Articles tagged under: Canadian Pacific Railway
Freight Rate Differences
Published April 2, 2024
A decision by Canadian Pacific Railway is impacting shippers moving grain to the Pacific Northwest, including Full Circle Ag at Forman, North Dakota. Grain Division Manager Justin Ostby said CP will not match the BNSF freight prices at neighboring elevators.…STB Approves CP-KCS
Published March 16, 2023
The Surface Transportation Board approval of the Canadian Pacific Railway and Kansas City Southern Railway merger takes effect April 14. As part of the STB decision, the new entity must keep access to other Class I railroads available and submit…A Banner Year for CP
Published October 31, 2022
In the third quarter, Canadian Pacific Railway revenues rose nearly 20 percent. CP reached an all-time record for moving grain cars this fall, hitting 6,900 grain cars weekly on two separate occasions. "When it is all said and done, we've…CP Income Declines
Published July 29, 2022
Canadian Pacific Railway reports net second quarter income of $765 million, a decline of nearly 40 percent from one year ago. Costs associated with the planned acquisition of Kansas City Southern and high fuel costs negatively impacted revenues.CP Releases 1Q Financials
Published April 28, 2022
First quarter revenues for Canadian Pacific Railway totaled nearly $1.8 billion, down six percent from one year ago. CP President and CEO Keith Creel said the quarterly financials were influenced by last year’s drought and the impact on grain volumes,…Rail Service Will Be Reviewed at STB Hearing
Published April 22, 2022
On Tuesday and Wednesday, the Surface Transportation Board will take testimony on rail carrier service problems. In late March, the National Grain and Feed Association sent a letter to the STB saying its members have not been able to purchase…CP Rail Traffic Resumes
Published March 23, 2022
Canadian Pacific Railway and its union have entered into binding arbitration, effectively ending the strike. This deal allowed CP to resume the movement of grain, fertilizer and other commodities.Canadian Pacific Railroad Locks Out Workers
Published March 21, 2022
Canadian Pacific Railroad locked out workers early Sunday halting operations over a labor dispute. Canada’s Minister of Labor says the railroad and Teamsters Union continue talks with federal mediators at resolving the labor dispute. This lockout is expected to cause…Potential Canadian Rail Strike
Published March 15, 2022
Thousands of workers at Canadian Pacific Railway are threatening to strike this week, potentially disrupting the movement of grain, potash and coal at a time where supply chains are slow. More than 3,000 members at the Teamsters Canada Rail Conference…