Toronto | Reuters — Canadian Pacific Railway is unlikely to be involved in the consolidation of the North American industry in the short term, CEO Hunter Harrison said on Monday. Canada’s No. 2 railway, which also has operations in the U.S., discussed a deal with CSX Corp. last year but could not reach an agreement. […] Read more
Rail consolidation unlikely to involve CP for now: CEO
CP engineers, conductors halt strike
Canadian Pacific Railway (CP) and its unionized conductors, engineers, trainmen and yardmen agreed Monday to binding arbitration in their contract talks, ending a strike the day after it began. The end of the strike, which began Sunday just after midnight, comes under the threat of federal back-to-work legislation, which was due to be tabled Monday […] Read more
CP books record profit, more grain revenue in 2014
Increased revenue from Canadian and U.S. grain traffic alike helped boost Canadian Pacific Railway (CP) to a record full-year profit in 2014. Calgary-based CP on Thursday reported net income of $1.476 billion on $6.62 billion for the year ending Dec. 31, up from $875 million on $6.133 billion in 2013. For its fourth quarter, the […] Read more
Rail engineers, conductors seek mediation with CP
With just over a month before their contract expires, rail engineers and conductors represented by the Teamsters Union want a mediator to restart “stalled” bargaining with Canadian Pacific Railway (CP). The Teamsters Canada Rail Conference (TCRC) said Friday it has filed a mediation request with the Federal Mediation and Conciliation Service (FMCS). “The negotiations have […] Read more
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