Canadian Pacific, Union Pacific Railways Hammered by Fall in Fourth-Quarter 2015 Earnings, to Cut 2016 Capex

Canadian Pacific, Union Pacific Railways Hammered by Fall in Fourth-Quarter 2015 Earnings, to Cut 2016 Capex

SUGAR LAND--January 22, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian Pacific Railway Limited (NYSE:CP) (Calgary, Alberta) and Union Pacific Corporation (NYSE:UNP) (Omaha, Nebraska) each reported substantial reductions in fourth-quarter 2015 earnings amid a slowing economy and lower energy prices, prompting Canadian Pacific to announce plans to cut 1,000 jobs this year. Both railways said they plan to reduce capital expenditures for 2016. Industrial Info is tracking projects for both railways with a combined value of more than $2.5 billion. Within this article: Fourth-quarter 2015 earnings results for Canadian Pacific Railway Limited (NYSE:CP) and Union Pacific Corporation (NYSE:UNP). Additional companies: CSX Corporation (NYSE:CSX), Norfolk Southern Corporation (NYSE:NSC)

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