Canadian Pacific Railways Limited provides rail transportation services across North America.
The Calgary-based was established under a parliamentary act in 1881 with an aim to united Canadians from coast to coast reportedly. The company says that the railways had played a significant role in transformation of transportation, shipping, and tourism in Canada. The company has a diversified asset portfolio that consists of hotels, airlines, steamships, mining, telecommunication and delivery, oil and gas firms.
The rail company is a Class 1 Transcontinental railroad operator that provides intermodal services and freight services across the United States and Canada. It operates a mainline network that runs across Montreal and Vancouver and major Canadian ports. The company reportedly has key terminals in the United States.
The railway firm ships various goods, including:
• Potash & fertilizers
• Industrial products
• Forest product
• Wind energy components
• Intermodal containers
• Food products
The firm claims to move grains and food products under suitable temperature condition through its CPTempPro service. It also operates in the Atlantic coast. Under its winter contingency plan, the Canadian company claims to provide efficient and safe shipping round the year.
In 2020, Maersk and Canadian Pacific Railway entered an agreement to build and operate a world class distribution and transloading facility in Vancouver.
The firm is dually listed on NYSE and TSX under the symbol ‘CP’. It operates through various subsidiaries such as TTX Company, Mount Stephan Properties Inc, Dakota, Minnesota and Eastern Railroads, Minneapolis St Paul, etc.
The transcontinental railway company also provides the various services like intermodal shipping, transload, temperature-sensitive shipping, trucking, gateways in Pacific and Atlantic, short line connections, etc. In addition, it also uploads information on various tariffs and rates, includes supplemental tariffs, fuel cost adjustments, intermodal tariff rates, exchange and surcharge rates, on the official website. Furthermore, the Canadian railway company reportedly provides damage and prevention claims to ensure secured and safe shipping.