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Canadian Pacific offers all of its space in Canadian Pacific Plaza

2015-07-06 13:35:13| Railroads - Topix.net

Canadian Pacific has hired CBRE Group to market for sublease all of its 92,289 square feet in the downtown Minneapolis office tower that has bared its name since 2012. A recent email blast to downtown Minneapolis office brokers by CBRE broker Brian Wasserman advertised the space with "aggressive rates & long term sublease" and listed when spaces in Canadian Pacific Plaza would become available: Calgary, Alberta-based Canadian Pacific is "looking to consolidate" some of its space in the building, spokesman Salem Woodrow said.

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Canadian Pacific asks judge not to approve Lac-Megantic derailment settlement

2015-06-24 15:48:41| Railroads - Topix.net

Canadian Pacific Railway Ltd.'s lawyers asked a Quebec judge not to approve a proposed $430-million settlement fund for victims of the Lac-Megantic train derailment because they say its terms are unfair to the company. Lawyer Alain Riendeau told Quebec Superior Court Justice Gaetan Dumas on Wednesday the terms severely limit CP's ability to defend itself in court.

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Canadian Pacific Railway upgrading London crossing where train and car collided in May

2015-06-21 12:59:11| Railroads - Topix.net

A 20-year-old man was injured after the car travelling south on St. George St. collided with a westbound CP freight train at Piccadilly St. on May 30. A downtown-area railway crossing ranked as one of the most dangerous in London by one rail safety expert is being upgraded. The crossing at Piccadilly and St. George streets will be outfitted with a gate sometime this year, the Canadian Pacific Railway confirmed.

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Canadian Pacific challenging responsibility in Lac-Megantic disaster in court

2015-06-15 17:41:55| Railroads - Topix.net

A judge has begun hearing arguments that could determine the fate of more than $431 million destined for victims and creditors of the 2013 train disaster in Lac-Megantic, Que. Lawyers for Canadian Pacific Railway - the sole firm accused of responsibility in the rail disaster not to participate in the settlement offer - are in court today arguing the process is illegitimate and unfair.

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Canadian Pacific Railway Limited Now Covered by Analysts at Sanford C. Bernstein

2015-06-04 23:35:40| Railroads - Topix.net

The firm set an "outperform" rating on the stock. Canadian Pacific Railway Limited opened at 167.00 on Thursday.

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