CP Archives - Page 14 of 20

CP, CN both top their Prairie grain revenue caps

By Grainews Staff, GFM Network News January 3, 2017

The Western Grains Research Foundation (WGRF) can soon expect a late gift of over $4.4 million in surplus Prairie grain freight revenue, according to a new ruling from the Canadian Transportation Agency. The agency said Dec. 22 it has determined Canadian Pacific Railway (CP) and Canadian National Railway (CN) went over their maximum revenue entitlements […] Read more

Crops, Machinery

CP trims outlook on delayed Prairie harvest

By Grainews Staff, GFM Network News October 19, 2016

Rain delays in this year’s Prairie grain harvest have bit into third-quarter revenues and earnings expectations for Canadian Pacific Railway (CP). The Calgary company on Wednesday booked overall net income of $347 million on revenues of $1.554 billion for its quarter ending Sept. 30. While net income was up seven per cent, total revenues were […] Read more

Crops, Machinery

CP to chart weekly grain handling performance online

By Grainews Staff, GFM Network News October 14, 2016

Canadian Pacific Railway plans to launch a new weekly “supply chain scorecard” next week, to chart its own performance handling Prairie grain. The Calgary company announced the new program Friday for an online launch Wednesday (Oct. 19), noting the scorecard “will include, when necessary, detailed information on any internal or external factors affecting grain movement” as […] Read more

Crops, Reuters

Railways urge Ottawa to loosen grain hauling rules

By Rod Nickel, GFM Network News October 14, 2016

Winnipeg | Reuters — Canada’s big railways are pressing Ottawa to loosen rules around hauling the country’s crops — changes they say would improve efficiency but that farmers fear would weaken their bargaining power. A February report recommended that Ottawa institutes transportation system changes, including phasing out a 16-year-old cap on revenue that Canadian National […] Read more

Crops

Viterra plans new elevator in eastern Saskatchewan

By Grainews Staff, GFM Network News September 17, 2016

Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific Railways (CN, CP), already has a smaller Viterra elevator on each line. The two former Saskatchewan Wheat Pool elevators have capacity for 5,020 and 4,000 […] Read more

Crops

U.S. activist investor Ackman leaves CP board

By Reuters, GFM Network News September 7, 2016

Bill Ackman, the U.S. activist investor who usurped the leadership of Canadian Pacific Railway in 2012, is leaving the Calgary company’s board after his hedge fund sold off its remaining stake last month. Ackman, who heads New York-based Pershing Square Capital Management, joined CP’s board in 2012 and served on its finance and corporate governance […] Read more

Crops, Reuters

Ackman exits CP, freeing up cash for next bet

By GFM Network News August 3, 2016

Boston/Montreal | Reuters — Billionaire U.S. investor William Ackman has exited his hedge fund’s investment in Canadian Pacific Railway, freeing up roughly US$1.5 billion in cash to make other future investments. Pershing Square Capital Management and CP on Wednesday said the New York-based hedge fund had sold its remaining 9.8 million shares in the Canadian […] Read more

Crops, Machinery

CP, Teamsters dispute railway’s staffing obligations

By Grainews Staff, GFM Network News July 5, 2016

Canadian Pacific Railway is refuting claims from one of its employees’ unions that the company is in “violation of the law” over layoffs of track maintenance staff. Calgary-based CP last month announced temporary layoffs effective June 30 affecting about 500 maintenance-of-way crew positions. On Tuesday it cited “business ebbs and flows associated with global markets […] Read more

Crops, Machinery

CP offers assurances for 2016-17 grain handle

By Allan Dawson, GFM Network News June 29, 2016

Canadian Pacific Railway (CP) says it’s ready and willing to move a bumper Prairie crop in 2016-17. “Operationally, CP is eager and prepared to move grain this coming crop year,” company CEO Hunter Harrison said in a letter to federal Transport Minister Marc Garneau. The letter, dated Tuesday, was also circulated to Prairie transportation and […] Read more

Crops, Machinery

CP lays off 500 workers, cites softening demand

By GFM Network News June 29, 2016

CNS Canada — Select maintenance workers at Canadian Pacific Railway will be laid off effective Thursday as the railway’s revenue is expected to plummet in the second quarter. Lower volumes are one reason given for declining profits, though grain movement this crop year is ahead of average. Earlier this month, 500 CP maintenance workers were […] Read more

GFM Network News

U.S. grains: Soybean prices rise as China-U.S. truce assessed

U.S. livestock: Cattle futures post limit-down losses

ICE canola weekly outlook: Market rangebound

Tag Archives CP

CP, CN both top their Prairie grain revenue caps

CP trims outlook on delayed Prairie harvest

CP to chart weekly grain handling performance online

Railways urge Ottawa to loosen grain hauling rules

Viterra plans new elevator in eastern Saskatchewan

U.S. activist investor Ackman leaves CP board

Ackman exits CP, freeing up cash for next bet

CP, Teamsters dispute railway’s staffing obligations

CP offers assurances for 2016-17 grain handle

CP lays off 500 workers, cites softening demand

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