Railroad News

Rail News Home Canadian Pacific 2/25/2021 Rail News: Canadian Pacific
Canadian Pacific will invest CA$1.5 million into heart disease research in Canada over the next three years, the Heart and Stroke Foundation announced this week. Prior to this latest donation, the Class I — through its community program CP Has Heart — has invested close to CA$5 million in heart and stroke research, foundation officials said in a press release. "CP has demonstrated a clear recognition of the value of supporting research in promoting health, saving lives and enhancing recovery for the millions of people in our country who are living with or at risk for heart disease," said Doug Roth, chief executive officer the foundation. Every nine minutes, someone in Canada dies from heart conditions. Not only have heart disease and stroke persisted during the pandemic, but it's been learned that COVID-19 can damage previously healthy hearts and have serious impacts on the brain, foundation officials said.

Rail News Home Canadian Pacific 2/25/2021 Rail News: Canadian Pacific
Canadian Pacific will invest CA$1.5 million into heart disease and stroke research in Canada over the next three years, the Heart and Stroke Foundation announced this week. Prior to this latest donation, the Class I — through its community program CP Has Heart — has invested close to CA$5 million in heart and stroke research, foundation officials said in a press release. "CP has demonstrated a clear recognition of the value of supporting research in promoting health, saving lives and enhancing recovery for the millions of people in our country who are living with or at risk for heart disease," said Doug Roth, chief executive officer the foundation. Every nine minutes, someone in Canada dies from heart conditions. Not only have heart disease and stroke persisted during the pandemic, but it's been learned that COVID-19 can damage previously healthy hearts and have serious impacts on the brain, foundation officials said.

Rail News Home Canadian Pacific 2/9/2021 Rail News: Canadian Pacific
CP has shipped 16 MMT of Canadian grain and grain products in the 2020-2021 crop year.Photo – cpr.ca

Canadian Pacific moved 2.22 million metric tons (MMT) of Canadian grain and grain products in January, which exceeded the previous January record set in 2020 by 6%, the Class I reported yesterday.

CP has shipped 16 MMT of Canadian grain and grain products in the 2020-2021 crop year, exceeding the amount shipped at the same time in the 2019-2020 crop year by more than 13%, CP officials said in a press release.

Rail News Home Canadian Pacific 1/28/2021 Rail News: Canadian Pacific
The railroad's OR of 53.9%, down from 57% in Q4 2019, reached a record low.Photo – cpr.ca

Canadian Pacific yesterday reported higher fourth-quarter 2020 profit on lower revenue compared with Q4 2019, as well as a record operating ratio (OR).

The Class I posted Q4 net income of CA$802 million compared with CA$664 million in Q4 2019. Diluted earnings per share (EPS) jumped 23% to $5.95 from $4.82, while adjusted diluted EPS rose 6% to $5.06 from $4.77.

Rail News Home Canadian Pacific 12/23/2020 Rail News: Canadian Pacific
Canadian Pacific announced yesterday it has completed its acquisition of an 83.5% stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the benefit pension plan for Ontario municipal employees. CP previously owned a 16.5% stake in the tunnel. The purchase price for the remaining stake is $312 million, subject to closing adjustments, CP officials said in a press release. The Class I announced in October that it would acquire full ownership of the 1.6-mile tunnel, which links Windsor, Ontario and Detroit. The acquisition will reduce the railroad's operating costs related to traffic movements through the tunnel, CP officials have said. OMERS first invested in the Detroit River Tunnel partnership in 2001.