Railroad News

Canadian Pacific posts record Q3

Canadian Pacific yesterday reported third-quarter net income of CA$622 million and revenue of CA$1.9 billion, up from net income of CA$510 million and revenue of CA$1.6 billion in the same period a year ago.

This year's third-quarter revenue marked the company's highest revenue ever for any quarter, according to a CP press release.

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Canadian Pacific announces 2018 Holiday Train tour

Canadian Pacific has released the Canadian and U.S. schedules for its 2018 Holiday Train.

Beginning Nov. 25 and 27, two CP trains — decorated with thousands of colorful, glittering lights — will leave Montreal to visit 164 communities along CP's network.

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CP reports preliminary Q3 results, updates 2018 guidance

Canadian Pacific today reported preliminary third-quarter results, updated its 2018 guidance and unveiled the next phase of its long-term strategy for driving sustainable, profitable growth.

Third-quarter revenue is expected to increase by 10 percent to a record high of CA$1.9 billion. Reported diluted earnings per share (EPS) are expected to be about CA$4.35, while adjusted diluted EPS are expected to be about CA$4.10 — the highest in company history, CP officials said in a press release.

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Canadian Pacific names Monser to board

Rail News Home Canadian Pacific 9/26/2018 Rail News: Canadian Pacific
image Edward Monser will join CP's board on Dec. 17.Photo – emerson.com

Canadian Pacific announced yesterday that Edward Monser has been appointed to its board of directors effective Dec. 17.

Monser will retire Oct. 1 as president of global technology and engineering company Emerson, where he began his engineering career in 1981. He also has served as the company's executive vice president and chief operating officer.

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CP, Canadian government discuss rail plans for 2018 grain crop

Canadian Pacific, in collaboration with its customers and supply chain, is prepared to move this year's Canadian grain crop, the Class I told federal officials yesterday during a roundtable discussion on grain transportation.

Minister of Transport Marc Garneau and Minister of Agriculture Lawrence MacAulay hosted the discussion in Saskatoon, Saskatchewan, with grain producers, shippers and railroads to share information stemming from the Transportation Modernization Act, which became law in May.

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