canadian pacific Archives - Page 4 of 7

CP’s third-quarter grain handle down

By Canadian Cattlemen Staff October 17, 2017

“Volume momentum” in its third quarter has Canadian Pacific Railway looking forward to a rosier year-end ledger, though its grain traffic for the quarter dragged on that momentum. Calgary-based CP on Tuesday reported net income of $510 million on $1.595 billion in revenues for the third quarter ending Sept. 30, up from $347 million on […] Read more

Crops, Machinery

Grain revenue, grain handle higher in CP’s Q1

By Canadian Cattlemen Staff April 20, 2017

Increased grain and potash traffic and revenue helped Canadian Pacific Railway book a shift to “positive volumes” in its first-quarter ledger. Calgary-based CP on Wednesday reported net income of $431 million on revenues of $1.603 billion for its quarter ending March 31, down from $540 million on $1.591 billion in the year-earlier period. “We turned […] Read more

Crops, Reuters

Activist investor activity reignites rail merger hopes

By Michael Flaherty January 20, 2017

Reuters — Shares of railway operator CSX Corp. soared 20 per cent on Thursday after an activist investor’s plan to shake up the U.S. rail operator fueled speculation that the company was once again a takeover target. Investors rushed to bid up shares of CSX after news reports that former Pershing Square partner Paul Hilal […] Read more

Crops, Machinery

CP’s revenue, Prairie grain handle down for year

By Canadian Cattlemen Staff January 19, 2017

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 […] Read more

Crops, Machinery

CP, CN both top their Prairie grain revenue caps

By Canadian Cattlemen 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 […] Read more

Crops, Machinery

Farmer interest sought in Saskatchewan commodity hub

By Canadian Cattlemen Staff November 29, 2016

A group in southeastern Saskatchewan is gauging farmer support for a proposed new “commodity hub” project that would handle grain and transloading of commodities such as crude oil and fertilizer. An organization dubbed Comtrax Logistics Solutions proposes a $50 million to $75 million project somewhere on Canadian Pacific Railway’s Soo Line, “most likely” in the […] Read more

Crops, Machinery

CP trims outlook on delayed Prairie harvest

By Canadian Cattlemen 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 […] Read more

Crops, Reuters

Ackman exits CP, freeing up cash for next bet

By Allison Lampert, Svea Herbst-Bayliss 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 […] Read more

Crops, Machinery

CP offers assurances for 2016-17 grain handle

By Allan Dawson June 29, 2016

Canadian Pacific Railway (CP) says it’s ready and willing to move a bumper Prairie crop in 2016-17. “Operationally, CP is eager and prepared to move grain this coming crop year,” company CEO Hunter Harrison said in a letter to federal Transport Minister Marc Garneau. The letter, dated Tuesday, was also circulated to Prairie transportation and […] Read more

Crops, Machinery

CP pulls more grain for less in first quarter

By Canadian Cattlemen Staff April 22, 2016

Canadian Pacific Railway (CP) hauled more carloads of Canadian grain in its first quarter of 2016 compared to the same period last year — but for less revenue per car. Calgary-based CP on Wednesday reported overall net income of $540 million on revenues of $1.591 billion for its quarter ending March 31, up from $320 […] Read more

U.S. grains: Soybeans pressured by lack of Chinese demand; corn rises on export sales

U.S. livestock: Cattle futures sink on technical selling

Precision ag, right to repair policies priority for Association of Equipment Manufacturers

Daily Network News

U.S. grains: Soybeans pressured by lack of Chinese demand; corn rises on export sales

U.S. livestock: Cattle futures sink on technical selling

Precision ag, right to repair policies priority for Association of Equipment Manufacturers

Tag Archives canadian pacific

CP’s third-quarter grain handle down

Grain revenue, grain handle higher in CP’s Q1

Activist investor activity reignites rail merger hopes

CP’s revenue, Prairie grain handle down for year

CP, CN both top their Prairie grain revenue caps

Farmer interest sought in Saskatchewan commodity hub

CP trims outlook on delayed Prairie harvest

Ackman exits CP, freeing up cash for next bet

CP offers assurances for 2016-17 grain handle

CP pulls more grain for less in first quarter

Canadian Cattlemen Presents: Depth of Field

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