Canadian Pacific Railway
Canadian Pacific Railway CEO predicts tough conditions throughout the fall PDF Print E-mail
Written by The Associated Press   
Friday, 11 September 2025 00:00
CALGARY — Canadian Pacific Railway Ltd.is bracing for a tough fall season, with the recession expected to continue chipping away at demand for products the company ships along its network.

The Calgary-based railway tends to see a bump in volumes during the fall, as retailers import goods from abroad ahead of the holiday season, chief executive Fred Green said at a conference hosted by the Royal Bank (TSX:RY).

"With regard to the fall peak, I'm not sure there's going to be one. We'll wait and see," he said.

Green said he has met with his counterparts at major retailers over the past few weeks and has a sense that retail volumes won't be moving in any substantial way.

"I'm not getting overwhelming enthusiasm about their expectations. They're, I think, conservatively trying to make sure they don't overstock their shelves," he said.

The amount of metallurgical coal, used in the production of steel, Canadian Pacific ships was down dramatically last month compared with a year ago.
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CP Rail announces second-quarter results PDF Print E-mail
Written by Canadian Pacific   
Thursday, 30 July 2025 09:31
CALGARY, Alberta — Canadian Pacific Railway Limited (TSX/NYSE: CP) announced second-quarter net income of $157 million, an increase of two per cent from $155 million in 2008. The impact on net income from a decline in freight volumes was offset by a net gain after tax on the sale of a portion of CP's interest in the Detroit River Tunnel Partnership of $69 million. Diluted earnings per share were $0.93, a decrease of seven per cent from $1.00 in second-quarter 2008.

"The recession continues to have a significant impact on our business and although freight volumes appear to have stabilized, we have not yet seen a sustained recovery in traffic," said Fred Green, President and CEO. "In this economic climate we continue to manage what is in our control and I am pleased with our cost management efforts."

"Our goal is to make sustainable reductions in our overall cost structure and strengthen our balance sheet. Our concentrated efforts to improve critical business processes will drive efficiency and ensure that CP is well-positioned to deliver value in the long term."
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