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.
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.
Hunter Harrison, William Ackman’s choice to lead Canadian Pacific Railway Ltd., said he would be willing to stay in the job for as long as it takes to turn around the least efficient railroad in North America.
Canadian Pacific Railway Ltd. surged the most in six weeks after Chief Executive Officer Hunter Harrison said he would cut jobs and study asset sales to boost profitability at North America’s least-efficient railroad.
Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison, who was lured from retirement as the head of Canadian National Railway Co., is poised to a hire a deputy to implement his turnaround strategy at the least efficient North American carrier.