CALGARY — Canadian Pacific has joined the Blockchain in Transportation Alliance, which seeks to establish blockchain standards for interoperability in the global supply chain. Blockchain uses cryptography to create secure movement of shipping messages, documents and other data, and to ensure transactions are secure, authenticated, and verifiable. “We are excited to be on this journey,” […]
CALGARY, Alberta — Canadian Pacific reported record quarterly earnings and revenue today as the railway carried record volumes and led the industry in traffic growth. CP’s operating income jumped 31%, to $822 million, as revenue surged 13%, to nearly $2 billion. CP reported earnings per share, adjusted for one-time items, of $4.36, a 36% increase […]
‘Selkirk’ rests beneath the Calgary skyline. Canadian Pacific CALGARY, Alberta – Canadian Pacific dome car Selkirk entered service with the railroads Heritage Fleet this summer after an extensive rebuilding. The ex-Southern Pacific dome was rebuilt in the former locomotive shop at Ogden Yard in Calgary under the supervision of Kevin Hrysak, senior manager of heritage […]
Canadian Pacific was the clear winner in second quarter traffic growth among the big six Class I railroad systems. CP carried 6% more carloads in the quarter, led by double-digit gains in its potash, forest products, and energy, chemicals and plastics business segments. The only CP traffic segments not to grow were coal, which was […]
CALGARY, Alberta — For the second year in a row, Canadian Pacific has pulled an international intermodal contract away from rival Canadian National. CP today announced that it would begin hauling Yang Ming Marine Transport’s containers at the Port of Vancouver, British Columbia, effective Jan. 1, 2020. The contract with the Taiwan-based steamship line […]
CP CEO Keith Creel Canadian Pacific BOSTON — Shippers will eventually rally behind Precision Scheduled Railroading, Canadian Pacific CEO Keith Creel says, which could one day lead to a merger of two like-minded Class I systems. “Right now there’s pushback with PSR because customers don’t understand it. Change is always scary. Some railroads have done […]
CP train No. 473 heads south through downtown Davenport along the newly raised main line. The swollen Mississippi River lies behind, its traditional bank is beyond the tree line above the train. Chris Guss DAVENPORT, Iowa – Canadian Pacific has reopened its main line through Davenport this week after being closed for almost a week […]
Canadian Pacific’s twin Spiral Tunnels near Field, B.C., opened in 1909, reducing the grade to a maximum of 2.2 percent, compared with 4.4 percent before their opening. Canadian Pacific CALGARY, Alberta – Canadian Pacific President and CEO Keith Creel says the railroad is considering building a new siding on the Lagan Subdivision where trains can […]
WASHINGTON – Canadian Pacific has asked federal regulators to intervene in an interchange dispute with Canadian National, which wants to shift where the railroads exchange traffic in Chicago. CN aims to move the interchange from Spaulding in Bartlett, Ill., not far from CP’s Bensenville Yard, to CN’s Kirk Yard in Gary, Ind., effective May 10. […]
CALGARY, Alberta — Canadian Pacific’s first quarter earnings were negatively affected by harsh winter weather and derailments that curtailed volume and increased the railway’s expenses. CEO Keith Creel began the railway’s earnings call on Tuesday by remembering the three railroaders killed in the Feb. 4 derailment of a runaway grain train between the Spiral Tunnels […]
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A northbound Canadian Pacific empty ethanol train passes through floodwaters of the Mississippi River in Davenport, Iowa, on Saturday, March 23, 2019. Steve Smedley DAVENPORT, Iowa — Canadian Pacific’s former Milwaukee Road lines in the Midwest have suffered damage from recent flooding. In Davenport on CP’s Davenport subdivision, floodwaters from the Mississippi River are over […]
