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Canadian Pacific Railway Ltd News

22 Jan 2015

Canadian Pacific Hires Marsh as Sales VP

The appointment of Tim Marsh as senior vice president sales and marketing by Canadian Pacific Railway Ltd is aimed at bolstering its battered intermodal business, says a report from Globe and Mail. Marsh, who brings 25 years of international shipping industry sales and marketing experience, most recently served as executive VP North America Trade Division for Cosco Container Lines (COCSO), the global shipping giant. CP has lost some big intermodal customers to Canadian National Railway Co., and appears to be taking a big step toward winning new contracts in the business of handling containers that travel by ship, rail and truck. Marsh will lead a sales team that has recently lost the intermodal business of APL Ltd., Mitsui O.S.K. Lines, and Orient Overseas Container Line Ltd.

04 Sep 2014

CWB to Build Third Canadian Grain Elevator

Canadian grain marketer CWB said on Thursday it will build a third grain elevator on the western Prairies, as the former Wheat Board pieces together a crop-handling network. Winnipeg-based CWB will build an elevator that can store 42,000 tonnes of grain near Pasqua, Saskatchewan. It expects the elevator, adjacent to a Canadian Pacific Railway Ltd line with the ability to load 134 rail cars, to open in January 2016. The elevator is the latest project to expand Western Canada's grain-handling capacity, including country elevators and port terminals, as Canadian farmers increase production. Richardson International Ltd, Cargill Ltd and Viterra have also announced building projects. Viterra said last week that it would build a grain terminal at Ste.

16 Jul 2014

Dozens of Trains Haul Volatile Bakken Crude Weekly

As many as 44 trains loaded with volatile Bakken crude oil are being sent through the state of New York each week, according to confidential disclosures made by railroads to state emergency responders, and released to Reuters through a Freedom of Information Law request. The disclosures come as New York and other states grapple with health and safety risks posed by a recent surge in oil-by-rail cargoes, following at least six fiery derailments of trains carrying Bakken oil in North America since last July. The New York State Emergency Response Commission released disclosures from railroads CSX Corp and Canadian Pacific Railway Ltd on Tuesday.

16 Apr 2014

West Coast is Key for Exporting Bigger Canada Crops

Photo: Port Metro Vancouver

Canada needs to invest in shipping more grains and oilseeds off the West Coast as harvests get larger, to avoid the massive transportation backlogs that followed last year's record crops, industry officials said on Wednesday. Last year, 19.3 million metric tons of grain moved in bulk and containers combined through Port Metro Vancouver, British Columbia, the country's biggest port, which connects Canadian commodities with Asian buyers, according to the port. But handling Canadian…

09 Apr 2014

Correction: Mississippi River Closed in Iowa after Barge Hits Bridge

The U.S. Coast Guard on Tuesday closed the Mississippi River at Sabula, Iowa, after a barge struck a railroad bridge, said Eric Washburn, bridge administrator for the agency's Eighth District Western Rivers Bridge Branch. The river was closed 1 mile (1.6 km) north and 1 mile south of the site of the accident as of about 3 p.m. CDT (2000 GMT), Washburn said. The barge was stuck in an open position. The contents of the barge were unknown as investigators traveled to the site, he said. "The investigators will have to inspect the bridge and make a determination if it needs repairs," added Tim Marriott, enforcement chief for the Coast Guard's upper Mississippi River sector. The rail bridge was owned by Canadian Pacific Railway Ltd , said company spokesman Ed Greenberg.