The phase-out of coal for electricity generation announced by Canada’s greenish Liberal government Nov. 21 will have no impact on the country’s Class I railways. That’s because nearly all of CN and Canadian Pacific steam coal haulage originates and terminates within the U.S.
Canadian Pacific (CP) is once again teaming up with the CFL (Canadian Football League) to deliver CP Touchdowns for Heart during the 104th Grey Cup Playoffs.
Canadian Pacific has provided notice to the Teamsters Canada Rail Conference (TCRC) that it will be seeking changes by Transport Canada that would reduce by a third the maximum permissible hours that its Canadian-based running trades employees can spend at the controls of a train.
Canadian Pacific announced on Nov. 7 that, despite a weather-delayed harvest, October “was its best-ever month for Western Canadian grain movement to Vancouver and stands ready to work with its supply chain partners through the 2016/17 season to transport a bumper crop to world markets.”
Savage announced Oct. 25 the start of transloading in Daveport, Iowa.
Canadian Pacific on Oct. 19 named Nadeem Velani Vice President and Chief Financial Officer. He had been serving in an interim capacity since Sept. 9, 2016.
An operating ratio of 57.7%, the lowest-ever when compared to adjusted operating ratios in previous quarters, and increases in diluted earnings per share (both adjusted and non-adjusted) marked Canadian Pacific’s third-quarter 2016 financials.
Canadian Pacific CEO Hunter Harrison says his railroad is ready to move Western Canada’s delayed grain crop to market, provided there is “supply chain accountability,” which will be measured in a new supply chain scorecard CP has developed.
Canadian Pacific joined the Canadian Transportation Safety Board (TSB), which released a study on September 19, in reiterating support for the Minister of Transport to implement Locomotive Voice and Video Recorders (LVVR) as soon as possible.
Canadian Pacific announced that Guido De Ciccio, Senior Vice-President, Operations Western Region, is retiring from CP after four decades of dedicated service.
