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 […] Read more
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CP books record profit, more grain revenue in 2014
Court tosses CP’s appeal on U.S.-bound grain interswitching
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 […] Read more
CP to appeal federal fine on September grain handle
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 […] Read more
CN, CP face fines for summer grain handle
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 […] Read more
Mandatory minimum grain handle extended
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 […] Read more
Rail engineers, conductors seek mediation with CP
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). […] Read more
Smoother grain flow points to Ottawa lifting rail regulations
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 […] Read more
CP CEO says unlikely to pursue hostile bid for CSX
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, […] Read more
Prairie grain revenue up as CP books record Q3 profit
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 […] Read more
CP, CSX no longer talking merger
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 […] Read more