The Procter & Gamble Company (PG) held its annual shareholders meeting yesterday, where the company’s shareholders and executives shared their perspective on the upcoming innovation and product-line strategy.
P&G’s CEO Alan G. Lafley was the main speaker at the meeting. He talked about the company’s vision and how it builds customer-centered brands and products that add value for customers, employees, and shareholders alike.
Canadian Pacific Railway Limited (CP) reportedly proposed a merger deal with US rail giant, CSX Corp. (CSX) on the back of an improving industry environment. The news was first reported by The Wall Street Journal, which cited anonymous sources about the proposal to combine two of the largest rail
Canadian railway stocks have been a great place to be for investors and not just for the long term. Canadian National Railway Co. is up more than 25% on the year, Canadian Pacific Railway Ltd. has risen about 35%, and both reported strong first-quarter results earlier this week, seemingly clearing the track for more room to roll.
But all is not rosy for the rails. For one thing, there is some uncertainty about revenues from moving commodities such as grain, coal and oil, tougher comparisons to previous quarters and lofty valuations to consider.
Canadian Pacific Railway Ltd. overcame wintry weather and a brief strike in the first quarter to report the best operating ratio in company history — and CEO Hunter Harrison says there’s still plenty of room for improvement.
CP’s operating ratio — a key measure of efficiency, in which a lower number is better — fell nearly nine percentage points to 63.2 per cent, a number Harrison called “staggering.”
“I don’t think any railroad has ever achieved an operating ratio of that level in the first quarter,” Harrison said on a conference call Tuesday.
Workers at Canadian Pacific Railway Limited (USA) (NYSE:CP) renounced their strike and returned to work yesterday, after spending only a day-and-a-half on the picket lines. They have now agreed to bind arbitration just before the federal government put its proposed back-to-work legislation on the back burner.
The race to build natural gas export terminals on Canada’s Pacific Coast is inspiring another competition as producers including Painted Pony Petroleum Ltd. position themselves as potential takeover targets.
Developers of the gas-rich Montney shale that straddles Alberta and British Columbia are among the best-performing Canadian energy stocks this year, including Painted Pony, Crew Energy Inc. and Birchcliff Energy Ltd. Regulators estimate the Montney, the supply source closest to the sites of proposed LNG terminals, contains 145 years worth of Canadian gas consumption.
Warren Buffett’s BNSF Railway Co. and Canadian Pacific Railway Ltd. face a June 27 deadline to say how they will clear a backlog of grain shipments that has some farmers fuming over rotting wheat and late deliveries.
The U.S. Surface Transportation Board ordered the railroads to outline by then how they will deal with service disruptions, including a timeline for doing so, and to subsequently provide weekly updates about their progress.