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News Tagged By: Canadian Pacific Railway (CP)

Canadian Pacific to buy back up to 5.3M shares

Canadian Pacific Railway, the country's second-largest railroad, said it would buy back up to 5.3 million shares, or about 3 percent of its total outstanding shares, over the next year.

Posted on 3-11-2014 at 9:00 AM
Tags: Canadian Pacific Railway (CP)

CP chief questions crude by rail safety after rules tightened

Canadian Pacific Railway CEO Hunter Harrison tells BNN new U.S. regulations on transporting oil will do little to increase the safety of shipping crude by rail.

Posted on 2-26-2014 at 6:25 PM
Tags: Canadian Pacific Railway (CP)

CP’s Harrison pushes for big shift in rail safety

The head of Canadian Pacific Railway Ltd. called for an immediate ban of the type of older rail cars that exploded in the Lac-Mégantic disaster and suggested that trains will become more...

Posted on 2-19-2014 at 9:18 AM
Tags: Canadian Pacific Railway (CP)

Canadian Pacific posts record quarterly, annual profit

Canadian Pacific Railway Ltd. posted record quarterly and annual profit on Wednesday as the shakeup launched by CEO Hunter Harrison appears to be paying off.

Posted on 1-29-2014 at 8:00 AM
Tags: Canadian Pacific Railway (CP)

KKR to invest $250M in Torq Energy Logistics

Torq Energy Logistics, an affiliate of privately held Torq Transloading Inc., said on Tuesday that private equity firm KKR & Co has agreed to invest $250 million to fund Torq's capital program...

Posted on 12-24-2013 at 10:31 AM
Tags: Canadian Pacific Railway (CP), Kohlberg Kravis Roberts (KKR)

BNN Newsmaker Of The Year

In a year that saw the continued decline of Blackberry, a surprise announcement from the Bank of Canada and the implosion of Barrick Gold, BNN’s editorial team declared the Lac Megantic tragedy as...

Posted on 12-20-2013 at 1:31 PM
Tags: Lac Mégantic, BlackBerry, Canadian National Railway, Canadian Pacific Railway (CP)

Anatomy of a housing bubble

Amber Kanwar chats with David Watt, Chief Economist at HSBC Canada and Hussein Abu Hassan, CEO of Pioneers Holding to get to the bottom of Canada's housing bubble debate.

Posted on 12-20-2013 at 12:04 PM
Tags: Lac Mégantic, Canadian National Railway, Canadian Pacific Railway (CP), Canadian Tire, Real Estate

Ottawa orders more disclosure on hazardous rail cargoes

Ottawa will require railways to start telling municipalities what goods they have been transporting through their jurisdictions, but the government acknowledged that such data would not have...

Posted on 11-20-2013 at 2:10 PM
Tags: Canadian National Railway, Canadian Pacific Railway (CP), Oil

Train carrying crude oil derails, explodes in Alabama

A 90-car train carrying crude oil derailed and exploded in western Alabama in the early hours of Friday morning, spilling oil and leaving eleven cars burning in the rural area.

Posted on 11-08-2013 at 1:22 PM
Tags: Lac Mégantic, Canadian National Railway, Canadian Pacific Railway (CP), Genesee & Wyoming

Activist investor Ackman unloads $835M CP stake

Pershing Square Capital Management LP has cashed in about a third of its stake in Canadian Pacific Railway Ltd., a year and a half after activist investor Bill Ackman spearheaded a gruelling...

Posted on 10-25-2013 at 9:33 AM
Tags: Canadian Pacific Railway (CP)
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