Canadian Pacific – Page 12

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

STB Approves CP’s DM&E Purchase

September 30, 2008 Railfanning.org News Wire

WASHINGTON — The Surface Transportation Board approved Canadian Pacific Railway Limited’s plan to buy the Dakota, Minnesota & Eastern Railroad Corporation and its subsidiaries: Iowa, Chicago & Eastern Railroad and Cedar American Rail Holdings. The official effective date of the final decision is Oct. 30. “The DM&E is an excellent fit for Canadian Pacific making this a strategic end-to-end addition to our network,” said Fred Green, President and Chief Executive Officer of CP. “This is also a positive development for CP, DM&E and IC&E customers. CP customers will have direct single line access to the Midwest US markets and the

House Approves Rail Safety Bill; Billions to go to Passenger Rail

September 27, 2008 Railfanning.org News Wire

WASHINGTON — The House of Representatives has approved legislation that proponents say will improve the Nation’s intercity passenger rail system and the safety of the nation’s railroads. The Rail Safety Improvement Act of 2008 and the Passenger Rail Investment and Improvement Act of 2008 will increase funding for Amtrak over the next five years, require new safety controls on trains that help reduce crashes, allow states to regulate solid waste processing facilities along rail lines and allocate funding for improvements to Washington’s Metro transit system. The legislation sets “an aggressive deadline” of 2015 for implementation of positive train control (PTC)

Hurricane Ike Causes Rail Freight Downturn

September 27, 2008 Railfanning.org News Wire

WASHINGTON — Freight traffic on U.S. railroads was off sharply during the week ended September 20 in comparison with the same week last year, the Association of American Railroads (AAR) reported. Much of the decline can be attributed to disruptions caused by Hurricane Ike which struck the Gulf Coast Sept. 13. Total volume was estimated at 32.8 billion ton-miles, down 6.8 percent from the comparable week last year. Carload freight in the week totaled 312,662 cars, off 7.8 percent from last year. Volume was down 10.4 percent in the West and 4.3 percent in the East. Intermodal volume, which is

Canadian Pacific Announces Second-Quarter Results

July 22, 2008 Railfanning.org News Wire

CALGARY — Canadian Pacific Railway Limited announced its second-quarter results today, and net income in the second quarter was $155 million, a decrease of 40 percent from $257 million in 2007, and diluted earnings per share was $1.00, a decrease from $1.64 in the second quarter of 2007. Highlights include: Total revenues were essentially flat at $1.22 billion Income before foreign exchange gains and losses on long-term debt and other specified items decreased to $150 million from $175 million Adjusted diluted earnings per share decreased to $0.97 from $1.12 Operating ratio was 79.4 per cent compared with 74.7 per cent

CP, CN Implement New Rail Terminal Efficiencies at Deltaport

July 18, 2008 Railfanning.org News Wire

VANCOUVER — CN and Canadian Pacific (CP) announced an agreement allowing the Deltaport Division of a jointly owned rail subsidiary to manage rail switching operations for CN’s and CP’s intermodal trains at Deltaport, a marine container terminal located at Roberts Bank, south of Vancouver’s inner harbor. “Deltaport Division will streamline the logistics chain at the terminal, generating greater efficiencies in the overall rail and port operation,” said Keith Creel, CN executive vice-president, operations. “These service and productivity gains support Canada’s Asia-Pacific Gateway Initiative, which aims to bolster the competitiveness of the nation’s west coast ports.” CN and CP move approximately

2007: A Strong Year For Railroad Safety

June 27, 2008 Railfanning.org News Wire

WASHINGTON — Last year was another strong year for safety on the nation’s railroads, with records being set in two key safety measurements while a third fell just shy of setting a record. “Over the years, the railroad industry has developed a strong safety culture,” said Edward R. Hamberger, president and CEO of the Association of American Railroads (AAR) at the annual E.H. Harriman Awards luncheon which honors railroads with the best employee safety records for the previous year. “Last year the train accident rate was the lowest in history,” he said. “So was the grade crossing accident rate. The

Southwest Chief, Empire Builder and California Zephyr Midwest Flooding Disruption Update

June 21, 2008 Railfanning.org News Wire

Amtrak has been notified by BNSF and Canadian Pacific (CP) railways of efforts to restore passenger train service on three routes disrupted due to flooding on the Mississippi River and its tributaries in Iowa and Wisconsin. BNSF and CP host these trains on tracks they own, maintain and dispatch.While still hoping to restore rail service soon, Amtrak is planning to operate limited alternate transportation through the affected areas for each of these trains until further notice. Through June 24, passengers are urged to call Amtrak at 800-USA-RAIL if they have travel plans through the affected areas on routes of the