Canadian Pacific – Page 11

AAR: Rail Freight Traffic Down During Holiday Week

December 31, 2008 Railfanning.org News Wire

WASHINGTON — Freight traffic on U.S. railroads was down during the holiday week ended December 27 in comparison with the corresponding holiday week last year the Association of American Railroads (AAR) reported today. Total volume was estimated at 21.4 billion ton-miles, down 20.1 percent from the same week last year. Intermodal volume totaled 124,061 trailers or containers, down 21.8 percent from last year, with container volume down 21.5 percent and trailer volume down 23.2 percent. Carload freight, which doesn’t include the intermodal data, totaled 200,365 cars for the week, down 21.7 percent from last year. Loadings were down 26.5 percent

Canadian Pacific to Review Federal Court Grain Hopper Car Maintenance Decision

December 2, 2008 Railfanning.org News Wire

CALGARY — Canadian Pacific recently said it responded to the recent decision by the Federal Court of Appeal dismissing the appeal filed by CP regarding the adjustment to the maximum revenue entitlement under the Canada Transportation Act. CP said it will review the court’s decision and available legal recourse. The court upheld the retroactive adjustment made by the CTA on February 19 resulting in a decrease of $23M in what CP was entitled to earn for the movement of grain for a portion of the 2007/2008 crop year. CP said it will review its products and pricing as it relates

CP Holiday Train Begins Journey Across Seven States for Food Pantries

November 28, 2008 Railfanning.org News Wire

ROUSES POINT, N.Y. — On the eve of thanksgiving, the residents of Rouses Point had much to be thankful as Canadian Pacific held its first 2008 Holiday Train event in the U.S. The Holiday Train will eventually make its way to Carpio, N.D., on Dec. 15, raising food, money and awareness for food pantries along the way. In all, thousands of people in more than 50 communities in New York, Pennsylvania, Illinois, Iowa, Minnesota, Wisconsin and North Dakota will experience the Holiday Train’s important mission in the fight against hunger. At the same time, a second identically-decorated Holiday Train will

Poll: Safety Concerns Drive Seven in Ten Rochester Residents to Oppose Increased Freight Traffic through Minn. City

November 28, 2008 Railfanning.org News Wire

ROCHESTER, Minn. — Safety, potential accidents and quality of life concerns are prompting nearly 70 percent of Rochester residents to oppose plans to increase freight train traffic through their city, a new survey shows. The survey of more than 500 Rochester residents, conducted October 8-16, also shows strong public sentiment for area elected officials to resist plans to expand freight rail traffic in the city. The Canadian Pacific Railway (CP) recently acquired the Dakota, Minnesota and Eastern Railroad (DM&E) and associated tracks through downtown Rochester. During the acquisition, CP officials outlined plans to upgrade tracks through Rochester in anticipation of

Canadian Pacific Drives for Greater Efficiency

November 13, 2008 Railfanning.org News Wire

CALGARY — In advance of its Investor Conference in Toronto, Canadian Pacific said it is aiming for “greater efficiency.” “Canadian Pacific is driving greater efficiency into all aspects of the business,” said Fred Green, President and Chief Executive Officer. “We are accelerating our efficiency efforts and will continue with our disciplined approach to pricing and yield to deliver value to our shareholders despite the uncertainty of the economic climate.” “Canadian Pacific plans capital investment in 2009 consistent with the current economic conditions,” said Kathryn McQuade, Executive Vice President and Chief Financial Officer. “We are pacing our capital investments to match

DM&E Joins CP Holiday Train in a Decade of Giving

November 10, 2008 Railfanning.org News Wire

MINNEAPOLIS — Food banks in more than 100 North American communities will be front and center when Canadian Pacific’s tenth annual Holiday Train gets underway. A brightly decorated CP train will collect food and money for local food banks, raise awareness in the fight against hunger and, help communities across CP’s newly expanded network celebrate the holiday season. “The Holiday Train is North America’s largest rolling fundraiser and a cherished tradition for our employees and the communities where we operate,” said CP President and CEO Fred Green. “We’re especially pleased to welcome employees and communities throughout our newly acquired DM&E

CP Salutes Fallen Soldiers

November 6, 2008 Railfanning.org News Wire

CALGARY — Canadian Pacific will honor employees who served Canada and the United States in war. Network-wide, all trains will safely halt at 11AM local time, observe two minutes of respect in silence and then sound a long train whistle in tribute. A Remembrance Day and Veterans Day service will also be held at CP’s headquarters in Calgary. “On this day, Canadian Pacific will recognize the contributions our employees made in times of war. On land, at sea and in the air, at home and abroad, the company, its people, its resources, its ingenuity and expertise were needed,” said Fred

Decommissioned Maintenance Shop Will be Demolished

October 16, 2008 Railfanning.org News Wire

NELSON, British Columbia — A decommissioned locomotive maintenance building near the Nelson waterfront will be demolished, Canadian Pacific Real Estate Vice-President John Walsh and Nelson Mayor John Dooley said. CP anticipates the demolition will be complete next year. “I am very pleased that Canadian Pacific has agreed to demolish the diesel shop,” said Mayor Dooley. “We have been working with CP on a number of issues over the past three years and have been really impressed with the cooperation we have received from all their staff, and in particular, John Walsh.” CP used the Diesel Shop Building for heavy locomotive

CP Spirit Train Challenges Ontarians to Help Canadian Athletes Get to Podium in 2010

October 10, 2008 Railfanning.org News Wire

TORONTO — The Canadian Pacific (CP) Spirit Train is challenging Ontarians to show their enthusiasm and passion for Canadian athletes, helping them boost their current second place standing internationally to first by the time the 2010 Games arrive. “Truth is, our Canadian Olympic and Paralympic athletes are well on their way to success in 2010 and more Canadians need to recognize this,” says Paul Rosen, Sledge Hockey gold medalist and ambassador for the Canadian Pacific Spirit Train. Rosen is touring with the CP Spirit Train, sharing his inspiring story and 2010 gold medal hopes with thousands of Canadians. The Spirit

DM&E Railroad Sees Management Change

October 7, 2008 Railfanning.org News Wire

CALGARY — Richard Hamlin, Trustee for CP’s acquisition of the DM&E announced some changes to DM&E’s senior management team, which come shortly after CP said it is buying the regional railroad. Effective immediately, Kevin Schieffer, President and CEO, has left the company to pursue other opportunities. Ed Terbell, Chief Operating Officer, and Kurt Feaster, Chief Financial Officer, will manage the day to day operations of the railway while the DM&E remains in trust. “Messrs. Feaster and Terbell and the management team have been strong performers in managing the DM&E, and its subsidiaries: Iowa, Chicago & Eastern Railroad and Cedar American