cp Archives | Page 19 of 20

CP books record profit, more grain revenue in 2014

By Farmtario Staff January 22, 2015

Increased revenue from Canadian and U.S. grain traffic alike helped boost Canadian Pacific Railway (CP) to a record full-year profit in 2014. Calgary-based CP on Thursday reported net income of $1.476 billion on $6.62 billion for the year ending Dec. 31, up from $875 million on $6.133 billion in 2013. For its fourth quarter, the […] Read more

Crops, Markets

Court tosses CP’s appeal on U.S.-bound grain interswitching

By Dave Bedard January 19, 2015

Confirming that a deal is as good as a fixed asset, a Prairie grain handler gets to keep using a lower-price rail route from Alberta into Montana, now that a Federal Court ruling has shot down an appeal from the railway taking grain down to the border. Writing on Jan. 2, Judge J.D. Denis Pelletier […] Read more

Crops, Machinery

CP to appeal federal fine on September grain handle

By Farmtario Staff January 12, 2015

Citing post-Labour Day pains at the West Coast, Canadian Pacific Railway (CP) plans to appeal a $50,000 federal fine over the company’s Prairie grain handle. Transport Canada said last week it had issued notices of violation and administrative monetary penalties (AMPs) of $50,000 each against CP and Canadian National Railway (CN) for falling short of […] Read more

Crops, Machinery

CN, CP face fines for summer grain handle

By Farmtario Staff January 8, 2015

Both of Canada’s big two railways have been slapped with fines for missing the federal government’s mark this summer on weekly Prairie grain handling. A Transport Canada spokesperson confirmed by email Thursday that Canadian National and Canadian Pacific Railway (CN, CP) have been served notices of violation including administrative monetary penalties (AMPs) of $100,000 and $50,000 […] Read more

Crops, Machinery

Mandatory minimum grain handle extended

By Farmtario Staff November 30, 2014

A new order-in-council will extend the federal government’s mandatory minimum weekly grain handle for Canada’s big two railways through March, just as the previous order expires. Federal Transport Minister Lisa Raitt and Agriculture Minister Gerry Ritz on Saturday announced the mandatory minimums, which expired Saturday, are extended until March 28, 2015. The new order, however, adjusts the […] Read more

Crops, Machinery

Rail engineers, conductors seek mediation with CP

By Farmtario Staff November 25, 2014

With just over a month before their contract expires, rail engineers and conductors represented by the Teamsters Union want a mediator to restart “stalled” bargaining with Canadian Pacific Railway (CP). The Teamsters Canada Rail Conference (TCRC) said Friday it has filed a mediation request with the Federal Mediation and Conciliation Service (FMCS). “The negotiations have […] Read more

Crops, Machinery

Smoother grain flow points to Ottawa lifting rail regulations

By Rod Nickel October 28, 2014

Winnipeg | Reuters — Barring a sudden pile-up of grain across Western Canada in the next five weeks, Ottawa will lift requirements that railways move minimum volumes of crops, Agriculture Minister Gerry Ritz said in an interview. While Ritz says he is not ruling out any options before the rules expire Nov. 29, government data […] Read more

Crops, Machinery

CP CEO says unlikely to pursue hostile bid for CSX

By Allison Martell October 21, 2014

Toronto | Reuters — Canadian Pacific Railway (CP) is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp. failed, though a hostile bid is unlikely, CEO Hunter Harrison said Thursday. CP, Canada’s No. 2 railway with extensive operations in the U.S., said on Monday […] Read more

Crops, Machinery, Markets

Prairie grain revenue up as CP books record Q3 profit

By Farmtario Staff October 21, 2014

An increased grain handle for the three months ending Sept. 30 has helped boost Canadian Pacific Railway (CP) to its highest third-quarter profit ever. Calgary-based CP released its Q3 results Tuesday, reporting record net income of $400 million on record total revenue of $1.67 billion for the quarter, up from $324 million on $1.534 billion […] Read more

Crops, Machinery, Markets

CP, CSX no longer talking merger

By Farmtario Staff October 20, 2014

Canadian Pacific Railway (CP) has shut down last week’s media buzz about any possibility of a merger with the third biggest railway in the U.S. The Wall Street Journal and other media recently reported Calgary-based CP and Jacksonville-based CSX had held “exploratory talks” about combining their operations. [Related story] CP on Monday confirmed it had […] Read more

Tag Archives cp — page 19

CP books record profit, more grain revenue in 2014

Court tosses CP’s appeal on U.S.-bound grain interswitching

CP to appeal federal fine on September grain handle

CN, CP face fines for summer grain handle

Mandatory minimum grain handle extended

Rail engineers, conductors seek mediation with CP

Smoother grain flow points to Ottawa lifting rail regulations

CP CEO says unlikely to pursue hostile bid for CSX

Prairie grain revenue up as CP books record Q3 profit

CP, CSX no longer talking merger

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