268.84 0.00 (0.00%)
After hours: 4:18PM EST
|Bid||269.13 x 1100|
|Ask||269.19 x 1800|
|Day's Range||267.94 - 272.12|
|52 Week Range||199.33 - 275.13|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||21.58|
|Forward Dividend & Yield||2.52 (0.93%)|
|Ex-Dividend Date||Mar 25, 2020|
|1y Target Est||N/A|
The Canadian government has revised its temporary restrictions on speed limits for freight trains carrying dangerous goods, allowing trains to move faster. The agency defines dangerous goods as commodities such as crude oil, liquefied petroleum gas, gasoline and ethanol. The revised speed restrictions, which were issued on Feb. 16 and will be in place until April 1, are in response to a fiery Feb. 6 derailment of a Canadian Pacific (NYSE: CP) train carrying crude oil.
Canadian Prime Minister Justin Trudeau on Wednesday urged those blocking rail lines in protest against the construction of a natural gas pipeline to find a quick solution, as police warned they were ready to step in and end the standoff. Anti-pipeline protesters near tracks in Ontario, Canada's most populated province, disrupted passenger trains and goods transportation for a sixth straight day on Wednesday. The Ontario blockade of the Canadian National Railway (CN) line is in support of Wet’suwet’en Nation's opposition to the proposed Coastal GasLink pipeline in British Columbia.
Blockades of protesters supporting a First Nations group's concerns over a proposed pipeline route have been blocking passenger and freight rail lines to ports and other areas of Canada. The blockades, some of which have been occurring for six days, according to local news reports, could force Canadian National (NYSE: CNI) to shut down "significant parts of its Canadian network imminently," the railway said Tuesday. As a result of the blockades, Canadian National (CN) has obtained court injunction orders for two blocked locations, and the railway is working with local enforcement agencies to enforce the orders.
As the rail industry awaits the preliminary investigation findings on what caused the Thursday derailment of a Canadian Pacific (NYSE: CP) crude oil train, observers also are mulling how a temporary federal mandate to slow down trains carrying dangerous goods will affect the broader Canadian economy. Transport Canada last week ordered all freight trains hauling 20 or more cars of dangerous goods to limit their speed to 20 miles per hour in metropolitan areas and 25 mph outside of metropolitan areas.
Transport Canada has issued a temporary order requiring freight trains carrying "dangerous goods" to slow down. The order is in response to the derailment of a Canadian Pacific (NYSE: CP) crude oil train early Thursday morning in Saskatchewan. The derailment, which occurred at 6:15 a.m. CST, resulted in a fiery wreck, forcing the evacuation of citizens in Guernsey and closing nearby roads, FreightWaves reported.
Canadian Pacific (NYSE: CP ) moved 2.09 million metric tonnes (mt) of Canadian grain and grain products in January, a company record for the month. January's volumes beat the previous January 2019 record ...
A Canadian Pacific (NYSE: CP) trail derailed early Thursday morning in Saskatchewan in a fiery wreck that forced the evacuation of a nearby village and the closure of a portion of Highway 16, a key trucking route in Western Canada. The accident occurred about 6:15 a.m. CST east of Guernsey, CP said in a statement. The railway is making initial assessments as emergency responders tend to the wreck.
Canadian Pacific (NYSE: CP) is eyeing an anticipated new intermodal offering in eastern Canada and crude-by-rail opportunities in western Canada. The railway said its acquisition of the Central Maine & Quebec (CMQ) short line railroad would not only expand CP's presence in the Maritimes but also would enable it to compete with trucks in eastern Canada. The acquisition, which was finalized in December, will enable CP to offer routes from the Maritmes to Montreal, Toronto, Chicago and western Canada, according to CP CEO Keith Creel.
Substantial rise in freight revenues boosts Canadian Pacific's (CP) Q4 results. Additionally, the company's 2020 earnings view holds promise.
Today we are going to look at Canadian Pacific Railway Limited (TSE:CP) to see whether it might be an attractive...
View more earnings on CP See more from Benzinga Recap: Automatic Data Processing Q2 Earnings Verizon Q4 Earnings Preview Q4 Preview For UPS © 2020 Benzinga.com. Benzinga does not provide investment advice. ...
Net profits for the fourth quarter of 2019 rose nearly 22% for Canadian Pacific (NYSE: CP ) amid a quarterly record for overall revenue. Fourth-quarter net income for 2019 totaled C$664 million, or C$4.82 ...
Canadian Pacific (CP) delivered earnings and revenue surprises of 1.69% and 1.04%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Progress in U.S.-China trade deal talks boosted volumes in CP's U.S. business by 3% in the quarter, as soybean shipments to the Pacific Northwest rose. "Frankly, we've started to see a little bit of upside as some of the positive outcomes of this trade deal emerge," a company executive said, adding that CP was anticipating an improvement in its U.S. grain business towards the end of the year. Investors are awaiting signs of a pick-up in Chinese demand promised when Washington and Beijing signed the Phase 1 trade deal on Jan. 15.
Canadian Pacific (NYSE: CP) and union officials are at odds over a documentary and reports produced by the Canadian Broadcasting Corp. (CBC) in which the network explored the events surrounding a February 2019 fatal accident involving a CP train — including questions about how the investigation was handled. The documentary entailed a seven-month investigation by CBC and sought to address allegations by a former CP employee who said the company thwarted his efforts to investigate certain aspects of the accident, according to CBC's article about the documentary. The former employee now works for the Royal Canadian Mounted Police (RCMP).
Cost-control efforts are likely to have aided most transportation companies' Q4 to cope with low revenues caused by weak freight demand.
Pricing pressure is likely to have hit Hawaiian Holdings' (HA) passenger revenues in Q4. However, modest fuel prices are expected to have aided the bottom line.
Sluggish volumes are likely to have hurt Norfolk Southern's (NSC) fourth-quarter 2019 performance. However, its bottom-line number is likely to reflect the positive impact of cost-control efforts.