Caption:
Fallen Flag ?
Corporately the CPR we know today is relatively new....
...CP Rail ( and variations thereof ) was the Canadian Pacific Railway marketing symbol 1968 to 1995
..during that time period CP Rail ( and Canadian Pacific Railway 1996 to 2001 ) was a division of Canadian Pacific Limited (other divisions included CP Hotels, CP Ships, CP Air )
...and CPRS was the marketing symbol 1993 to 1996.
former CP Rail service truck at wreck yard, October 22, 2018 Image by S.Danko
A Canadian Pacific corporate what's interesting:
Canadian Pacific Limited sold CP Air division in 1987 as part of the merger of Nordair and Pacific Western to form Canadian Airlines ( the latter eventually acquired by the old Air Canada ( prior to the latter's bankruptcy).
In 1996, CP Rail changed its name back to Canadian Pacific Railway ( but remained a division of Canadian Pacific Limited ). At that time a new subsidiary company, the St. Lawrence and Hudson Railway, was created to operate its money-losing lines in eastern North America, covering P.Q, Ontario, trackage rights to Chicago as well as the Delaware and Hudson Railway.
the StL&H was formally amalgamated with CP Rail (Canadian Pacific Railway a division of Canadian Pacific Limited ) on January 1, 2001 in anticipation of further corporate reorganization
October 3, 2001 Canadian Pacific Limited spin off the remaining Divisions into separate companies and at that time the Canadian Pacific Railway Limited that we know today was created.
CP Hotels acquired the Delta and Princess Hotels (in 1998) and Fairmont chain (1999) then changed name – in October 2001 to Fairmont Hotels and Resorts and in January 2006 Fairmont was acquired by Kingdom Hotels ( Saudi Arabia owned ).
CP Ships Limited ( at that time the major source of CP Rail's container traffic ) was sold in 2005 to TUI AG (Germany) who merged CP Ships into the Hapag-Lloyd division.
sdfourty
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