railroader of the Year Award. A cover profile of Creel and his leadership at CP will appear in the January 2021 issue.
CN and Canadian Pacific (CP) have received leadership-level scores from global environmental non-profit CDP for their 2020 climate change actions and disclosures.
Canadian Pacific (CP) and Kansas City Southern (KCS) have continued their partnerships with the Homes for Heroes Foundation (HFHF) and The Salvation Army, respectively, to hold fundraisers for local communities.
CN and Canadian Pacific (CP) have again reported record grain moves for November.
Canadian Pacific (CP) is building business at the Port of Saint John in New Brunswick with an extension of its service agreement with global liner shipping company Hapag-Lloyld AG, which will begin regular intermodal service via CP from the Atlantic Canada port starting in 2021.
Canadian Pacific and CN have been added to the 2020 Dow Jones Sustainability Index (DJSI) North America. CN is also listed on the 2020 DJSI World.
CN and Canadian Pacific (CP) each moved more than 3 million metric tons (MMT) of grain in October—a first, as neither had ever exceeded that amount in one month.
Canadian Pacific (CP) announced that its third-quarter 2020 financial and operating results played out as “expected,” as the railroad “steadily built momentum” and “persevered” through 2020.
Canadian Pacific Railway (CP) will start moving A.P. Moller-Maersk traffic through the ports of Vancouver and Montreal on March 1, 2021, under a multi-year rail agreement. It applies to both dry and refrigerated freight.
Canadian Pacific and OMERS, the defined benefit pension plan for municipal employees in the province of Ontario, have entered into a purchase agreement whereby CP will acquire full ownership of the Detroit River Rail Tunnel from certain affiliates of OMERS. The purchase price for the transaction, currently expected to close at the end of 4Q2020, is approximately US$312 million and remains subject to customary closing conditions, including regulatory approvals.