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Canadian Pacific (CP) operates one of North America's Class I railroads, providing freight transportation services, logistics solutions and supply chain expertise. CP operates over a network of 14,700 miles of track in six Canadian provinces and 13 U.S. states, and serves Canada's principal business centers, from Montreal, Quebec, to Vancouver, British Columbia; and the U.S. Northeast and Midwest. Agreements with other carriers extend the railroad's market east of Montreal and throughout the United States and into Mexico. The railroad transports bulk commodities including grain, coal, sulphur and fertilizers; merchandise freight, including finished vehicles, auto parts, forest, industrial and consumer products; and intermodal traffic. Canadian Pacific also operates the Royal Canadian Pacific, a luxury passenger-rail service. The transcontinental railroad was incorporated in 1881 and "drove the last spike" in 1885. In 1990, Canadian Pacific took control of the Soo Line, which had absorbed the Milwaukee Road in 1985 and the Minneapolis, Northfield and Southern Railway in 1982. In 1991, Canadian Pacific acquired the Delaware and Hudson Railway, which gave CP access to U.S. Northeast ports. In 2016, CP's revenue declined 7 percent to CA$6.23 billion, while reported diluted EPS increased 27 percent to CA$10.63 compared with 2015 figures. Adjusted EPS rose 2 percent to CA$10.29. CP posted a record-low operating ratio of 58.6.
The company employs 16,100 people. Its executives include Keith Creel, president and chief executive officer; Nadeem Velani, executive vice president and chief financial officer; Robert Johnson, executive vice president of operations; Jeffrey Ellis, chief legal officer and corporate secretary; Laird Pitz, senior vice president and chief risk officer; Scott MacDonald, senior vice president of operations (system); Mark Redd, senior vice president of operations (western region); Tony Marquis, senior vice president of operations (eastern region); and John Brooks, senior vice president and chief marketing officer. Creel was the 2014 recipient of Progressive Railroading's Railroad Innovator of the Year Award.