CALGARY — The Board of Directors of Canadian Pacific Railway declared a quarterly dividend of twenty four and three quarter cents ($0.2475) Canadian per share on the outstanding Common Shares. The dividend is payable on April 26, 2010, to holders of record at the close of business on March 26, 2010, and is an eligible dividend pursuant to subsection 89(14) of the Income Tax Act.
WASHINGTON — U.S. Transportation Secretary Ray LaHood and Federal Railroad Administration (FRA) Administrator Joseph Szabo on Jan. 12 announced historic safety regulations requiring that Positive Train Control (PTC) technology be installed on the nation’s major rail lines as well as commuter and intercity passenger rail routes.
CALGARY — Canadian Pacific and Natural Resources Canada have partnered on a biodiesel fuel pilot project under the National Renewable Diesel Demonstration Initiative, announced Lee Richardson, a member of Parliament for Calgary Centre. “The Government of Canada is working closely with industry partners like Canadian Pacific to support the use of renewable diesel in the Canadian fuel market,” Richardson said. “Our Government is investing over $800,000 in this important step forward to help reduce Canada’s total greenhouse gas emissions.” The Government of Canada has announced its intent to regulate an average five percent renewable fuel content based on the national
CALGARY — The Canadian Pacific Police Association and Canadian Pacific have reached a tentative three-year contract settlement. The Memorandum of Settlement will be sent to the membership for ratification. Details of the tentative agreement will be released following ratification.
SIOUX FALLS, S.D. — On Nov. 11, all Canadian Pacific and Dakota, Minnesota and Eastern Railroad 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 Green, Canadian
MINNEAPOLIS — Canadian Pacific’s brightly decorated Holiday Train returns to the rails in late November, raising food, money and awareness for food banks across North America. Last year, the Holiday Train helped raise more than $500,000 and 250,000 lbs of food and there is greater need this year. “Canadian Pacific is proud to support communities where we operate, raising more than $4 million in funds and two million pounds of food in the Holiday Train’s first decade,” said CP President and CEO Fred Green. “Each year, the Holiday Train’s message gets stronger and the impact on our employees and in
MONTREAL — Canadian Pacific and the United Steelworkers (USW), Local 1976, representing 1,100 clerical and intermodal workers, have announced the ratification of a three-year contract settlement. The agreement provides for a six per cent wage increase for the three years spanning 2010 to 2012.
The Association of American Railroads reported that recent rail traffic gains have slowed in the week preceding the Labor Day Holiday. For the week ended Sept. 5, 2009, U.S. railroads reported originating 284,715 cars, down 6.7 percent compared with the same week in 2008. Regionally, carloadings were down 7.1 percent in the West and 6.0 percent in the East.
WASHINGTON — The Association of American Railroads today reported that rail traffic continues to register incremental gains on a week-to-week basis, but remains down year over year. Rail carloadings were at their highest level since the week ended Dec. 13, 2008. For the week ended Aug. 29, 2009, U.S. railroads reported originating 285,580 cars, down 16.2 percent compared with the same week in 2008. Regionally, carloadings were down 16 percent in the West and 16.6 percent in the East. Intermodal traffic of 202,553 trailers or containers on U.S. railroads was down 15.6 percent from the same week last year. Container
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