Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Pacific Railway Limited    CP   CA13645T1003

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Canadian Pac.Railway : Canadian Pacific comments on TCRC issuing a 72-Hour Strike Notice

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/20/2012 | 12:57am CET

Canadian Pacific (TSX:CP)(NYSE:CP) today announced it has received 72-hour strike notice from the Teamsters Canada Rail Conference (TCRC), which represents 4,800 engineers, conductors and rail traffic controllers in Canada. 

While the parties continue to meet with the assistance of the Federal mediator and conciliator service, the 72-hour notice issued by the union means a work stoppage can occur as early as 0001 on May 23, 2012.

In the event there is a work stoppage, CP will proceed with a safe and structured shut down of its train operations in Canada.

"CP believes the offer it has presented the union is fair and reasonable.  We are willing to enter into binding arbitration or negotiation period extensions should an agreement not be reached at this stage," said Executive Vice President and Chief Operations Officer Mike Franczak. "This would ensure the continued operations of freight and commuter trains on CP's Canadian Network for the benefit of our customers, communities we serve and the economy at large. Any extension to the bargaining process requires consent of the union or action of the federal government."

CP, which contributed approximately $1.9 billion of solvency deficit contributions to its pension plan over the past three years, requires changes to legacy pension and post-retirement benefits to make them industry-comparable. Among the range of proposed amendments, some of the options provide guaranteed pension payment that is a multiple of average Canadian industrial pension payment and exceeds what this union has already agreed to for the majority of its members at another major Canadian railway.

"The offer on pension aligns with the industry and allows the railway to remain competitive as we invest in strategic infrastructure upgrades along our network," said Franczak.

Note on forward-looking information

This news release contains certain forward-looking statements relating but not limited to our operations, proposed investments, anticipated financial performance and business prospects. Undue reliance should not be placed on forward-looking information as actual results may differ materially.

By its nature, CP's forward-looking information involves numerous assumptions, inherent risks and uncertainties. Forward-looking statements are not guarantees of future performance. Factors that could affect forward-looking information include, but are not limited to: changes in business strategies; general North American and global economic, credit and business conditions; inflation; currency and interest rate fluctuations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; actions by regulators; potential increases in maintenance and operating costs; uncertainties of litigation; risks and liabilities arising from derailments; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; technological changes; and various events that could disrupt operations, including severe weather conditions, flooding, earthquakes, labour disputes, risks and liabilities arising from derailments as well as security threats and governmental response to them. Other risks are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CP's annual and interim reports, Annual Information Form and Form 40-F for a summary of major risks.

Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit cpr.ca and see how Canadian Pacific is Driving the Digital Railway.

Contacts:
Media
Ed Greenberg
Tel:612-849-4717
24/7 Media Pager: 855-242-3674
Ed_greenberg@cpr.ca

Investment Community
Janet Weiss
Tel: 403-319-3591
investor@cpr.ca

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CANADIAN PACIFIC RAILWAY L
11/24 CANADIAN PACIFIC RAILWAY : Tollway sues Canadian railroad over western access to..
11/23 CANADIAN PACIFIC RAILWAY : Holiday train scheduled to roll through area again
11/23 CANADIAN PACIFIC RAILWAY : National says rival Pacific paid $25M to settle lawsu..
11/21 CANADIAN PACIFIC RAILWAY : CP's President and Chief Operating Officer to address..
11/21 CANADIAN PACIFIC RAILWAY : CP Touchdowns for Heart scores big this post-season i..
11/19 CANADIAN PACIFIC RAILWAY : CP) Stake Lowered by Bristol John W & Co. Inc. NY
11/16 CANADIAN PACIFIC RAILWAY LIMITED : (CP) Files An 8-K Other Events
11/15 CANADIAN PACIFIC RAILWAY LTD/CN : Other Events, Financial Statements and Exhibit..
11/15 CANADIAN PACIFIC RAILWAY : Rail Ferry Service Next Brown Bag Topic
11/11 CANADIAN PACIFIC RAILWAY : High Commissioner sees tremendous potential for enhan..
More news
Sector news : Ground Freight & Logistics - NEC
11/30DJCSX : Sees Improving Demand Trends, Notably for Coal Shipments
11/09 Wall St. analysts' calls on U.S. stocks after Trump win
10/25 AURIZON HOLDINGS (ASX : AZJ) FY 2016 results and strategy
10/24DJSwift Transportation Posts Higher Profit, Lower Revenue
10/21DJUNION PACIFIC : Today's Top Supply Chain and Logistics News From WSJ
More sector news : Ground Freight & Logistics - NEC
News from SeekingAlpha
11/28 CANADIAN PACIFIC : Pricing Power Has Evaporated
11/28 Revenue Declines Make Canadian National A Sell
11/27 Transports Week In Review - Transports Surge Continues, Valuation Levels Are ..
11/25 Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q3 2016 Update
11/23 FP : Coal still king for Canadian railways despite energy plant phaseout
Advertisement
Financials ( CAD)
Sales 2016 6 385 M
EBIT 2016 2 690 M
Net income 2016 1 692 M
Debt 2016 8 547 M
Yield 2016 0,86%
P/E ratio 2016 18,12
P/E ratio 2017 16,27
EV / Sales 2016 6,08x
EV / Sales 2017 5,83x
Capitalization 30 258 M
More Financials
Chart CANADIAN PACIFIC RAILWAY L
Duration : Period :
Canadian Pacific Railway L Technical Analysis Chart | CP | CA13645T1003 | 4-Traders
Full-screen chart
Technical analysis trends CANADIAN PACIFIC ...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 215  CAD
Spread / Average Target 4,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
E. Hunter Harrison Chief Executive Officer & Director
Keith Edward Creel President, Chief Operating Officer & Director
Andrew Fitzpatrick Reardon Chairman
Nadeem Velani Chief Financial Officer & Vice President
Michael John Redeker Chief Information Officer & Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN PACIFIC RAILW..18.31%22 724
UNION PACIFIC CORPORAT..32.21%85 205
CANADIAN NATIONAL RAIL..18.47%51 982
CSX CORPORATION38.00%34 301
NORFOLK SOUTHERN CORP.26.29%31 188
C.H. ROBINSON WORLDWID..20.69%10 601
More Results