Train shipments of crude are under review across North America after a U.S. emergency order requiring new safety measures to prevent accidents. Oil-sands shippers may be scrutinizing the rules most closely.
Canadian Pacific Railway Ltd. is leaning toward implementing a stock buyback this year, a nod to the needs of U.S. investors, along with a “modest” dividend increase, Chief Executive Officer Hunter Harrison said.
Safety in shipping crude oil, a railroad-industry focus as petroleum cargos surge, pivots on employees’ actions and not government rules, Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison said.
Viking Global Investors LP, the hedge-fund firm run by O. Andreas Halvorsen, acquired stakes in Walgreen Co. and Canadian Pacific Railway Ltd. valued at more than $600 million each in the fourth quarter.
Canadian Pacific Railway Ltd. rose the most in three months as Canada’s second-largest railroad said fourth-quarter profit more than quintupled and Chief Executive Officer Hunter Harrison vowed to stay on until 2016.