Hunter Harrison Departs CP, Apparently Interested in Next Turnaround, Leaves CAD 118 Million Behind
Canadian Pacific announced that CEO Hunter Harrison, age 71, will depart the firm on vacation immediately until his long-time protege and credible successor Keith Creel, 47, assumes the helm Jan. 31. This is about six months earlier than previously indicated, and Harrison will not consult for CP thereafter, because he approached the board to discuss modifications to his postemployment agreement to pursue opportunities involving other Class I railroads. The board agreed to waive his noncompete ob...CSX provides rail-based freight transportation services. The company's principal operating subsidiary, CSX Transportation, Inc., provides a link to the transportation supply chain through its rail network, which serves centers in states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. The company's CSX Intermodal Terminals, Inc. subsidiary owns and operates a system of intermodal terminals, primarily in the eastern United States and also performs drayage services (the pickup and delivery of intermodal shipments). The company's Total Distribution Services, Inc. subsidiary serves the automotive industry with distribution centers and storage locations.
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