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Canadian Pacific Railway Ltd

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  • OTTAWA, June 22- Canadian Pacific Railway Ltd said on Monday it is cooperating with a new federal safety investigation, after a media report raised allegations that it failed to apply adequate brakes when parking a train carrying flammable oil on a mountain slope in British Columbia. The Canadian Broadcasting Corporation reported that the department's...

  • OTTAWA, June 22- Canadian Pacific Railway Ltd said on Monday that it is cooperating with a new federal safety investigation, following allegations raised in a media report that it parked a train carrying dangerous goods on a mountain slope in the western Canadian province of British Columbia, without applying adequate brakes. The department's search warrant...

  • OTTAWA, June 19- The fiery January 2014 derailment of a Canadian National Railway Co crude oil train in New Brunswick was caused by an undetected flaw that broke a wheel, the Transportation Safety Board of Canada said on Friday. The accident at Plaster Rock in the Canadian Atlantic province was one of a series of tanker train disasters that have increased...

  • SHERBROOKE, Quebec, June 17- A Quebec judge reserved his decision on Wednesday on whether to grant a motion that would clear the way for a settlement between victims of the 2013 Lac-Megantic oil train disaster and dozens of companies and individuals linked to the crash that killed 47 people. Patrice Benoit, the lawyer representing the defunct railway at the...

  • Canada has promised to "harmonize" its regulations with the United States. The decision has angered the North American rail industry, but Transportation Secretary Anthony Foxx said his department believes it will stand up to any legal challenge. The Association of American Railroads, which has lawyers studying the rule, slammed the government for basing its...

  • TORONTO, April 21- Shareholder activism is "long overdue" at some major U.S. railways, Canadian Pacific Railway Ltd Chief Executive Hunter Harrison said in an interview on Tuesday, after several U.S. competitors reported disappointing financial results. CP Rail, Canada's second-biggest railway, which also has a substantial presence in the United States,...

  • TORONTO, April 21- Shareholder activism is "long overdue" at some major U.S. railways, Canadian Pacific Railway Ltd Chief Executive Hunter Harrison said in an interview on Tuesday after several U.S. competitors reported disappointing financial results. Asked whether activist shareholders might put pressure on some major U.S. railways to consider putting...

  • TORONTO, April 20- Canadian National Railway Co posted higher first-quarter earnings on Monday, topping analysts' expectations, and said it would boost capital spending to improve safety as volume rises. Net income rose to C $704 million, or 86 Canadian cents a share, from C $623 million, or 75 Canadian cents, a year earlier. Canada's biggest railway raised its...

  • OTTAWA, March 25- Three Canadian National Railway Co derailments in the same area in three weeks, two of them involving oil trains, cannot be explained away as a fluke of nature, Canada's transport minister said Wednesday, adding she is satisfied for now with steps CN has taken to prevent another accident. CN Rail oil trains came off the tracks and caught fire near...

  • OTTAWA, March 25- The Canadian government will not, for now, start telling railways where to ship farmers' grain but it will decide within days whether to extend its requirements on how much grain they must haul, Transport Minister Lisa Raitt said on Wednesday. In an interview in her parliamentary office, Raitt said farmers and shippers have questioned whether the...

  • OTTAWA, March 25- Three Canadian National Railway Co derailments in the same area in three weeks are a significant problem and cannot be explained away as a fluke of nature, Canadian Transport Minister Lisa Raitt said in an interview on Wednesday. CN Rail oil trains came off the tracks and caught fire near the small northern Ontario town of Gogama on both Feb. 14 and...

  • TORONTO, March 23- Canadian National Railway's safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a Reuters analysis has found. Canada's Transportation Safety Board said on Tuesday that track failure may have played a role in CN's...

  • March 12- Canadian Pacific Railway Ltd and Canadian National Railway Co have such huge market power that they cannot be allowed to dictate how Canada's grain shipment backlog is cleared, Prime Minister Stephen Harper said on Thursday. Harper said in an appearance in Saskatchewan that the grain backlog was not nearly as bad as it was a year ago in the wake of the...

  • March 12- Canadian Pacific Railway Ltd and Canadian National Railway Co have such huge market power that they cannot be allowed to dictate how well Canada's grain shipment backlog is cleared, Prime Minister Stephen Harper said on Thursday.

  • OTTAWA, March 11- Canada proposed tough new oil tank car standards on Wednesday and said even improved tank cars coming into service now would have to be off the rails by 2025 at the latest. The announcement comes after a rash of fiery derailments in Canada and the United States, including some that involved the newer, improved rail cars, and as more oil increasingly...

  • CALGARY, Alberta, March 5- Canadian crude-by-rail exports dipped in the fourth quarter from the previous three-month period, National Energy Board data showed on Thursday, as poor netbacks deterred some shippers from loading barrels onto trains bound for U.S. markets. "The differentials have come in quite a bit so they just have not been covering the railing...

  • TORONTO, March 2- Canadian Pacific Railway Ltd is unlikely to be involved in the consolidation of the North American industry in the short term, Chief Executive Hunter Harrison said on Monday. Canada's No. 2 railway, which also has operations in the United States, discussed a deal with CSX Corp last year but could not reach an agreement. But Norfolk Southern said in...

  • TORONTO, March 2- Canadian Pacific Railway Ltd is unlikely to be involved anytime soon in the consolidation of the industry in North America, Chief Executive Hunter Harrison said on Monday. "It's going to happen, but it's not going to involve us, not any time soon," he told reporters after a speech in Toronto. "Nobody wants to do a deal."

  • TORONTO, Feb 23- Canadian National Railway Co and the union representing 4,800 of its mechanical, clerical and trucking staff will resume contract talks on Monday, just hours before a deadline set by Canada's No. 1 railway to lock out the workers. CN Rail operates freight and some passenger trains on tracks across Canada and the United States.

  • West Coast paralysis: Some winners...sort of Friday, 20 Feb 2015 | 11:06 AM ET
    A container ship sits docked in a berth at the Port of Oakland, Feb. 17, 2015, in Oakland, Calif.

    There are plenty of losers in the West Coast port labor fight. Are there winners? Kind of...