CALGARY, Alberta — Canadian Pacific 4-6-4 No. 2816 is making a one-time-only return to steam to pull a “virtual” edition of Canadian Pacific’s Holiday Train, returning to operation after nearly a decade of dormancy. The locomotive will pull the train later this month in the yard at Calgary and will not operate on the main line. […]
CALGARY, Alberta — Canadian Pacific is deploying a new homegrown system that can detect broken rails in dark territory at a fraction of the cost of installing centralized traffic control. The system, which is being installed initially on the North Line in Alberta and Saskatchewan, will make the railway safer and more efficient, CEO Keith […]
CALGARY, Alberta — Canadian Pacific’s earnings slumped in the third quarter due to pandemic-related volume declines, but the railway boosted its outlook for the year and expects to set a fourth-quarter operating ratio record as traffic growth accelerates. CP on Tuesday morning reported its operating income decreased 10%, to $779 million, as revenue fell 6%, to […]
PITTSBURGH, Pa. — The opportunity to gain carload traffic was the main reason Canadian Pacific acquired 481-mile regional railway Central Maine & Quebec, which was once a part of the railway’s historic shortcut from Montreal to the Atlantic at Saint John, New Brunswick. The CMQ — which links the Montreal area with Irving-owned short lines […]
CALGARY, Alberta – Canadian Pacific reaffirmed its commitment to grow traffic at the Port of Saint John and stimulate economic growth and investment in New Brunswick at a meeting with Premier Blaine Higgs on Thursday. With its purchase of the Central Maine & Quebec Railway, CP makes its return to Atlantic Canada with an exceptional […]
CALGARY, Alberta – Canadian Pacific has hauled more Canadian grain and grain products in the 2019-2020 crop production year than any in its 139-year history. In total, CP moved 29.52 million metric tonnes this crop year, exceeding 2019’s record of 26.77 MMT by 10 percent. “The world depends on Canadian farmers for food and we […]
CALGARY, Alberta — Canadian Pacific is single-tracking and adding centralized traffic control to its main line between Smiths Falls, Ontario, and the Montreal area. The two-year project includes removing 60 miles of double track on the 104.9-mile Winchester Subdivision. “CP is continuously looking for opportunities to improve its track infrastructure,” spokesman Andy Cummings says. “During […]
Canadian Pacific’s earnings presentation included a photo of this sign Ontario residents placed along the railway’s right of way during the pandemic. Canadian Pacific CALGARY, Alberta — Strong traffic growth propelled Canadian Pacific to record revenue and its lowest first-quarter operating ratio ever. But CP lowered its outlook for the year due to the economic […]
An empty Canadian Pacific oil train arrives at Bensenville Yard in suburban Chicago on March 8, 2020. CP could see crude by rail traffic drop to zero in light of the crash in oil prices. TRAINS: David Lassen CALGARY, Alberta — Canadian Pacific is bracing for the possibility that crude by rail volumes could drop to […]
CALGARY, Alberta – Canadian Pacific CEO Keith Creel sought to reassure investors that the railway is well positioned to weather the economic downturn related to the coronavirus epidemic despite an anticipated decline in traffic and revenue. “This company is weathering the storm, and weathering the storm quite well,” Creel said during an investor call on […]
A Canadian Pacific stack train, with a few auto racks tacked onto the front end, passes through Wauwatosa, Wis., on Jan. 28, 2020. CP reported record results in its quarterly earnings call Wednesday. TRAINS: David Lassen Canadian Pacific CEO Keith Creel TRAINS: David Lassen CALGARY, Alberta – Canadian Pacific, the lone Class I railroad to […]
Keith Creel, Canadian Pacific CEO Canadian Pacific CALGARY, Alberta — Canadian Pacific CEO Keith Creel is excited about his railway’s return to Eastern Canada with its $130 million acquisition of the 481-mile Central Maine & Quebec Railway. CP sold off its routes east of Montreal, including what became the CM&Q and J.D. Irving short lines […]
