Canadian Pacific Railway says it is on track to deliver the best results in its 132-year history this year after defying a harsh winter to generate a record first quarter.
Canadian Pacific says it will eliminate about a quarter of its workforce by 2016 and expects to cut about 1,700 of those jobs by year-end as the struggling railroad works to bring down its operating costs.
Canadian Pacific Railway says it's seeking potential buyers for a U.S. line that stretches about 1,000 kilometres across several states in the U.S. Midwest.
A Canadian-led group of eco-adventurers has returned home after achieving a historic first, successfully completing the most northern crossing of the Arctic Circle ever accomplished by a sailboat.
The head of Canadian National Railway says rival Canadian Pacific Railway will eventually catch up to its industry-leading performance with new CEO Hunter Harrison at the helm and it will benefit the entire industry.
Canadian Pacific Railway named Hunter Harrison as its new president and chief executive officer on Friday, drawing the long-time railroader come out of retirement to lead what was once his biggest rival.
