Canadian Pacific (CP) announced record third-quarter revenues of C$1.98 billion, and reported diluted earnings per share (EPS) of C$4.46, or C$4.61 on an adjusted diluted EPS basis. The Class I railroad also achieved a record-low quarterly operating ratio of 56.1%.
Canadian Pacific (CP) recently presented G3 Pasqua with the 2018-2019 crop-year Elevator of the Year award. CP presents this award annually to the grain elevator that achieves high volumes from a single loading point while consistently demonstrating efficient railcar loading and a strong commitment to safety.
In what that railroad is describing as “part of the next stage of its transformational journey,” Canadian Pacific is making changes in some senior-level executive positions, following two retirements.
Canadian Pacific has joined the Blockchain in Transport Alliance (BiTA). In joining the alliance, CP is supporting BiTA’s mission of producing blockchain standards that allow for interoperability between participants in the global supply chain.
Canadian Pacific Railway (CP) announced it set record second-quarter revenues of C$1.98 billion, an increase of 13% from last year’s C$1.75 billion, and a second-quarter operating ratio record of 58.4%, a 580 basis point improvement over last year’s second-quarter operating ratio of 64.2%.
Canadian Pacific Railway (CP) recently announced that Edward R. Hamberger and Andrea Robertson have been appointed to its Board of Directors.
Miner Enterprises recently announced that it plans to supply outlet gates and hatch covers for 3,800 new high-capacity grain hopper cars ordered by Canadian Pacific (CP) and Canadian National (CN) railways.
Canadian Pacific (CP) recently announced that it took home the Best Logistics Service Provider – Rail award at the Asian Freight Logistics and Supply Chain Awards (AFLAS) in Hong Kong.
Canadian Pacific has opened its new Vancouver Automotive Compound (VAC), which has been located to handle motor vehicles made in North America for distribution in British Columbia, northern Washington State and parts of Alberta, as well as vehicles imported through the Port of Vancouver.
As of the end of May 2019, Canadian Pacific (CP) set a grain record by moving 22.5 million metric tonnes (MMT) of Canadian grain and grain products since the start of the 2018-2019 crop year.