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CANADIAN PACIFIC

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About CANADIAN PACIFIC

With operations stretching from Vancouver to New York, Canadian Pacific Railway (CP) hauls freight over about a 15,000-mile network in Canada and the US. Its system includes about 10,700 miles of company-owned track and another 4,100 miles of track that is jointly owned, leased, or operated under trackage rights. Much of its network is in western Canada. – more... US units include Soo Line Railroad and Dakota, Minnesota & Eastern Railroad, which operate in the Midwest; and Delaware and Hudson Railway, which operates in the Northeast. Freight hauled by CP includes intermodal containers, coal, grain, and industrial and consumer products. The company also provides logistics services and land transportation via partners.

Like other freight carriers, the company benefitted from an uptick in the economy in 2010. After experiencing a drop in revenues in 2009, CP saw revenues per ton mile (the movement of one revenue-producing ton of freight over a distance of one mile) increase to the tune of nearly 17% in 2010. Carloads also increased more than 12% in 2010. However, revenues per carload increased less than 1% compared to the previous year.

The company is banking on the success of its rail corridor in Alberta that services the oil sands upgrader development. (Upgrading oil sands is a process by which oil deposits naturally occurring in sand can be refined while still in the ground, making them easier to mine. The amount of oil in Alberta's oil sands is second only to the Saudi Arabia reserves.) CP has plans in place to augment its existing service to the Alberta Industrial Heartland development as demand warrants.

CP's Dakota, Minnesota & Eastern Railroad (DM&E, purchased in 2007) plans to extend service into Wyoming's coal-rich Powder River Basin. If CP completes the Powder River project, which would require considerable investment, it will owe DM&E investors another $1 billion.

One of Canada's oldest companies, Canadian Pacific Railway is one of five businesses spun off in 2001 from former parent Canadian Pacific Limited. Investment firm Pershing Square Capital holds about 14% of the company.   – less

CANADIAN PACIFIC Employer Reviews

Customer Service Representative (Current Employee), Minneapolis, MNSeptember 6, 2014
Licensed Locomotive Engineer (Current Employee), Binghamton, NYApril 27, 2014
Rail Traffic Controller/Train Dispatcher (Current Employee), Minneapolis, MNApril 14, 2014
Specialist (Former Employee), MinneapolisMarch 7, 2014
Locomotive Engineer (Current Employee), Portage, WIOctober 10, 2013

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Working at CANADIAN PACIFIC

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