CP: Dividend increased by 27.5%
Canadian Pacific (CP) recently declared a quarterly dividend of $.83 per share on the outstanding Common Shares, an increase of 27.5% to the previous dividend of $.65 per share.
CP
CP: “Strong momentum” on heels of record-setting April
Canadian Pacific (CP) revealed that, on top of a “strong network performance,” it had a record-setting April, as the Calgary, AB-based railroad delivered a best-ever 2.643 million metric tonnes (MMT) of Canadian grain and grain products.
More growth planned for UP-CP Can-Am Corridor
The past two decades have been a time of steady growth for Union Pacific’s only route to the Canadian border, running from Hinkle, Ore., north through Spokane, Wash., to Eastport, Idaho. Capacity improvements performed over the past several years, and more scheduled for 2019, are evidence of UP’s commitment to accommodate new business through this seldom-mentioned international gateway.
Alberta inks CBR deal with CN, CP
The Alberta Petroleum Marketing Commission (APMC) has signed contracts with CN and Canadian Pacific to utilize 4,400 DOT117 tank cars to transport oilsands crude (bitumen) to U.S. and international markets. Alberta Premier Rachel Notley announced the plan, which also includes locomotive leases, on Feb. 19.
For CP, “a watershed year”
Canadian Pacific Railway on Jan. 24 announced record results for fourth-quarter and full-year 2018. “The power of the CP operating model is evident in the strong performance across the company,” said Keith Creel, President and CEO. “We set records across many lines of business in 2018, including Canadian grain, potash and domestic intermodal. 2018 was a record by almost every measure and will be remembered as a watershed year.”
CP plans Rogers Pass tunnel overhaul
The Canadian Pacific Railway is planning extensive work in its famed Mount Macdonald Tunnel in British Columbia, at 9.1 miles the longest railway tunnel in North America.
CP’s Creel: CTA Vancouver service problem probe “irresponsible”
Canadian Pacific President and CEO Keith Creel has lashed out at the Canadian Transportation Agency’s (CTA) investigation of possible freight rail service problems at the Port of Vancouver, calling the agency’s probe “far-reaching” and “irresponsible.”
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.”
CP: Pushing the grain envelope
Canadian Pacific moved 25.8 million metric tons (MMT) of western Canadian grain and grain products, soybeans and other non-regulated principal field crops during the 2017-2018 crop year and “stands ready to again safely and efficiently deliver during the 2018-2019 crop year.”
CP’s Creel to STB: “Significant productivity, efficiency, service, financial stability gains”
Canadian Pacific on March 30 responded to the Surface Transportation Board’s March 16 blanket letter requesting information on Class I railroad 2018 service outlooks.