As biggest boxship docks, Vancouver’s Deltaport growth tied to rail partnerships
The largest container vessel to call Canada arrived on May 5 at Global Container Terminals (GCT) Deltaport, located in the Port of Vancouver. The port was able to attract the vessel due in part to its enhanced rail connections.
Canada: A new mine, a new rail connection
Canadian Pacific and K+S Potash Canada (KSPC) on May 2, officially opened the Bethune (Legacy) Project potash mine site, the first of its kind built in Saskatchewan in more than 40 years, and in terms of rail infrastructure, “the most significant engineering project undertaken by CP since the mid-1980s,” the railroad said.
CP rolls out 60-foot intermodal box
Canadian Pacific announced the deployment of what it said is the first 60-foot intermodal container.
Improvement seen on CP Q1 results
Canadian Pacific Railway announced revenues of $1.19 billion (C$1.6 billion) for the first quarter of 2017, an increase of 1% from the year-ago quarter, and earnings per share of $2.17, down from or $2.60.
AAR: March sees sand, grain carload marks
Carloads on U.S. railroads grew by 7.3% in March from the same month a year ago, the Association of American Railroads reported.
It shouldn’t take a $300 million man
What has been will be again; what has been done will be done again. There is nothing new under the sun. Is there anything of which one can say, “Look! This is something new”? It was here already, long ago; it was here before our time. No one remembers the former generations, and even those yet to come will not be remembered by those who follow them. Ecclesiastes 1: 9-14.
FINANCIAL EDGE March 2017: He sure plays a mean game of Railroad
When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not Harrison’s first transcontinental endeavor.
EHH: Is CSX next? Let the speculation begin
Months before his previously announced official retirement as CEO, Hunter Harrison has abruptly severed all ties with Canadian Pacific, handing the company’s reins to President Keith Creel. According to numerous reports, Harrison will attempt to take control of CSX, which in 2014 had rebuffed a merger attempt by CP.
Peverett joins CP Board of Directors
Canadian Pacific Railway Limited announced Dec. 14 that Jane L. Peverett has been appointed to its Board of Directors effective December 13, 2016.
CP named 2017 Military Friendly Employer
Canadian Pacific announced Nov. 23 that it has been named a 2017 Military Friendly Employer by Victory Media, publisher of G.I. Jobs magazine. The award recognizes the many veterans, National Guard members, and reservists that CP employs.