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Canadian Pacific Railway (CP) Company Profile

Updated Sep 15, 2020
Canadian Pacific Railway has the following business profile:
Company's Full Name:Canadian Pacific Railway Limited
Short Name:Canadian Pacific Railway
Trading Ticker Symbol:CP
Primary Exchange:NYSE
Headquarter City/Country:Calgary, AB
Primary Industry Sector:Transportation
Seconday Sub-sector:Railroads
Main Business Areas/Categories: Transportation, Railroads, Industrials
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Canadian Pacific Railway stock

Market and Trading Information for Canadian Pacific Railway

The following details were available for trading and market data about the stock of Canadian Pacific Railway as of writing:
Current Share Price:$307.81
Previous Year's Closing Price:$254.95
Percentage Price Change (YTD):20.73%
Market Cap:$41.71 billion
52-week Price Range:$173.26 - $312.59
Dividend Per Share:$3.32
EPS (TTM):12.46
Price-Earnings (Trailing):24.71
Price-Earnings (Forward):20.8

Company Profile and Business Description for Canadian Pacific Railway

Canadian Pacific Railway Limited, incorporated on October 1, 2001, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles, serving the business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia and the United States Northeast and Midwest regions. Its railway feeds directly into the United States heartland from the east and west coasts. Its Bulk commodities include grain, coal, potash, fertilizers and sulfur. Its Merchandise freight consists of finished vehicles and machinery, as well as forest and industrial and consumer products. Its Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck. Its subsidiaries include Canadian Pacific Railway Company, Soo Line Railroad Company, Delaware and Hudson Railway Company, Inc., Dakota, Minnesota & Eastern Railroad Corporation and Mount Stephen Properties Inc.


The Company transport Canada and United States grain, which consists of both whole grains, such as wheat, corn, soybeans and canola, durum, and processed products, such as meals, oils, and flour. Its business is centered in the Canadian Prairies (Alberta, Saskatchewan and Manitoba), with grain shipped west to the Port of Vancouver in British Columbia, and east to the Port of Thunder Bay in Ontario for export. Grain is also shipped to the United States, to Mexico, and to eastern Canada for domestic consumption. Its United States business is centered in the states of North Dakota, South Dakota, Minnesota, and Iowa. Export grain traffic from this producing region is shipped to ports at Duluth and Superior in Minnesota.

The Company handles metallurgical coal destined for export for use in the steelmaking process. Its Canadian coal traffic originates from mines located in southeastern B.C. The Company moves coal west from these mines to port terminals for export to world markets (Pacific Rim, Europe and South America), and east for the United States Midwest markets. In the United States, it moves thermal coal from connecting railways, serving the thermal coal fields in the Powder River Basin in Montana and Wyoming, which is delivered to power-generating facilities in the United States Midwest. It also serves petroleum coke operations in Canada and the United States, where the product is used for power generation and aluminum production. The Company's Potash traffic moves from Saskatchewan to offshore markets through the ports of Vancouver, Thunder Bay and Portland, Oregon and to markets in the United States.

The Company's dry fertilizers shipping include urea, nitrogen solutions, phosphate rock, phosphate fertilizers, ammonium nitrate and ammonium sulfate; wet fertilizers are anhydrous ammonia. Nitrogen fertilizers (dry and wet) are produced at facilities in Western Canada and shipped within Western Canada and to United States Midwest destinations. Phosphate fertilizers are produced in Western Canada or transported from the United States. The sulfur is produced in Alberta as a byproduct of processing sour natural gas, refining crude oil and upgrading bitumen produced in the Alberta oil sands. Sulfur is a raw material used primarily in the manufacturing of sulfuric acid, which is used in the production of phosphate fertilizers.


Merchandise products move in trains of mixed freight and in a variety of car types. It moves merchandise traffic through a network of truck-rail transload facilities, expanding the reach of its network to non-rail served facilities. Forest products traffic includes pulp and paper, and lumber and panel shipped from key producing areas in B.C., northern Alberta, northern Saskatchewan, Ontario and Quebec to destinations throughout North America.

The Company's Chemicals and plastics freight are generated from energy, biofuels, and chemicals and plastics shipments. Its energy component consists of commodities, such as ethanol, liquefied petroleum gas (LPG), gasoline, diesel, condensate, asphalt, and lubricant oils. Its western Canada energy traffic originates in Saskatchewan and in the Alberta Industrial Heartland. Its biofuels traffic originates mainly from facilities in the United States-Midwest, shipping to destinations in the northeastern United States. Its chemical traffic includes products, such as ethylene glycol, styrene, sulfuric acid, methanol, sodium chlorate, caustic soda and soda ash. These shipments originate from eastern Canada, Alberta, the United States Midwest and the Gulf of Mexico and move to end markets in Canada, the United states and overseas. The Company moves crude from the production facilities throughout Alberta, Saskatchewan and North Dakota. Its crude destinations include terminals and refineries in the United States East Coast, Gulf Coast and West Coast on its network and through established interline partnerships.

The Company's metals, minerals and consumer products freight consist of sand and stone, and other aggregates, steel, food and consumer products, and non-ferrous metals transportation. Frac sand, within sand and stone, originates at mines located along its network in Wisconsin and moves to a set of shale formations across North America. Its cement traffic is shipped directly from production facilities in Alberta, Iowa and Ontario to energy and construction projects in North Dakota, Alberta, Manitoba and the United States Midwest. It transports steel in various forms from mills in Ontario, Saskatchewan and Iowa to a variety of industrial users. The Company carries base metals, such as copper, lead, zinc and aluminum. It also moves ores from mines to smelters and refineries for processing, and the processed metal to automobile and consumer products manufacturers. Consumer products traffic consists of a diverse mix of goods, including food products, building materials, packaging products and waste products.

The Company's automotive freight consist movements of finished vehicles from Canada, United States, Mexico, and overseas origins, machinery, and parts and other. Its Automotive portfolio consists of four finished vehicle traffic components: Canada-produced vehicles that ship to the United States from Ontario production facilities; the United States-produced vehicles that ship within the United States, as well as cross border shipments to Canadian markets; vehicles from overseas that move through the Port of Vancouver to eastern Canadian markets; and Mexican-produced vehicles that ship to the United States and Canada. It also ships machinery, pre-owned vehicles, and automotive parts.


The Company's Intermodal freight operations consist of domestic and international intermodal transportation. Its domestic intermodal freight consists of manufactured consumer products moved in approximately 50-foot containers within North America. Its international intermodal freight moves in marine containers to and from ports and North American inland markets. Its domestic intermodal business moves goods from a range of industries, including food, retail and forest products, as well as various other consumer-related products. Its domestic intermodal business originates in Canada, where it markets its services to retailers and manufacturers, providing complete door-to-door service and maintaining direct relationships with its customers. It delivers its services through wholesalers in the United States.

The Company's International intermodal business consists of containerized traffic moving between the ports of Vancouver, Montreal and New York and inland points across Canada and the United States import traffic from the Port of Vancouver is long-haul business destined for eastern Canada and the United States Midwest and Northeast. It works with the Port of Montreal, a major year-round East Coast gateway to Europe, to serve markets primarily in Canada and the United States Midwest.


The Company's network extends from the Port of Vancouver on Canada's Pacific Coast to the Port of Montreal in eastern Canada, and to the United States industrial centers of Chicago; Detroit, Michigan; Buffalo and Albany, New York; Kansas City, Missouri; and Minneapolis. The Western Corridor links Vancouver with Thunder Bay, which is the Western Canadian terminus of its Eastern Corridor. The Western Corridor provides access to the Port of Thunder Bay, Canada's Great Lakes bulk terminal. The Western Corridor is the route for bulk and resource products traffic from western Canada to the Port of Vancouver for export. It also handles major volumes of international intermodal containers and domestic general merchandise traffic.

The Company supports its Western Corridor with four feeder lines: the Coal Route, which links southeastern B.C. coal deposits to the Western Corridor and to coal terminals at the Port of Vancouver; the Edmonton-Calgary Route, which provides rail access to Alberta's Industrial Heartland (north of Edmonton, Alberta) in addition to the petrochemical facilities in central Alberta; the Pacific CanAm Route, which connects Calgary and Medicine Hat in Alberta with Pacific Northwest rail routes at Kingsgate, B.C. via the Crowsnest Pass in Alberta; and the North Main Line Route that provides rail service to customers between Portage la Prairie, Manitoba and Wetaskiwin, Alberta, including intermediate points Yorkton and Saskatoon in Saskatchewan. It provides direct access to refining and upgrading facilities at Lloydminster, Alberta and Hardisty, Alberta. The Company supports rail operations on the Western Corridor with rail yards at Vancouver, Calgary, Edmonton, Moose Jaw in Saskatchewan, Winnipeg and Thunder Bay. The Company has locomotive and railcar repair facilities at Golden, Vancouver, Calgary, Moose Jaw and Winnipeg. It also has an intermodal terminals at Vancouver, Calgary, Edmonton, Regina and Winnipeg.

The Central Corridor connects with the Western Corridor at Moose Jaw and Winnipeg. By running south to Chicago and Kansas City, through the Twin Cities of Minneapolis and St. Paul, Minnesota, and through Milwaukee, Wisconsin, it provides a single-carrier route between western Canada and the United States Midwest, providing access to Great Lakes and Mississippi River ports. From La Crosse, Wisconsin, the Central Corridor continues south towards Kansas City via the Quad Cities (Davenport and Bettendorf in Iowa, and Rock Island and Moline in Illinois), providing a route for traffic destined for southern United States and Mexican markets. Its Kansas City line also has a direct connection into Chicago and by extension to points east on its network, such as Toronto, Ontario and the Port of Montreal in Quebec. Traffic transported on the Central Corridor includes intermodal containers from the Port of Vancouver, fertilizers, chemicals, crude, automotive, grain and other agricultural products.

The Company has operating rights over BNSF between Minneapolis and the twin ports of Duluth, Minnesota and Superior, Wisconsin. It maintains its own yard facilities that provide an outlet for grain from the United States Midwest to the grain terminals at these ports; it is a strategic entry point for dimensional shipments that can be routed via its network to locations such as Alberta's Industrial Heartland to serve the needs of the oil sands and energy industry. Its feeder line between Drake and Newtown in North Dakota is geographically situated in a strategic region for Bakken oil production. It also has two feeder lines in North Dakota and western Minnesota operated by the Dakota Missouri Valley and Western Railroad, and the Northern Plains Railroad respectively.

The Company supports rail operations on the Central Corridor with rail yards in Chicago, Milwaukee, St. Paul and Glenwood in Minnesota, and Mason City and Davenport (Nahant yard) in Iowa. It has a locomotive repair facility at St. Paul and car repair facilities at St. Paul and Chicago. It is also a part owner of the Belt Railway Company of Chicago, which is the intermediate switching terminal railroad in the United States. It has intermodal terminals in Minneapolis and Chicago, as well as a DDG transload facility that complements the service offering in Chicago. The Eastern Corridor extends from Thunder Bay through to its eastern terminus at Montreal and from Toronto to Chicago via Windsor, Ontario or Detroit. The Company's Eastern Corridor provides shippers direct rail service from Toronto and Montreal to Calgary and Vancouver via its Western Corridor and to the United States via the Central Corridor. Its other services include truck trailers moving in drive-on/drive-off Expressway service between Montreal and Toronto. The traffic categories transported in the Eastern Corridor include forest, chemicals and plastics, crude, ethanol, metals, minerals and consumer products, intermodal containers, automotive products and general merchandise.

The Company has a feeder line that serves the steel industry at Hamilton, Ontario provides connections and both CSX Corporation (CSX) and NS at Buffalo. The Eastern Corridor connects with a number of short-line railways including routes from Montreal to Quebec City, Quebec and Montreal to St. John, New Brunswick and Searsport, Maine. It supports its rail operations in the Eastern Corridor with rail yards at Sudbury, Toronto, London and Montreal. The Company has locomotive repair facilities at Montreal and Toronto and car repair facilities at Thunder Bay, Toronto and Montreal. It also operates intermodal terminals at Montreal and Detroit. It also has transload facilities in Agincourt and Hamilton, Ontario to meet a variety of commodity needs in the area.

Track and Infrastructure

The Company operates on a network of approximately 12,400 miles of track, of which CP owns 10,800 miles and has access to 1,600 miles under trackage rights and lease agreements. It also owns 1,100 miles of track operated by independent short-line railways. Of the total mileage operated, approximately 5,600 miles are located in western Canada, 2,000 miles in eastern Canada, 4,400 miles in the United States Midwest and 400 miles in the United States Northeast. The Company operates approximately 19,000 total track miles. It operates facilities, including: terminals for intermodal and other freight; classification rail yards for trainbuilding and switching, storage-in-transit and other activities; offices to administer and manage operations; dispatch centers to direct traffic on the rail network; crew quarters to house train crews along the rail line; shops and other facilities for fueling; maintenance and repairs of locomotives; and facilities for maintenance of freight cars and other equipment. Its Police Services have offices to ensure the safety and security of the yards and operations.

The Company's classification yards include Vancouver, British Columbia, Calgary, Alberta, Edmonton, Alberta, Winnipeg, Manitoba, Toronto, Ontario and Chicago, Illinois. Its Intermodal Terminals includes Vancouver, British Columbia, Calgary, Alberta, Edmonton, Alberta, Regina, Saskatchewan, Vaughan, Ontario, Montreal, Quebec and Chicago, Illinois. The Company's equipment includes owned and leased locomotives and railcars; heavy maintenance equipment and machinery; other equipment and tools in its shops, offices and facilities; and vehicles for maintenance, transportation of crews, and other activities. The Company had approximately 1,400 locomotives; approximately 20,200 freight cars, and has approximately 12,000 intermodal equipment.

The Company competes with Canadian National Railway Company, Burlington Northern Santa Fe, LLC, including its subsidiary BNSF Railway Company.

7550 Ogden Dale Rd SE

See Full List of ETFs holding Canadian Pacific Railway stock in their respective portfolios.

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