|Bid||241.38 x 0|
|Ask||241.53 x 0|
|Day's Range||238.05 - 243.59|
|52 Week Range||189.57 - 243.59|
|PE Ratio (TTM)||14.69|
|Earnings Date||Jul 17, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||2.25 (0.96%)|
|1y Target Est||254.17|
Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad. A strike by the estimated 3,000 workers could be called if talks fail or if CP refuses to negotiate - but only after providing 72 hours notice, Teamsters Canada said in a statement. Teamsters Canada Rail Conference President Doug Finnson said by phone that the union expects to resume talks with Calgary-based CP on Friday.
CALGARY , May 25, 2018 /CNW/ - Canadian Pacific Railway Limited (CP.TO) (CP) has been advised by the Canada Industrial Relations Board (CIRB) that members of both unions - the Teamsters Canada Rail Conference – Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) – have voted down CP's final contract offers in the CIRB-administered vote, which ran from May 18 to noon Eastern today, May 25 . CP is disappointed with the outcome of the vote given that both final offers provided for significant improvements to wages, benefits and working conditions that are consistent with agreements recently reached with other CP unions in both the United States and Canada . There are approximately 3,000 conductors and engineers represented by the TCRC.
NEW YORK, NY / ACCESSWIRE / May 25, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with ...
Stifel analyst Michael Baudendistel went all-in on rail stocks Wednesday, reinstating coverage on seven of the biggest names in the railroad industry. Baudendistel is generally bullish on the group, but his analysis suggests some stocks are better bets than others. The company’s volume growth has historically allowed the stock to trade at a valuation premium to its peer group, Baudendistel said.
MONTREAL/WINNIPEG, Manitoba, May 23 (Reuters) - Canada on Wednesday approved broad air and freight reforms that will spell out passengers' rights on planes, mandate the use of voice and video recorders in rail locomotives, while providing more options for shippers with limited transportation choices. The government announced plans last year to modernize the country's Transportation Act, which would ensure ticketed passengers could not be hauled off overbooked flights, following incidents like the high-profile case of a United Airlines passenger being dragged off a plane in Chicago in 2017. The law would apply to all carriers flying in and out of Canada.
Canadian National Railway Co said on Wednesday that about 1,800 of its locomotive engineers had ratified a new agreement with Teamsters Canada regarding wages and benefits. The new agreement at Canada's largest railroad comes as conductors and engineers of smaller peer Canadian Pacific Railway Ltd are set to vote on their respective contracts after Teamsters Canada urged members to reject an initial offer and threatened to call a strike. Canadian National's five-year contract with the the union body runs through Dec. 31, 2022 and provides wage and benefit improvements for every year of the agreement.
Canadian Pacific Railway Limited (TSX:CP) trades with a trailing P/E of 14.6x, which is lower than the industry average of 16.8x. Although some investors may jump to the conclusion thatRead More...
Canadian Pacific (CP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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CALGARY , May 16, 2018 /CNW/ - Canadian Pacific Railway Limited (CP.TO) (CP) has been advised that the Canada Industrial Relations Board (CIRB) has changed the dates for voting on CP's final proposals – for both the Teamsters Canada Rail Conference – Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) – voting will now begin on Friday, May 18 at 9 am Eastern and close Friday, May 25 at noon Eastern. If the final offers are not accepted, following the announcement of the vote results, a minimum of 72 hours' notice will need to be provided before any work stoppage, including a strike or potential company lockout, could occur. CP continues to focus on achieving fair and balanced pattern agreements, consistent with long-term collective agreements recently ratified on both sides of the border.
CALGARY , May 14, 2018 /CNW/ - Canadian Pacific Railway Limited ("CP") (CP.TO)(CP) announces that its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing US$500 million of 4.000% Notes due 2028. The net proceeds from this offering will be used primarily for the reduction and refinancing of outstanding indebtedness and for general corporate purposes. The joint book-running managers of the debt offering are Morgan Stanley & Co. LLC, Barclays Capital Inc. and Wells Fargo Securities, LLC.
CALGARY , May 1, 2018 /CNW/ - Canadian Pacific Railway Limited (CP.TO) (CP) has been advised by the Canada Industrial Relations Board (CIRB) that voting on CP's final proposals – for both the Teamsters Canada Rail Conference – Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) – will begin on Monday, May 14 at 9 am Eastern and close Wednesday, May 23 at noon Eastern. If the final offers are not accepted, following the announcement of the vote results, a minimum of 72 hours' notice will need to be provided before any work stoppage, including a strike or potential company lockout, could occur. There are approximately 3,000 conductors and engineers represented by the TCRC.
Canadian Pacific Railway Ltd conductors and locomotive engineers will vote from May 14 to 23 on the company's latest contract offer, the Teamsters Canada Rail Conference said on Tuesday, but added the union could still call a strike if the agreement is rejected and future talks fail. The Teamsters urged members in a statement to reject the contract offer from Canada's No. 2 railroad, after agreeing to put off a strike planned for April 21 to allow the vote run by a Canadian labor board.
WINNIPEG, Manitoba/VANCOUVER (Reuters) - At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail cars headed south and west. Production has risen in the world's fifth largest producer but full pipelines and a rail car shortage have made it difficult for drillers to ship oil out of Canada. Some oil producers are feeling the pressure from customers.
MONTREAL/VANCOUVER April 20 (Reuters) - Canadian Pacific Railway Ltd and unions Teamsters Canada and International Brotherhood of Electrical Workers (IBEW), reached an agreement with to postpone a strike that was scheduled for Saturday. The unions said Friday the decision was made after Canadian Labour Minister Patty Hajdu agreed with Canadian Pacific's request to order a vote on a final offer regarding the company's renewal of their agreements with the unions.
After agreeing at the last minute to stave off a strike, unions at Canadian Pacific Railway Ltd. are urging their members to reject the company’s offer and say it’s only a matter of time before they walk ...
Canadian Pacific Railway Limited (TSX:CP) delivered an ROE of 36.09% over the past 12 months, which is an impressive feat relative to its industry average of 11.18% during the sameRead More...
MONTREAL/VANCOUVER April 20 (Reuters) - Canada's biggest rail union said no progress had been made in negotiations on Friday with Canadian Pacific Railway Ltd to reach a deal before a Saturday deadline as worries about a potential strike weighed on the country's crude oil prices. Management and union workers are grappling over issues such as schedules to reduce fatigue management, the union said. This would add hurdles for shipments of potash, crude oil and grains as demand soars for already congested rail service at CP and its larger rival Canadian National Railway.
Canada's biggest rail union said there had been no progress in negotiations on Friday to reach a deal before a Saturday deadline to avoid strike at Canadian Pacific Railway Ltd. A strike beginning on April 21 would be the union's third in six years, as management and unionized workers grapple over issues such as schedules to reduce fatigue management, the union said. It comes at a time when demand is soaring from potash and crude oil producers, among others, for already congested rail service at CP and its larger rival Canadian National Railway .
Hours away from a midnight deadline, Canadian Pacific Railway Ltd. is trying to hammer out a deal with two unions to avoid a labor strike that threatens to disrupt Canada’s second largest railroad for the second time in three years. Talks are continuing in Calgary between the railway, the International Brotherhood of Electrical Workers and Teamsters Canada, Jeremy Berry, a Canadian Pacific spokesman, said Friday via e-mail. A work stoppage would hamstring Canadian Pacific’s ability to provide freight service in a country already buffeted by congestion on a rival railroad’s network.
It can be expensive to move record volumes of freight when your rail network gets disrupted by winter weather.