Strikes called off as unions, CP reach tentative deals

Reading Time: 3 minutes Labour peace arrives Thursday morning at Canadian Pacific Railway, as the company and the unions for its conductors, engineers and signal maintainers have reached tentative deals. The International Brotherhood of Electrical Workers (IBEW) Council No. 11, which represents about 360 CP signal maintenance staff, announced a tentative three-year deal with Calgary-based CP Tuesday evening. The […] Read more

CP employees to walk the line Tuesday night

Reading Time: 2 minutes Barring any last-minute deals, conductors, engineers and signal maintainers at Canadian Pacific Railway plan to be on strike as of 9 p.m. CT Tuesday. The Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP engineers, and the International Brotherhood of Electrical Workers (IBEW), which represents about 360 CP signal maintenance staff, both announced Saturday […] Read more


ICE weekly outlook: Canola awaits acreage report

Reading Time: < 1 minute CNS Canada — This week’s acreage estimates from Statistics Canada could bring an end to canola’s recent chart surge upward — or could give futures the impetus to move even higher. The dominant July contract closed Wednesday at $535 per tonne, a gain of $8 from the previous Wednesday’s close. Prairie farmers on Friday will […] Read more



CP conductors, engineers authorize strike

Reading Time: < 1 minute Montreal | Reuters — Canadian Pacific Railway conductors and locomotive engineers on Friday voted to authorize a strike action that could have the 3,000 workers walk off the job as early as April 21, Teamsters Canada said in a statement. The workers, whose collective agreement expired late last year, are asking for more predictable schedules […] Read more

Grain handle down in CP’s ‘best-ever’ fourth quarter

Reading Time: 2 minutes U.S. income tax reform and significant increases in non-grain traffic more than offset a dip in Canadian Pacific Railway’s grain handle in its fourth quarter of 2017. Calgary-based CP on Thursday reported net income of $984 million on $1.713 billion in gross revenues in what it described as its “best-ever” fourth quarter, up from $384 […] Read more

CN, CP roll over revenue caps for 2016-17

Reading Time: 2 minutes Canada’s big two railways have both overshot the maximum revenue they’re allowed to keep for ferrying the 2016-17 grain crop off the Prairies. The Canadian Transportation Agency on Thursday issued its annual determination of how much, if any, revenue Canadian National Railway (CN) and Canadian Pacific Railway (CP) made over their maximum grain revenue entitlements […] Read more


CP’s third-quarter grain handle down

Reading Time: < 1 minute “Volume momentum” in its third quarter has Canadian Pacific Railway looking forward to a rosier year-end ledger, though its grain traffic for the quarter dragged on that momentum. Calgary-based CP on Tuesday reported net income of $510 million on $1.595 billion in revenues for the third quarter ending Sept. 30, up from $347 million on […] Read more

Grain revenue, grain handle higher in CP’s Q1

Reading Time: < 1 minute Increased grain and potash traffic and revenue helped Canadian Pacific Railway book a shift to “positive volumes” in its first-quarter ledger. Calgary-based CP on Wednesday reported net income of $431 million on revenues of $1.603 billion for its quarter ending March 31, down from $540 million on $1.591 billion in the year-earlier period. “We turned […] Read more