CP Archives - Page 14 of 22 - Manitoba Co-operator

CP’s revenue, Prairie grain handle down for year

A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what’s turned out to be CEO Hunter Harrison’s last year on the job. Calgary-based CP on Wednesday announced full-year net income of $1.599 billion on $6.232 billion in gross revenues, up from $1.352 billion on $6.552

Crops

CP, CN both top their Prairie grain revenue caps

By GFM Network News, Manitoba Co-operator Staff January 3, 2017

The Western Grains Research Foundation (WGRF) can soon expect a late gift of over $4.4 million in surplus Prairie grain freight revenue, according to a new ruling from the Canadian Transportation Agency. The agency said Dec. 22 it has determined Canadian Pacific Railway (CP) and Canadian National Railway (CN) went over their maximum revenue entitlements

Crops

CP trims outlook on delayed Prairie harvest

By GFM Network News, Manitoba Co-operator Staff October 19, 2016

Rain delays in this year’s Prairie grain harvest have bit into third-quarter revenues and earnings expectations for Canadian Pacific Railway (CP). The Calgary company on Wednesday booked overall net income of $347 million on revenues of $1.554 billion for its quarter ending Sept. 30. While net income was up seven per cent, total revenues were

Crops

CP to chart weekly grain handling performance online

By GFM Network News, Manitoba Co-operator Staff October 14, 2016

Canadian Pacific Railway plans to launch a new weekly “supply chain scorecard” next week, to chart its own performance handling Prairie grain. The Calgary company announced the new program Friday for an online launch Wednesday (Oct. 19), noting the scorecard “will include, when necessary, detailed information on any internal or external factors affecting grain movement” as

Crops

Railways urge Ottawa to loosen grain hauling rules

By GFM Network News, Rod Nickel October 14, 2016

Winnipeg | Reuters — Canada’s big railways are pressing Ottawa to loosen rules around hauling the country’s crops — changes they say would improve efficiency but that farmers fear would weaken their bargaining power. A February report recommended that Ottawa institutes transportation system changes, including phasing out a 16-year-old cap on revenue that Canadian National

Crops

Viterra plans new elevator in eastern Saskatchewan

By GFM Network News, Manitoba Co-operator Staff September 17, 2016

Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific Railways (CN, CP), already has a smaller Viterra elevator on each line. The two former Saskatchewan Wheat Pool elevators have capacity for 5,020 and 4,000

Crops

U.S. activist investor Ackman leaves CP board

By GFM Network News, Reuters September 7, 2016

Bill Ackman, the U.S. activist investor who usurped the leadership of Canadian Pacific Railway in 2012, is leaving the Calgary company’s board after his hedge fund sold off its remaining stake last month. Ackman, who heads New York-based Pershing Square Capital Management, joined CP’s board in 2012 and served on its finance and corporate governance

While railway executives say there’s now capacity to deal with a big crop,  the grain industry is a bit more skeptical.

Crops

Railways asking grain industry to all pull together

To move the coming big crop efficiently will require better  co-operation throughout the supply chain, say railway execs 

By Alex Binkley August 31, 2016

With memories of the grain-handling chaos of 2014 still fresh and another large Prairie crop looming, the railways are calling for greater collaboration in moving this year’s harvest. “To ensure success during this crop year, the broader supply chain must work together to collectively harness our energy so that the entire Canadian economy can reap

Crops

Ackman exits CP, freeing up cash for next bet

By Allison Lampert, GFM Network News August 3, 2016

Boston/Montreal | Reuters — Billionaire U.S. investor William Ackman has exited his hedge fund’s investment in Canadian Pacific Railway, freeing up roughly US$1.5 billion in cash to make other future investments. Pershing Square Capital Management and CP on Wednesday said the New York-based hedge fund had sold its remaining 9.8 million shares in the Canadian

Cereals, News

CTA president says regulatory agency open for business

The agency is beefing up its informal mediation service that’s less costly and time-consuming  than the quasi-judicial adjudication process

By Allan Dawson July 19, 2016

Scott Streiner is a name railway executives instantly recognize, but not most farmers… yet. That will change as the relatively new president and CEO of the Canadian Transportation Agency (CTA) continues to reach out to Canada’s agricultural sector, as he did on July 7 at the Pulse and Special Crops Convention. “The agency is here to

Daily Network News

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Tag Archives CP

CP’s revenue, Prairie grain handle down for year

CP, CN both top their Prairie grain revenue caps

CP trims outlook on delayed Prairie harvest

CP to chart weekly grain handling performance online

Railways urge Ottawa to loosen grain hauling rules

Viterra plans new elevator in eastern Saskatchewan

U.S. activist investor Ackman leaves CP board

Railways asking grain industry to all pull together

Ackman exits CP, freeing up cash for next bet

CTA president says regulatory agency open for business

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