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November 15, 2012
12:02 EDTCPCanadian Pacific, IBEW reach tenative agreement
The International Brotherhood of Electrical Workers, System Council 11 and Canadian Pacific, announced that they have reached a tentative five-year labor agreement covering approximately 450 employees who maintain and install railway signals and communications systems across Canada. Details of the tentative agreement are being withheld pending ratification by the IBEW membership.
News For CP From The Last 14 Days
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April 21, 2015
19:12 EDTCPCanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
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08:33 EDTCPCanadian Pacific reports Q11 adj. EPS $2.26, consensus $2.18
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April 20, 2015
15:37 EDTCPNotable companies reporting before tomorrow's open
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April 13, 2015
17:03 EDTCPRailroad operators under pressure after Norfolk Southern guidance
Shares of railroad operators are active after Norfolk Southern (NSC) provided first quarter guidance that came in below analysts' consensus estimates. The company provided Q1 EPS guidance of $1.00, below analysts' estimates of $1.27, on revenue of $2.6B, also below analysts' estimates of $2.69B. Norfolk Southern said revenue decreases reflect reductions in fuel surcharge revenue in each of NS' three commodity groups, continued reductions in coal volumes, and a lower average revenue per unit related to the mix of business. Lower overall expenses were aided by declining fuel expense but hurt by weather and service recovery costs. PEERS: Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), and Union Pacific (UNP). PRICE ACTION: Norfolk Southern is down 3.9%, CSX is down 2.2%, Canadian National is lower by 0.6% and Union Pacific is lower by 1.8% in after-hours trading.

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