CANADIAN PACIFIC RAILWAY (CP) Stocks
ABOUT CANADIAN PACIFIC RAILWAY
? Canadian Pacific Railway Limited is a public Class 1 transcontinental railway across Canada and the United States. It provides freight and intermodal transport services over its mainline network. This network serves key centers in the Midwestern and North-eastern United States and also major Canadian cities and ports from Montreal to Vancouver.
In 2019 Canadian Pacific owns approximately 20 000 km (12 500 miles) of track across Canada through to the U.S. In Canada its network stretches from Montreal to Vancouver and up north to Edmonton. In the U.S. its network covers cities such as Detroit, Chicago, Minneapolis and New York City.
Today Canadian Pacific Railway Limited trades both on the Toronto Stock Exchange and the New York Stock Exchange.
The company’s history dates back to 1881 when it was founded. It is headquartered in Calgary, Canada.
HISTORY OF CANADIAN PACIFIC RAILWAY
- Canadian Pacific Railway Limited is incorporated on 16 February 1881. The railway is initially built between British Columbia and eastern Canada between 1881 and 1885. It is Canada’s first transcontinental railway. Although primarily a freight railway it becomes the only practical means of long distance passenger transportation in most of Canada’s regions for many decades.
- Through the years Canadian Pacific Railway Limited becomes one of the most powerful companies in Canada and it maintains this position until 1975.
- In 2001, Canadian Pacific Limited, CPR’s parent company, spins its five subsidiaries off into independent companies. This includes CPR. At the time of the split most of the company’s non-railway businesses are operated by a different subsidiary, Canadian Pacific Limited.
- In 2007 CPR buys Dakota, Minnesota and Eastern Railroad form UK based Electra Private Equity. This transaction gives CPR access to shippers of ethanol, coal and agricultural products in the U.S. It also gives the company access to Wyoming’s Powder River Basin’s rich coalfields. The cost of the acquisition is USUS Dollar 1.48 billion with future payments of over USUS Dollar 1 billion contingent on the start of construction on the smaller railway’s Powder River extension – including specified volumes of coal shipments from the area.
- Canadian Pacific proposes a merger with American railway Norfolk Southern in 2015. Early 2016 CP abandons the proposed merger after the NS board rejects three offers.
VISION & VALUES OF CANADIAN PACIFIC RAILWAY
- Canadian Pacific Railway Limited is committed to reducing its carbon footprint and has undertaken various initiatives to improve its operational efficiencies. These include locomotive upgrades for optimal performance, infrastructure improvements and implementing energy saving changes and initiatives at various facilities.
- Since 2015 the company has reduced its annual GHG emissions by around 15%.
- Between 2014 and 2016 the company reduced its natural gas use by 28% and electricity use by 32%.
MARKET PERFORMANCE OF CANADIAN PACIFIC RAILWAY
- Canadian Pacific Railway Limited trades on the New York Stock Exchange under the NYSE stock symbol “CP”
- In 2018 the company’s revenue is CAUS Dollar 7 316 million. Operating income is CAUS Dollar 2 831 million and net income is CAUS Dollar 1 951 million.
- Total assets are US Dollar 21 254 million and total equity is CAUS Dollar 6 636 million.