Rail News Home Canadian Pacific 3/9/2022 Rail News: Canadian Pacific
The Mexico-to-Midwest train is a sign of things to come if the Surface Transportation Board approves the merger between CP and KCS, said CP President and CEO Keith Creel. Photo – cpr.ca
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Mar
09
Mar
09
Canadian Pacific announced today it has launched the first dedicated intermodal train between Lazaro Cardenas in Michoacan, Mexico, and the U.S. Midwest.
CP worked with Kansas City Southern on an interline basis to launch the first Lazaro Cardenas-to-Chicago train, which was born out of the need to avoid excessive delays due to the unprecedented and ongoing supply chain challenges affecting North America's West Coast, CP officials said in a press release.
Mar
08
Rail News Home Canadian Pacific 3/8/2022 Rail News: Canadian Pacific
Billionaire investor William Ackman and his hedge fund Pershing Square Capital Management has a new stake in Canadian Pacific worth CA$280 million, according to news media reports.The investment makes Pershing Square one of CP's top 20 shareholders, reuters.com reported yesterday.Pershing Square reported owning 2.8 million CP shares as of Dec. 31, 2021, according to a March 7 regulatory filing cited in the report.The hedge fund began buying into the railroad in September 2011, but was forced to sell five years later to pay back investors as the fund faced losses. Ackman called those sales one of the firm's "greatest investment regrets," reuters.com reported.
Billionaire investor William Ackman and his hedge fund Pershing Square Capital Management has a new stake in Canadian Pacific worth CA$280 million, according to news media reports.The investment makes Pershing Square one of CP's top 20 shareholders, reuters.com reported yesterday.Pershing Square reported owning 2.8 million CP shares as of Dec. 31, 2021, according to a March 7 regulatory filing cited in the report.The hedge fund began buying into the railroad in September 2011, but was forced to sell five years later to pay back investors as the fund faced losses. Ackman called those sales one of the firm's "greatest investment regrets," reuters.com reported.