CP sets record 2Q earnings, operating ratio

Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of 71.9%, an improvement from 82.5% a year ago.

CP, K+S Potash sign deal on rail logistics

Canadian Pacific and K+S Potash signed an “exclusive long-term volume-based contract” Wednesday, July 10, 2013, for the transportation of potash products from K+S’ Legacy Site, CP said Thursday.

CP to donate to Alberta flood relief effort

Canadian Pacific will donate $200,000 to the Canadian Red Cross to help victims of the devastating floods this month in southern Alberta, the railroad said Wednesday, June 25.

For CP, a rapid recovery from Alberta floods

Canadian Pacific said Monday, June 24 that its main line west of Calgary through the Banff-Canmore region of Alberta is now open after operations crews successfully restored segments impacted by the extreme weather the preceding week. A portion of CP track in Calgary was expected to reopen late on June 24, fully restoring the railroad’s main line. A segment of CP’s south line to Lethbridge, Alberta, was expected be fully restored by Thursday, June 27.

BNSF’s Johnson succeeds CP’s McFarlane in U.S.

Robert Johnson, who has spent 32 years with BNSF Railway and its predecessors, most recently as General Manager-Northwest Division, has been appointed Canadian Pacific Railway’s Vice President U.S. Operations. He replaces Senior Vice President U.S. Operations Doug McFarlane (pictured), who has announced his retirement after 37 years with CP in both Canada and the United States.

CP speeds up Toronto-Calgary intermodal service

Canadian Pacific said Wednesday, June 19 it has launched a faster intermodal rail service between Toronto and Calgary to better serve customers on this route. The new service offering cuts 20 hours from previous schedules, CP said.

CP train crew saves a life, commended for bravery

On the evening of May 11, 2013, Canadian Pacific Railroad Engineer Fred Jarrell and Conductor Ben Goar were moving their train next to Warner Road near Childs Road in St. Paul, Minn., along the bluffs of the Mississippi River, when they noticed a boy hanging onto the bluffs.

Whatcha gonna do when CP’s cops come for you?

Canadian Pacific Police Service officers were out in force on May 7, Operation Lifesaver’s International Level Crossing Awareness Day, at five locations along the railroad’s U.S. network to enforce grade-crossing safety laws.

Canadian Pacific increases 2013 capital investment program

In December 2012, Canadian Pacific announced a 2013 capital spending plan of up to $1.1 billion. On May 7, CP said that it will move forward certain capital spending projects originally targeted for 2014 into this year, funded by a higher than anticipated 2013 cash flow projection.

CP contributes $100,000 to school breakfast program for Toronto children

Canadian Pacific has provided financial support to a Toronto-area program that provides a nourishing breakfast for small children every school morning, enabling it to expand its services to reach more children.

LOAD MORE