Recent events
Recent events tied to this brand in public sources.
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2022
CP Rail operations halted amid employee strike
Thousands of CP Rail employees began a strike at midnight on March 20, and CP trains across Canada stopped operating.
2021
Class-action lawsuit alleges CN and CP railways contributed to Lytton wildfire
A proposed class-action lawsuit alleges Canadian Pacific and Canadian National railways caused or contributed to the wildfire that destroyed the Village of Lytton, British Columbia. The statement of claim alleges the fire was set off by heat or sparks from a CP freight train operated by CN employees on CN-owned tracks; the allegations have not been established as findings.
2021
Kansas City Southern terminates Canadian Pacific merger agreement
Kansas City Southern terminated its merger agreement with Canadian Pacific Railway after determining that Canadian National Railway’s proposal remained a superior proposal. KCS paid CP a $700 million breakup fee, to be reimbursed by CN.
2021
Canadian Pacific agrees to acquire Kansas City Southern
Canadian Pacific Railway agreed to acquire Kansas City Southern for US$25 billion. The article says the combined entity is planned to be named Canadian Pacific Kansas City and listed under the CPKC ticker.
2020
Canadian Pacific completes acquisition of Detroit River Rail Tunnel stake
Canadian Pacific completed its purchase of an 83.5 percent stake in the Detroit River Rail Tunnel from affiliates of OMERS. Canadian Pacific previously held a 16.5 percent stake in the tunnel in partnership with OMERS.
2020
Canadian Pacific completes acquisition of Central Maine & Quebec Railway US
Canadian Pacific completed its acquisition of Central Maine & Quebec Railway US, completing its purchase of the entire Central Maine & Quebec Railway network together with its earlier acquisition of the Canadian business. The report says the U.S. acquisition became effective on the publication date.
2020
Canadian Pacific completes acquisition of Central Maine & Quebec Railway
Canadian Pacific completed its acquisition of Central Maine & Quebec Railway. The U.S. portions of the network still require approval from the Surface Transportation Board.
2019
Cielo and Canadian Pacific agree on rail-tie feedstock supply
Cielo Waste Solutions announced a supply-of-services agreement with Canadian Pacific, approved November 27, 2019 and effective October 31, 2019. The agreement provides Cielo with scrap rail ties as feedstock for renewable-fuel production and expires October 31, 2025.