Model Power - 7062 - Gondola, 40 Foot, Steel - Canadian Pacific - 339234

Model Information: This body style has been made by Lima and imported by various brand names since the late 1960s. You can see "Lima Italy" molded into the underframe. This model has been imported by MRC, AHM, PMI and Model Power. They are also released under Lima's own brand name. There are examples where the exact same car (even the road number) is available both in a Lima box as well as a Model Power box. The early releases of this model do not claim any specific length, but the later Model Power releases claim they represent 50' gondolas. However, the scale size is much closer to 45'. Prototype gondolas of this type more typically measure out at 52 or 53 feet, but the various model manufacturers typically produce them at a scale size of 50' in order that they can share a common underframe with 50' boxcars.

Prototype History: In US railroad terminology, a gondola is an open-topped rail vehicle used for transporting loose bulk materials. Because of their low side walls gondolas are also suitable for the carriage of such high-density cargos as steel plates or coils, or of bulky items such as prefabricated sections of rail track.

All-steel gondolas date back to the early part of the 20th century.

Road Name History: The Canadian Pacific Railway (CPR), formerly also known as CP Rail (reporting mark CP) between 1968 and 1996, is a historic Canadian Class I railroad incorporated in 1881. The railroad is owned by Canadian Pacific Railway Limited (TSX: CP, NYSE: CP), which began operations as legal owner in a corporate restructuring in 2001.

Headquartered in Calgary, Alberta, it owns approximately 23,000 kilometres (14,000 mi) of track all across Canada and into the United States, stretching from Montreal to Vancouver, and as far north as Edmonton. Its rail network also serves major cities in the United States, such as Minneapolis, Milwaukee, Detroit, Chicago, and New York City.

The railway was originally built between Eastern Canada and British Columbia between 1881 and 1885 (connecting with Ottawa Valley and Georgian Bay area lines built earlier), fulfilling a promise extended to British Columbia when it entered Confederation in 1871. It was Canada's first transcontinental railway, but currently does not reach the Atlantic coast. Primarily a freight railway, the CPR was for decades the only practical means of long-distance passenger transport in most regions of Canada, and was instrumental in the settlement and development of Western Canada. The CP became one of the largest and most powerful companies in Canada, a position it held as late as 1975. Its primary passenger services were eliminated in 1986, after being assumed by Via Rail Canada in 1978. A beaver was chosen as the railway's logo because it is the national symbol of Canada and was seen as representing the hardworking character of the company.

The company acquired two American lines in 2009: the Dakota, Minnesota and Eastern Railroad and the Iowa, Chicago and Eastern Railroad. The trackage of the ICE was at one time part of CP subsidiary Soo Line and predecessor line The Milwaukee Road. The combined DME/ICE system spanned North Dakota, South Dakota, Minnesota, Wisconsin, Nebraska and Iowa, as well as two short stretches into two other states, which included a line to Kansas City, Missouri, and a line to Chicago, Illinois, and regulatory approval to build a line into the Powder River Basin of Wyoming. It is publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker CP. Its U.S. headquarters are in Minneapolis.

After close of markets on November 17, 2015, CP announced an offer to purchase all outstanding shares of Norfolk Southern Railway, at a price in excess of the US$26 billion capitalization of the United States-based railway. If completed, this merger of the second and fourth oldest Class I railroads in North America would have formed the largest single railway company on that continent, reaching from the Pacific coast to the Atlantic coast to the Gulf Coast. The merger effort was abandoned by Canadian Pacific on April 11, 2016, after three offers were rejected by the Norfolk Southern board.

Read more on Wikipedia and on Canadian Pacific official website.

Brand/Importer Information: Founded in the late 1960's by Michael Tager, the 3rd generation business specializes in quality hobby products serving the toy and hobby markets worldwide. During its 50 years of operation, Model Power has developed a full line of model railroading products, die-cast metal aircraft, and die-cast metal cars and trucks.

In early 2014, Model Power ceased its business operations. Its extensive portfolio of intellectual property and physical assets are now exclusively produced, marketed, sold, and distributed by MRC (Model Power, MetalTrain and Mantua) and by Daron (Postage Stamp Airplanes and Airliner Collection).

Manufacturer Information: Lima S.p.A (Lima Models) was a brand of railway models made in Vicenza, Italy, for almost 50 years, from the early 1950s until the company ceased trading in 2004. Lima was a popular, affordable brand of 00 gauge and N gauge model railway material in the UK, more detailed H0 and N gauge models in France, Germany, Italy, Switzerland, and the United States as well as South Africa, Scandinavia and Australia. Lima also produced a small range of 0 gauge models. Lima partnered with various distributors and manufacturers, selling under brands such as A.H.M., Model Power, Minitrain and PMI (Precision Models of Italy). Market pressures from superior Far Eastern produce in the mid-1990s led to Lima merging with Rivarossi, Arnold, and Jouef. Ultimately, these consolidations failed and operations ceased in 2004.

Hornby Railways offered €8 million to acquire Lima's assets (including tooling, inventory, and the various brand names) in March of the same year, the Italian bankruptcy court of Brescia (town near Milan, last headquarters of Lima) approving the offer later that year. In December 2004, Hornby Railways formally announced the acquisition along with the Rivarossi (H0 North American and Italian prototypes), Arnold (N scale European prototypes), Jouef (H0 scale French prototypes), and Pocher (die-cast metal automobile kits) ranges. As of mid-2006, a range of these products has been made available under the Hornby International brand, refitted with NEM couplings and sprung buffers and sockets for DCC (Digital Command Control) decoders.

From Wikipedia