Welcome to our dedicated page for Canadian Pacific Kansas City news (Ticker: CP), a resource for investors and traders seeking the latest updates and insights on Canadian Pacific Kansas City stock.
Canadian Pacific Kansas City Limited (CPKC) (TSX: CP, NYSE: CP) is a Class I railroad operator that emerged from the merger of Canadian Pacific Railway and Kansas City Southern on April 14, 2023. Headquartered in Calgary, Alberta, CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico. With approximately 20,000 route miles, CPKC provides unparalleled rail service, offering freight transportation services, logistics solutions, and supply chain expertise to North American customers.
The merger has greatly expanded CPKC's network, allowing for single-line-haul services from Canada through the upper Midwest down to Texas, the Gulf of Mexico, and into Mexico. CPKC operates roughly 3,300 miles of rail in Mexico and is a significant player in cross-border and intra-Mexico freight transport. The company hauls a diverse mix of products, including grain, intermodal containers, energy products like crude and frac sand, chemicals, plastics, coal, fertilizer and potash, automotive products, and various other merchandise.
CPKC's most recent financial results highlight their strong performance in the fourth quarter of 2023. They reported revenues of $3.8 billion, a diluted earnings per share (EPS) of $1.10, and core adjusted combined diluted EPS of $1.18. The company has led the industry with the lowest frequency of train accidents among Class I railroads for 17 consecutive years. This achievement underscores CPKC's commitment to safety and reliability.
Looking forward to 2024, CPKC is optimistic about leveraging unique synergy opportunities and improving macroeconomic conditions to sustain their growth trajectory. Their dedication to service and safety continues to drive value for customers and shareholders alike. In addition to their operational achievements, CPKC is also involved in community investment programs, such as a notable $1.5 million commitment to the American Heart Association for heart research over the next three years.
CPKC's operational excellence is complemented by their strong financial management and strategic initiatives. They have successfully issued and managed commercial paper programs backed by significant revolving credit facilities. CPKC's acquisition-related costs and financial integration of Kansas City Southern have been managed efficiently, ensuring minimal disruption to their operational performance.
In summary, CPKC stands as a pivotal force in North American rail transport, providing extensive rail service that connects key markets across Canada, the United States, and Mexico. Their continued focus on safety, service excellence, and strategic growth initiatives make them a critical player in the industry.
Canadian Pacific Kansas City (CP) has released its 2025 Climate Mileposts report, outlining key sustainability initiatives. The company is advancing its Hydrogen Locomotive Program, which achieved over 6,000 miles in freight service testing by end of 2024. CPKC plans to expand its hydrogen test fleet with seven additional locomotives and a tender car throughout 2025.
The company conducted over 1,100 fueling events in 2024 as part of its B20 locomotive biofuel trial in British Columbia, testing advanced renewable biofuel blends. Additionally, CPKC is preparing to receive 100 Tier 4 diesel-electric locomotives in 2025, designed to reduce emissions and improve fuel efficiency.
CEO Keith Creel emphasized rail transport's superior fuel efficiency for land-based freight movement and reaffirmed CPKC's commitment to improving locomotive operating efficiency and hydrogen locomotive testing.
Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) announced that Executive Vice-President and Chief Financial Officer Nadeem Velani and Senior Vice-President, Accounting, Planning and Procurement Ian Gray will speak at the 46th Annual Raymond James Institutional Investors Conference. The presentation is scheduled for March 3, 2025, at 8:05 a.m. ET. A live audio webcast will be accessible through investor.cpkcr.com, with a replay available after the event.
Canadian Pacific Kansas City (CP) announced that the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED) has ratified a new four-year collective agreement. The agreement, covering approximately 2,300 engineering service employees across Canada, includes improved wages and benefits.
CPKC CEO Keith Creel highlighted that the agreement was reached through collaborative negotiations and received strong support from the membership. The new contract is expected to provide long-term labor stability, enabling the company to continue serving customers and contributing to the Canadian economy efficiently and safely.
Canadian Pacific Kansas City (CP) has officially opened the Patrick J. Ottensmeyer International Railway Bridge with a ceremonial ribbon cutting over the Rio Grande. The $100 million bridge, named after the final KCS president and CEO who passed away in July 2024, is the only railroad bridge connecting Laredo, Texas, and Nuevo Laredo, Tamaulipas.
The new infrastructure more than doubles the capacity at the U.S.-Mexico border, featuring a 1,170-foot second track bridge with six reinforced concrete piers, positioned 35 feet from the existing track bridge. The project includes 4,500 feet of new track and enhanced security investments, including a VACIS X-ray railcar inspection system and surveillance cameras.
Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) announced that President and CEO Keith Creel will participate in two upcoming investor conferences in February 2025. He will speak at the Citi Global Industrial Tech and Mobility Conference on February 18 at 2:40 p.m. ET and the Barclays Industrial Select Conference on February 19 at 9:50 a.m. ET. Live audio webcasts of both presentations will be accessible through CPKC's investor website, with replays available after the events.
Canadian Pacific Kansas City (CP) has announced reaching a tentative four-year collective agreement with the United Steelworkers (USW), representing approximately 600 clerical and intermodal employees in Canada. This marks CP's third tentative agreement in Canada this year.
CPKC President and CEO Keith Creel emphasized that the agreement benefits railroaders and their families while enabling the company to continue serving customers efficiently and supporting Canadian economic growth. The specific details of the agreement will remain confidential until ratification.
Canadian Pacific Kansas City (CP) reported strong Q4 2024 financial results with revenues of $3.9 billion, up 3% from Q4 2023. The company achieved a reported operating ratio of 59.7%, improving by 210 basis points year-over-year, while core adjusted combined OR decreased to 57.1%.
Q4 diluted EPS increased to $1.28 from $1.10 in Q4 2023, with core adjusted combined diluted EPS rising 9% to $1.29. Safety metrics showed improvement with FRA-reportable personal injury frequency decreasing to 0.84 from 1.13.
For full-year 2024, CPKC's reported OR improved to 64.4%, while core adjusted combined diluted EPS grew 11% to $4.25. The company maintained its position as industry leader with the lowest FRA-reportable train accident frequency among Class 1 railroads. Management expects strong earnings growth in 2025, aligned with their multi-year guidance.
Canadian Pacific Kansas City (CP) has announced its latest quarterly dividend declaration. The company's Board of Directors has approved a dividend payment of $0.19 per share on outstanding Common Shares. The dividend will be paid on April 28, 2025, to shareholders who are recorded as holders at the close of business on March 28, 2025. The dividend qualifies as an 'eligible' dividend under the Income Tax Act (Canada) and similar provincial/territorial legislation.
Canadian Pacific Kansas City (CP) has announced reaching a tentative four-year collective agreement with the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED), which represents approximately 2,300 engineering service employees across Canada.
The agreement, announced on January 28, 2025, marks a significant development in labor relations for the railroad company. CPKC CEO Keith Creel emphasized that the agreement benefits railroaders and their families while enabling the company to continue serving customers and contributing to the Canadian economy efficiently. The specific details of the agreement will remain confidential until ratification.
Canadian Pacific Kansas City (CP) has announced reaching a tentative four-year collective agreement with Unifor, representing approximately 1,200 mechanical employees in Canada. The agreement covers mechanics, labourers, diesel service attendants, and mechanical support staff.
CPKC's President and CEO Keith Creel emphasized the collaborative nature of the negotiations, highlighting the agreement's benefits for employees and their families while maintaining customer service and supporting the Canadian economy. The specific details of the agreement remain undisclosed pending ratification.
FAQ
What is the current stock price of Canadian Pacific Kansas City (CP)?
What is the market cap of Canadian Pacific Kansas City (CP)?
What is Canadian Pacific Kansas City Limited (CPKC)?
Where is CPKC headquartered?
What types of freight does CPKC transport?
What was CPKC's revenue in Q4 2023?
How does CPKC ensure safety in its operations?
What is the significance of CPKC's merger with Kansas City Southern?
What community initiatives is CPKC involved in?
How does CPKC manage its financial operations?
What are CPKC's future growth prospects?
Where can I find more detailed financial information about CPKC?
