Canadian Pacific Limited

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The Canadian Pacific Limited was founded in 1971 to the various businesses of the Canadian Pacific Railway to assume that anything with the actual operation of a railroad to do. The company was dissolved in 2001 when five independently operating companies, including Canadian Pacific Railway Limited , were founded.

history

In the late 1960s, the Canadian Pacific Railway was also active in other economic sectors in addition to rail transport. To take this development into account, the Canadian Pacific Railway Company was renamed Canadian Pacific Limited on July 5, 1971. The railway company was run as a department under the designation "CP Rail". Other areas were initially managed as departments and gradually transferred to independent companies. As part of a corporate reorganization on July 4, 1996, the Canadian Pacific Limited were renamed back to Canadian Pacific Railway. At the same time, a Canadian Pacific Holdings Limited was founded, which was renamed Canadian Pacific Limited when the reorganization took effect. The existing departments and subsidiaries (CP Rail, CP Ships, PanCanadian Petroleum, Fording Coal, Marathon Realty and CP Hotels) became subsidiaries of the new Canadian Pacific Limited. After Marathon Realty was sold in 1996, the holding company was dissolved in 2001/2002. The five remaining subsidiaries became independent companies.

Branches of business

railroad

The Canadian Pacific Railway (CP) was established on February 16, 1881 to build a transcontinental railroad from Ontario to British Columbia . The first president was George Stephen . The railway was completed in 1885 under the supervision of the later second president William Cornelius Van Horne .

tourism

CP built various luxury hotels across Canada alongside their rail lines. The Mount Stephen House in Field ( British Columbia ) 1886 was the first. Other hotels followed in the Rocky Mountains and in major cities. In 2001 the hotels were merged with the US hotel chain Fairmont Hotels and Resorts . But the railway is still present in the hotels through the "CP Stores".

telecommunications

In addition to the railroads, CP also built telegraph lines to enable communication with remote areas. The "CPR Telegraph Company" founded in 1894 became "CNCP" in 1960 (cooperation with the main competitor Canadian National Railway ). A part was sold in 1984 to "Rogers Communications" (and immediately afterwards to AT&T Canada). In 1990 the name was changed to "Unitel Communications Incorporated". In 1993 Unitel became part of the AT&T group and "Rogers" sold its shares in 1995.

Truck transport

CP did not only transport goods by rail, but also by road. In 1882 she took over the express delivery service "Dominion Express Company", which in 1926 was renamed "Canadian Pacific Express Company". The operation was carried out independently of the railway and the companies issued invoices to each other for services provided. After taking over several trucking companies, "CP Express and Transport" was created with an extensive transport network in Canada and the United States . After the North American truck industry was deregulated , the company ran into financial difficulties. The employees took over the company in 1994 and continued to run it under the name "Interlink Freight Services". But tough competition from companies without unionized employees and from sole proprietorships resulted in the end of the company in July 1997.

airline

In the early 1940s, CP took over ten local airlines and merged them into Canadian Pacific Air Lines in 1942 . The flight network opened up western Canada and extended as far as the Far East. In 1968 the name changed to "CP Air". The company merged with two other airlines to form Canadian Airlines International in 1987 , which in turn was taken over by Air Canada at the end of 1999 .

Energy and mining

In 1883, CPR construction workers accidentally discovered a natural gas deposit at Medicine Hat . In 1912, CP established a natural resources division in Calgary . This carried out the trade in rights to wood, oil, natural gas and minerals, sold land and ensured the settlement of immigrants near the CPR railway lines.

In 1958, CP created the Canadian Pacific Oil and Gas Company (CPOG) to manage its oil, gas and mineral rights. In 1971 the merger with "Central-Del Rio Oils" to "PanCanadian" took place. The energy business was outsourced in 2002 and the company merged with Alberta Energy Corporation to form EnCana .

Fording Coal , a coal mining company taken over by the Canadian National Railway , was also outsourced in 2002 and now operates under the name "Fording Coal-Canadian Coal Trust".

shipping

In 1883, freight traffic began with steam freighters on the Great Lakes , and in 1886 on the Pacific . The shipping company CP Ships was founded on April 28, 1891 and began shipping on the Atlantic in 1903 . After passenger traffic lost importance due to increasing competition from airlines, the company concentrated on freight traffic. In 2001, CP Ships was outsourced from the group and has been an independent company ever since. In October 2005, the German TUI group took over the majority of shares in order to merge CP Ships with its subsidiary, the shipping company Hapag-Lloyd .

Real estate

In 1962, Canadian Pacific Investments was founded in order to be able to better market the property of the railway company. In 1980 the company was renamed Canadian Pacific Enterprises Ltd. renamed and was incorporated into CP Limited in 1985.

Corporate management

president

Chairman and CEO

Company headquarters

The company was based in Montreal until 1995 when it was relocated to Calgary .

Web links

Individual evidence

  1. ^ Canadian Pacific Plans Restructuring Robert Gibbens. The Financial Times (London, England), Wednesday November 22, 1995; pg. 33
  2. ↑ globeandmail.com: Frederick Burbidge September 30, 1918 - May 3, 2013 The family of Frederick Stewart Burbidge announces the passing of Frederick in his 95th year at Knowlton House. Retrieved October 12, 2017 (Canadian English).
  3. ↑ Robert Campbell's Obituary on Calgary Herald. Retrieved October 12, 2017 .
  4. ^ Canadian Pacific Plans Restructuring Robert Gibbens. The Financial Times (London, England), Wednesday November 22, 1995; pg. 33