Railroad News

CP: Holiday Train raised $1.3 million this year

Rail News Home Canadian Pacific 12/28/2022 Rail News: Canadian Pacific
image This year, Canadian Pacific collected 121,000 pounds of food and CA$1.3 million for local food banks. Photo – cpr.ca

The Canadian Pacific Holiday Train raised CA$1.3 million and collected 121,000 pounds of food for local food banks.

Since the program's inaugural start in 1999, the Holiday Train has raised more than CA$22.4 million and collected 5.15 million pounds of food, CP officials said in a press release. The train returned to the rails this year after going on hiatus in 2020 and 2021 because of the pandemic.

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CP honors three grain elevators' efforts during past crop year

Rail News Home Canadian Pacific 11/10/2022 Rail News: Canadian Pacific
image G3’s elevator in Carmangay, Alberta, received special recognition for handling significant amounts of inbound corn. Photo – G3 Canada Ltd.

Canadian Pacific yesterday announced Paterson Flagstaff, G3 Carmangay and Elbow Lake Co-op Grain as the winners of its Elevator of the Year Award for the 2021-22 crop year.

CP presents the award annually to grain elevators that achieve high volumes from a single loading point while consistently demonstrating efficient rail-car loading and a strong commitment to safety.

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October grain volume: New monthly record in the books for CP

Rail News Home Canadian Pacific 11/8/2022 Rail News: Canadian Pacific
image In October, Canadian Pacific moved 3.14 million metric tons (MMT) of grain, breaking its all-time monthly grain volume record set in October 2020 by more than 100,000 metric tons. Through the first 13 weeks of the 2022-23 crop year, the Class I has transported more than 6.9 MMT of grain and grain products. That significant current volume exceeds the supply commitments outlined in CP’s annual grain plan, said Joan Hardy, the railroad’s vice president of sales and marketing-grain and fertilizers, in a press release. “It is critical that all supply-chain participants, including customer loading facilities and terminal operators loading grain into vessels at ports, operate at full capacity to sustain this strong momentum,” she said. “We saw that demonstrated in October, particularly with the unloading success of terminals on Vancouver’s South Shore.” This year, CP is completing a $500 million investment to acquire 5,900 new high-capacity grain hoppers. Including leased hoppers, the Class I expects more than 7,300 new high-capacity hoppers to be in active service by 2022’s end, enabling the railroad to move more grain in each train via its 8,500-foot High-Efficiency Product operating model. “Transporting record volumes of grain would not be possible without the significant investment that has been made by our customers in new and upgraded grain-handling capacity, and the investment made by CP in infrastructure and high-capacity hopper cars,” said Hardy.

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CP posts 'solid' Q3 financial results

Rail News Home Canadian Pacific 10/27/2022 Rail News: Canadian Pacific
image CP's operating ratio (OR) improved to 59.5% from 60.2% compared to the same period last year. Photo – cpr.ca

Canadian Pacific reported "solid" third-quarter 2022 results, including revenue of CA$2.31 billion, diluted earnings per share (EPS) of 96 cents and an adjusted diluted EPS of $1.01, company officials announced yesterday. 

CP's operating ratio (OR) improved to 59.5% from 60.2% compared to the same period last year. The Class I also reported an adjusted OR of 58.7%, up from 59.4%.

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CP honors 59 customers with 'Safe Shipper Award'

Rail News Home Canadian Pacific 10/26/2022 Rail News: Canadian Pacific
image Canadian Pacific this week recognized 59 shippers with its 2021 Safe Shipper Award. The award recognizes the railroad's customers that transported at least 500 carloads of hazardous materials with zero non-accidental release incidents, CP officials said in a press release. "Safety is foundational to everything we do at CP. We are proud to collaborate with all participants in the supply chain that are working every day to prevent releases and safeguard the communities where we all live and work," said VP Sales and Marketing Coby Bullard. "These companies share our commitment to the safe transportation of essential products on our rail network." To view the full list of award winners, click here.

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